XRP (CRYPTO: XRP) is up 3% on the day but technical indicators suggest traders should tread with caution in the near term.
|
Cryptocurrency |
Ticker |
Price |
Market Cap |
7-Day Trend |
|
Bitcoin |
(CRYPTO: BTC) |
$114,413.52 |
$2.27 trillion |
-3.8% |
|
Ethereum |
(CRYPTO: ETH) |
$3,568.24 |
$430.7 billion |
-8% |
|
XRP |
(CRYPTO: XRP) |
$2.99 |
$177.5 billion |
-7.4% |
Trader Notes: Crypto analyst Ali Martinez flagged the MVRV ratio flashing a death cross on XRP’s chart, suggesting bearish pressure could intensify.
Trader Henry noted that XRP is forming its largest bullish pennant to date, maintaining support with a series of green candle closes, often a sign of building momentum. A breakout targeting $4 could be imminent, he added.
Community News: Ripple CTO David Schwartz announced that he is launching a new independent infrastructure project for the XRP Ledger.
He will personally manage a standalone server that functions as a high-quality hub, designed to support validators on the Unique Node List, as well as other hubs and XRPL-based applications.
Schwartz emphasized that this dedicated hub would improve network resilience and efficiency, further strengthening the XRPL ecosystem.
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This article XRP Climbs 3% But One Key Indicator Just Flashed A Death Cross originally appeared on Benzinga.com
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