XRP News Today: Death Cross Looms Over XRP: Breaking $1.82 May Trigger 15% Drop

XRP, the third-largest cryptocurrency by market capitalization, is facing renewed bearish pressure as analysts warn of a potential 15% price correction triggered by a forming death cross-a technical pattern historically linked to sharp declines. Crypto trader Umair highlighted the risk on X, noting that the asset has entered a critical phase with its price oscillating within a tight range of $1.90 to $2.08. This consolidation zone, he argues, is pivotal: If XRP remains within it, a month-long base could form, providing a foundation for a potential rebound. However, a breakdown below $1.82 could signal a deeper correction, echoing the 15% crash observed during a prior death cross event.

The death cross, a bearish indicator where the 50-day moving average dips below the 200-day moving average, is emerging on XRP's daily chart. Umair emphasized that this pattern, combined with weak trading volume and indecision, could amplify downward momentum. The last time such conditions materialized, XRP fell to $1.50, a level he now sees as a potential target if the current breakdown occurs. Meanwhile, analyst CasiTrades added another layer of caution, pointing to the $1.65 Fibonacci support level as a potential bottom. She argued that XRP's price action aligns with a corrective wave that could see it retest $2.09 resistance before declining to complete the final leg of the correction according to analysis.

The immediate technical focus is on $1.82, a threshold that could determine XRP's trajectory. If the price wicks below this level but rebounds within the $1.90–$2.08 range, it could stabilize the asset. However, a close below $1.82 would invalidate the bullish case, opening the door to a freefall. Recent price action has been mixed: XRP briefly reclaimed the $2 level after a 5% rally on Nov. 25, spurred by the launch of two XRP ETFs on NYSE Arca. Yet, the broader crypto market remains fragile, with Bitcoin and Ethereum showing signs of cooling momentum.

The death cross risk is compounded by XRP's limited liquidity in the $2.00–$2.30 range. A recent analysis noted that the RSI is stable at 46, indicating a lack of directional momentum, while the MACD indicator has generated a buy signal. However, these bullish cues are overshadowed by the bearish implications of the death cross and the absence of strong institutional buying.

Investors are also grappling with broader macroeconomic uncertainties, including the performance of Bitcoin and the potential impact of regulatory developments in the U.S. crypto space. While XRP's recent ETF launches offered a temporary boost-pushing the price to $2.2551-sustained gains require a breakout above $2.36, the 50-day EMA level. Without a clear catalyst, analysts caution that XRP remains vulnerable to a repeat of past volatility.

The implications for XRP holders are clear: The coming weeks will test the asset's ability to hold key support levels. If the death cross completes and the price falls below $1.82, the path to $1.50 or $1.65 becomes increasingly likely. For traders, the tight range between $1.90 and $2.08 represents a critical battleground. A failure to consolidate there could accelerate the bearish scenario, while a successful defense might pave the way for a more measured correction.

As the crypto market awaits clarity, XRP's performance will serve as a barometer for broader sentiment. With institutional interest in altcoins waning and Bitcoin's momentum slowing, the pressure is on for XRP to either stabilize or face a renewed wave of selling. For now, the $1.82 threshold remains the most decisive price point in a high-stakes technical battle.