XRP News Today: XRP Traders Weigh Death Cross Downturn Against Upcoming ETF Catalysts

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The XRP death cross on the daily chart has intensified bearish sentiment, with the 50-day moving average crossing below the 200-day average—a classic technical indicator of prolonged downward momentum, as noted in a Coinotag analysis here. This development, confirmed by multiple analysts, signals a critical shift in market dynamics for Ripple's token, which has already broken key support levels and trades near $2.26, as Coinotag notes. Historical patterns suggest such formations often precede extended declines, with XRP dropping 15-20% in similar 2023 and 2024 scenarios, as Coinotag reports.

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The bearish outlook is compounded by aggressive profit-taking from long-term holders, who have realized $220 million in gains since September—a 240% surge in activity, according to a Yahoo Finance report. Glassnode data highlights a "distribution into weakness" pattern, where early accumulators sell as prices retreat rather than rise, signaling waning confidence, as Yahoo Finance reports. This contrasts with typical cycles and underscores the fragility of XRP's current recovery attempt. Meanwhile, institutional demand is building ahead of the first U.S. spot XRP ETF launch, with Canary Funds and 21Shares finalizing regulatory filings, as Coinpedia reports. The ETFs, set to trade on Nasdaq and Cboe BZX, could inject $1 billion in liquidity, potentially stabilizing the price and reversing the downtrend, as Finance Feeds reports.

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Technical indicators reinforce the near-term challenges. The Relative Strength Index (RSI) hovers near 40, indicating weak buying pressure without oversold conditions to attract bargain hunters, as Coinotag notes. Resistance clusters at $2.50 and $2.60 remain formidable, with analysts noting that a break above these levels could invalidate the death cross pattern, as Coinotag notes. However, broader macroeconomic factors—such as China's $13B Bitcoin theft accusations and SoftBank's $5.8B Nvidia exit—have dampened risk-on sentiment, dragging XRP and other altcoins lower, as Crypto News reports.

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Long-term fundamentals, however, present a more nuanced picture. Ripple's recent $500 million fundraise and strategic acquisitions are bolstering its payment infrastructure, while regulatory clarity post-SEC settlement has spurred accumulation, as Yahoo Finance reports. Predictive models suggest XRP could surge past $10 by 2029 if institutional adoption accelerates through ETFs and RippleNet expansion, as The Motley Fool notes. Innovations like XRP Tundra's staking platform, offering up to 20% APY via dual-chain mechanics, are also creating on-chain yield opportunities absent in prior cycles, as Coincoda reports.

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Traders are now balancing short-term caution with long-term optimism. While the death cross and profit-taking pressure suggest a test of $1.90-$2.00 support, ETF approvals and Ripple's ecosystem growth could act as catalysts for a rebound. Market observers urge monitoring of the SOFR-EFFR spread and DXY index, which recently normalized after a liquidity crisis, as further signals of risk appetite shifts, as Yahoo Finance reports.