Ripple Shifts $283M in XRP as ’Death Cross’ Looms—Is a Drop to $2 Inevitable?

Ripple just moved a staggering $283 million worth of XRP—triggering alarm bells as a dreaded ’death cross’ technical pattern forms. Traders are bracing for impact, with some predicting a plunge to $2.

Market watchers are split: is this a strategic play by Ripple or the start of a deeper correction? The crypto crowd loves a good doomsday narrative—especially when Wall Street ’experts’ start sweating over their charts.

One thing’s certain: in crypto, even the grim reaper wears a Lambo. Buckle up.

Will XRP Price Fall to $2?

Despite the bullishness in the community, xrp price continues to tumble since mid-May. XRP ETF approval odds, inclusion of XRP in the US strategic reserve, and companies buying XRP as a reserve asset were among factors behind the bullish sentiment.

XRP price currently trades at $2.17, moving sideways over the past 24 hours. The 24-hour low and high are $2.13 and $2.19, respectively. Furthermore, the trading volume has increased just 4% in the last 24 hours, indicating a muted interest among traders amid tariff concerns.

XRP price has formed a ‘death cross’ pattern in the daily timeframe. This forms when the 50-SMA (blue) crosses below the 200-SMA (red), indicating a weakening market trend. Other indicators, including Bollinger bands and exponential moving average (not shown here), also hinted at a likely fall in prices.

Moreover, RSI is at 40 and continues to move NEAR the oversold zone. However, traders may buy the dip if the market condition improves after tariff fears fade.

XRP price rise was driven mainly by Leveraged positions, signaling increased risk in the market. “This could eventually present a good shorting opportunity, provided it’s carefully managed,” as per CryptoQuant.