XRP Creates New Death Cross, Monitor $3 Level as Key!

Jakarta, Pintu News – The cryptocurrency market was recently abuzz with the formation of a death cross by Ripple on its hourly chart, signaling a potential further decline. This phenomenon occurs when a short-term moving average, such as the 50 MA, falls below a long-term moving average.

This coincided with mounting selling pressure in the market, despite Ripple (XRP) showing bullish signals on its four-hour chart some time ago.

Death Cross Explanation and Its Impact

The death cross that occurred on Ripple (XRP) is a bearish indicator that cannot be underestimated. This comes after Ripple (XRP) recorded six consecutive days of gains from September 6 to 13, peaking at $3.187.

However, overbought conditions caused Ripple (XRP) to start losing its momentum. After reaching the peak, Ripple (XRP) experienced a decline for two consecutive days, dropping from $3.187 to $2.95 before rebounding slightly. This decline marked a change in sentiment in the market from bullish to bearish, as a death cross appeared on the hourly chart of Ripple (XRP).

Also Read: 5 Reasons Bitcoin Allocation on Wall Street Will Explode by the End of 2025

Level $3 is the main focus

The $3 level has now become very critical for Ripple (XRP) after it managed to close below the 50-day SMA in the last few sessions. Although the bears managed to pull the price below this level, the bulls have not given up and continue to try to restore the position above $3.

At the time of writing, Ripple (XRP) has gained 1.11% in the last 24 hours to $3.03. The market seems to be reacting ahead of the Fed’s interest rate decision to be announced on September 17. If Ripple (XRP) can maintain its position above $3 and turn it into support, it could trigger bullish momentum to target higher levels such as $3.18, $3.38, and $3.66.

Launch of REX-Osprey XRPR ETF

In an encouraging development, the expected launch of the REX-Osprey XRPR ETF will happen this week. This ETF is expected to provide a new investment alternative for investors who want to get involved in the Ripple (XRP) market without having to own the crypto asset directly.

The launch of this ETF might also give a positive boost to Ripple (XRP), especially if the ETF is well received by the market. This could be the catalyst that helps Ripple (XRP) maintain its position above $3 and even push it to higher price levels.

Conclusion

With the ever-changing market dynamics, investors and market watchers should continue to monitor the movement of Ripple (XRP), especially considering the significant influence of technical indicators such as death cross and golden cross. The upcoming Fed decision is also expected to provide more clarity regarding the future direction of the market.

Also Read: Maartunn Analyst Says December 2024 Crypto Market Pattern Repeats, What Does It Mean?

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. XRP Just Created a New Death Cross: 3 Levels to Watch Now. Accessed on September 17, 2025