XRP in the last 24 hours rebounded from $2.15 to over $2.17 as the asset signals a growing recovery in the market space. Despite this development, XRP’s death cross remains at play and is expanding as the MA Cross indicator teases.
XRP's volume declines undermine price action
CoinMarketCap data shows that investors have pulled back from transacting XRP within this period. The trading volume has suffered a massive 49.55% decline to $1.74 billion.
This suggests that the slight price increase could have been triggered by speculative news about XRP and not substance-driven. More market participants might have been interested if volume had aligned with the price increase.
However, XRP’s death cross, confirmed in late May, appears to affect the asset still. Notably, the death cross is a bearish technical pattern that suggests a potential decline in price due to weakening short-term momentum.
XRP’s recent 1.58% price increase might be considered a short-term recovery, as volume has stayed in the red zone. Additionally, XRP must break out above critical resistance levels such as $2.40 and $2.50.
If the asset can find stability above $2.50, it could help invalidate the bearish death cross that has kept it below $2.30 since the last days of May 2025. As of this writing, XRP was trading at $2.18.
Bullish sentiment builds despite price resistance
Despite XRP’s current performance, community sentiments remain bullish. Many anticipate that XRP could still break out in a pattern similar to its 2017 cycle. These optimists are convinced that XRP is consolidating and could break out at another mega rally soon.
XRP veterans predict this upward movement could occur in the next three or four weeks. However, for this to happen, XRP needs stability above $2.50.
XRP chart analysis shows that the asset needs to break the $2.20 resistance zone and above it to avoid slipping below the $2 level again. How XRP manages this will interest investors and the broader market.
