While death cross is bearish indicator, it does not guarantee further declines
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XRP Golden Cross Secured? Hidden Shiba Inu Signal, Bitcoin Crucial $60,000 Resistance ReachedHowever, it is important to note that while the death cross is a bearish indicator, it does not guarantee further declines. Market conditions, investor sentiment and external factors can all influence the price action, potentially counteracting the death cross signal.At the time of writing, XRP was down 0.23% in the last 24 hours to $0.576 and up 30% weekly.
The immediate support levels to watch are the daily moving average 200 at $0.544 and the daily SMA 50 at $0.533. If the XRP price falls below this level, it could trigger further selling pressure, potentially pushing XRP down to $0.432.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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