XRP Price News: Death Cross Risk Builds as Ripple Token Plunges 6%

XRP prices fell 6% to $2.25, breaching a significant trendline and increasing bearish sentiment in the market. This decline was influenced by whale activity, where approximately 900,000 XRP were sold over five days, coinciding with a 15% drop in open interest. Investors are concerned about a potential death cross setup, as momentum indicators suggest a continuation of downward movement. The recent price action confirms a break below the multi-month ascending trendline, establishing lower highs at $2.39, $2.37, and $2.33. Analysts are monitoring the $2.20 support level closely, as failure to maintain this can lead to a deeper retracement towards $2.00 or even $1.85. The market is currently under pressure from significant whale distribution and macroeconomic risks as leveraged positions unwind.

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