XRP has formed a new hourly death cross as the short-term moving average fell below the longer-term MA, signaling short-term bearish momentum. The $3 level is now key: sustained holds above $3 could restore bullish momentum toward $3.18–$4, while failure may extend short-term downside.
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Death cross observed on the XRP hourly chart
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Four‑hour goldencross earlier contrasted with the hourly sell signal; price dipped from $3.187 to $2.95 before a rebound.
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Key data: intraday low $2.95, recent high $3.187; watch $3.00 (daily SMA 50) as short‑term support/resistance.
XRP death cross signals short‑term bearish momentum; watch $3 as critical support. Stay updated for ETF launch and Fed decision. Read more.
What is the XRP death cross on the hourly chart?
The XRP death cross on the hourly chart is a technical signal where a short‑term moving average (e.g., 50 MA) crosses below a longer moving average, indicating short‑term bearish momentum. This hourly death cross followed a prior four‑hour golden cross and coincided with an overbought pullback.
How did XRP move before the hourly death cross appeared?
XRP rallied for six days from Sept. 6 to hit a recent high of $3.187 on Sept. 13. That rally produced a four‑hour golden cross, noted in market commentary by TradingView and COINOTAG (plain text). After reaching the high, overbought conditions triggered a two‑day decline to $2.95 on Sept. 15, before a modest rebound to around $3.03 at press time.
XRP/USD Hourly Chart, Courtesy: TradingView
Why is the $3 level important for XRP?
$3 aligns with the daily SMA 50 and has acted as both a short‑term support and resistance level. Bears pushed XRP below $3 in recent sessions, preventing a clean flip to support. The market’s ability to hold above $3 will likely determine whether bulls can retarget $3.18, $3.38 and $3.66 before aiming for $4.
When could momentum change for XRP?
Momentum may shift if XRP sustains a close above $3 on higher volume or if macro catalysts change market bias. Traders will watch the upcoming Fed interest rate decision on Sept. 17 and the expected REX‑Osprey XRPR ETF launch this week for potential volatility and flows into XRP products.
Frequently Asked Questions
What does a death cross mean for short‑term traders?
A death cross signals increased short‑term downside risk as short moving averages fall below longer ones. Traders often tighten stops or reduce long exposure during hourly death crosses and look for confirmation on higher timeframes.
Can the four‑hour golden cross negate the hourly death cross?
Yes. Higher‑timeframe bullish signals like a four‑hour golden cross can limit the impact of an hourly death cross, creating mixed bias. Traders typically give more weight to longer timeframes for trend confirmation.
Key Takeaways
- Hourly death cross: Indicates short‑term bearish momentum after a pullback from $3.187.
- $3 watch: The daily SMA 50 near $3 is critical for near‑term support or resistance.
- Market catalysts: Fed decision (Sept. 17) and the expected REX‑Osprey XRPR ETF launch may drive volatility.
Conclusion
Short‑term technicals show a new hourly XRP death cross against the backdrop of a prior four‑hour golden cross and a recent swing high of $3.187. Traders should watch the $3 level and upcoming macro and product catalysts for confirmation. Monitor price action and volume for signs of a sustainable bullish reversal.
