XRP recently showed a 'death cross' on its four-hour chart, sparking concerns among traders amid crypto market volatility.
Crypto Market Overview
Recently, the crypto market faced pressure, with most assets in the red during Thursday's session, except for a few trading in green. Bitcoin and Ethereum saw weekly losses of 6% and 15% respectively. XRP also dropped by 5.04% in the last 24 hours.
Mixed Signals for XRP
Despite current challenges, XRP's value has surged in recent months. The coin is up 383% yearly attributed to a strong Q4 2024. Positive net exchange inflows on Thursday might indicate a selling tendency on the open market.
XRP's Path Forward
As XRP remains above $1.30, immediate resistance is at $2.49 and $2.60. Overcoming these hurdles could reignite positive outlooks, paving the way to the $3 mark surpassed earlier this year.
Under the current market conditions, XRP needs careful monitoring of technical indicators and price dynamics for future development possibilities.
