XRP, the fourth largest cryptocurrency, has recently shown a technical signal called a death cross on its hourly chart. This pattern indicates bearish momentum, with the short-term moving average crossing below the longer-term moving average. While this signal suggests potential downward trends, it is important to consider other technical and fundamental factors. XRP's price drop coincided with the Crypto Summit, and it is currently trading at $2.31. An analyst suggests that XRP is consolidating within a symmetrical triangle, and a breakout could lead to a 23% price move. If buyers drive the price above $3, XRP may gain momentum and potentially reach $3.40 or even $5. However, if the decline continues, XRP could fall to $2.20 or even retest support at $1.79 or $1.60.



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