XRP is currently trading around $2.43 following a slight rebound from its recent lows. Despite this modest recovery, various technical indicators are signaling a cautious outlook for the cryptocurrency. Momentum has notably weakened across both weekly and monthly timeframes, leading traders to closely monitor the impending formation of a “death cross.” This bearish pattern occurs when the 50-day moving average dips below the 200-day moving average, suggesting potential further declines.
As of November 11th, XRP”s price dynamics appear fragile. Although the token experienced a brief lift from the low-$2.30s, overall performance reveals a significant loss of trend strength over the preceding month. A decline in trading volume has been observed, with liquidity shifting towards stronger performers such as Solana, Ethereum, and high-beta assets in the AI and meme categories. Current technical metrics indicate tightening conditions: the Relative Strength Index (RSI) remains in neutral territory, volatility bands have narrowed, and the Moving Average Convergence Divergence (MACD) momentum shows signs of flattening.
The convergence of the 50-day and 200-day moving averages has become a central focus for traders, who are eager to pinpoint the next significant trend signal for Ripple (XRP). For a bullish scenario to materialize, XRP needs to sustain support within the $2.35 to $2.38 range, which has previously acted as a stabilization point. A breakout above $2.50 would serve as the initial indicator that buyers are reasserting control, potentially paving the way toward $2.60 to $2.70.
On the flip side, the potential confirmation of a “death cross” could catalyze a more pronounced bearish phase, particularly in light of the current low trading volume and diminishing on-chain engagement. Should XRP fall below the $2.35 mark, the likelihood of a deeper retracement toward $2.20 significantly increases, a level where buying interest has previously emerged. Furthermore, if broader market sentiment deteriorates—especially in the context of rising Bitcoin dominance or macroeconomic factors—the ability of XRP to find stable buying pressure may be compromised. A decisive decline under $2.20 could expose deeper support levels around $2.05 to $2.10.
In summary, the immediate trading range for XRP lies between $2.35 and $2.50, with the market standing by for direction. Sustaining support above $2.35 keeps recovery prospects toward $2.50 alive, while reclaiming that level could initiate a rally toward $2.60 to $2.70. Conversely, a loss of the $2.35 support would shift the broader outlook for XRP to a more cautious stance, as technical indicators continue to hint at a possible correction unless buyers manage to reclaim critical resistance levels.
