XRP faces potential death cross as price slides 8% in a week

XRP has fallen 8.4% in the last week, primarily due to apprehensions about CME futures leading to price manipulation. Trading below $2.50 for four consecutive days highlights the asset’s vulnerability to declines toward support at $2.30 or $2.07.

Technical indicators such as the RSI and Ichimoku Cloud show weakening momentum for XRP. Analysts indicate that if short-term EMAs fall below long-term EMAs, a death cross may trigger a bearish trend unless XRP can exceed resistance at $2.449.