Death Cross Risk Builds as Ripple Token Plunges 6%

XRP extended its decline on Tuesday, falling 6% to $2.25 as whale selling and a clean trendline break accelerated downward momentum. The move, combined with a 15% drop in open interest, keeps the pressure on the bulls ahead of an impending death cross setup and a retest of key $2.20 support.

What to know

• XRP fell from $2.39 to $2.25 (-6%), confirming a break below the multi-month uptrend line.
• Whale wallets unloaded ~900,000 XRP in five days
• Open interest fell ~15% as leveraged longs unwound
• Volume spiked to ~193.7M during breakdown period
• Lower-high structure now set at $2.39 → $2.37 → $2.33

News Background

The selloff traces the persistent distribution of whales since late October, with major holders shedding positions after repeated failures above the 200-day moving average. Macro risk also rose across risk assets as open interest compressed in the majors, suggesting that deleveraging – not the flow of panic selling – drove Tuesday’s move. Analysts are pointing to an imminent death cross setup as momentum indicators shift decidedly lower, while some positioning desks have signaled offers near $2.20 as the next liquidity stock for potential stabilization.

Summary of Price Action

• Inability to claim $2.37–$2.39 supply area
• Signaling distribution of progressive highs and lows
• Trendline violation triggered accelerated algo selling
• Volume surged ~87% versus 24-hr average during the break
• Session low printed at $2.24 before modest recovery bid at $2.25

Technical analysis

• Trend: Breakdown from rising structure, bearish momentum
• MAs: 50-day MA curling down towards 200-day → death-cross risk
• Support: $2.25 short-term basis; $2.20–$2.00 psychological layer; deeper pocket towards $1.85
• Resistance: $ 2.37-$ 2.39 zone remains the dominant supply wall
• Volume: Expansion confirms distributions; end-of-session exhaustion suggests a short break

What traders are looking for

• Either $2.20 absorbs selling pressure or cracks at $2.00
• Confirmation (or fade) of the death-cross installation
• Stabilization Open-interest after 15% flush
• The behavior of the whale wallet after ~ 900K tokens dumped
• Reclaim of $2.37–$2.39 range as the limit of invalidation of the bull