Is XRP Defying the Lies of the ‘Death Cross’? Find Out! 👀

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Well, folks, if you thought the skies were falling, hold your horses. XRP, that fancy little cryptocurrency, got itself a shiny new death cross on its hourly chart—not that it seems to care much. It’s like a cautionary tale Mother Nature told us: “Go ahead, cross your short-term average below the long-term one, I dare ya.” And yet, wouldn’t you know, the damn thing refuses to go down without a fight! 🎩🤨

Now, for those who don’t speak Wall Street wizardry, a death cross is what folks call it when the short-term moving average (that’s the 50-day — or whatever they call it this week) crosses beneath the long one (the 200-day, if they still remember what it’s called). Sounds like doom, doesn’t it? Like the “Curse of the Crypto” or some such. It’s supposed to mean things are about to go south faster than a pig at a county fair. And sure enough, global markets started slippin’, with nearly a billion bucks in leverage getting wiped out faster than a politician’s promises. 💸💥

For four whole days, XRP was ridin’ high, sneaking up to $2.28 on June 3, only to take a nasty tumble down to $2.06 on Thursday—like a toad falling out of a tree. The smart money bet on it sinking, but lo and behold, XRP decided to turn the tables and give the bears a swift boot to the backside. That’s right, the little crypto that could, staged a comeback and has been in the green for seven out of the last eight hours. Ain’t nature funny? 🐻🚫

Hold onto your hats, the bulls are still fussing over key levels

Even though XRP’s trading just a hair below, down 0.67% in a day to $2.18, it’s managed to crawl back from the depths of $2.08 early Friday. Not too shabby for a thing that’s supposed to be dead—again! And get this, the week’s losses are almost gone, up a smidge to 0.02%. Just proves these bulls aren’t done yet, and neither is that stubborn support level. It’s like watching a cat refuse to admit it’s old. 🐱💪

The quick bounce-back caused trade volumes to skyrocket 73.9%, hitting a whopping $3.5 billion in a day—enough to make a banker’s hat spin! Traders are now biting their nails, watching if XRP can stay above those recovery levels or leap higher. A sneaky break above $2.17 and $2.19 (that’s the hourly moving averages, if you’re keeping track) might just turn this game around and send XRP on a lark up the hill. 🚀🎢

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2025-06-06 18:58