# XRP May Experience a 50% Decline: Here’s the Explanation
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Now, let’s delve into the assessment. Despite the fact that things may not appear so bleak on longer durations, XRP, the third biggest cryptocurrency, may be in for a difficult period.
Presently, the price curve reaches $1.11, but XRP is trading marginally under $2.30.
Assuming this to be true, it may imply that the price of XRP will decrease, and the chart suggests a potential drop of up to 50%, with the 200-day moving average potentially serving as support.
The well-known cryptocurrency XRP could experience a significant 50% crash from its recent price decrease. While not guaranteed, as nothing is in this market, this possibility at least suggests that a death cross pattern has emerged on the XRP price chart within a two-day timeframe.
As an illustration, on the daily chart, XRP’s 200-day moving average stands at $1.66, which is 26.27% less than the current price. On the weekly chart, XRP recently examined the 23-day moving average around $2 and experienced a substantial rebound of 18.84%.
What is occurring is that the 23-day moving average intersects the 50-day moving average from top to bottom, creating a death cross – a negative pattern viewed as a somber occurrence preceding a price adjustment.
From one perspective, this specified two-day timeframe is fairly narrow, and further investigation might be necessary to create solid judgments. Although the modification might not be as significant as 50%, there is yet potential for a decrease. Conversely, XRP continues to appear incredibly pessimistic in different periods. Crypto Magnate’s $AUCTION Token Collection Ends in $3.76 Million Income
