XRP is nearing the formation of a ‘death cross’ pattern, which previously led to a significant decline in value during 2021. This technical indicator suggests a potential downturn for the cryptocurrency. Experts are expressing concerns regarding several risk factors that could exacerbate this situation. Among these risks are a declining burn rate and increased insider selling, both of which could negatively impact XRP’s market performance. The re-emergence of the death cross pattern has raised alarms in the trading community, as it often signals bearish trends. Investors are advised to monitor these developments closely, as historical patterns may provide insights into future price movements.
