XRP Faces Death Cross on Hourly Chart as Trading Volume Rises 31%
Analysis
Price Impact
MedThe death cross on the hourly chart is a bearish technical indicator suggesting a short-term downtrend. however, the rising trading volume and the fact that it's on the hourly chart temper the impact, as longer-term indicators and overall market sentiment will play a larger role.
Trustworthiness
MedThe article references technical indicators (death cross, smas) and trading volume data, which are standard analysis tools. however, the broader market context for altcoins struggling and the mention of potential major moves can introduce speculation. the claim that 38% of altcoins are near all-time lows needs further independent verification.
Price Direction
BearishThe formation of a death cross (50 sma below 200 sma on the hourly chart) is a bearish signal indicating a potential short-term decline. the article also notes that bears might return to the driver's seat on a close below $1.11.
Time Effect
ShortThe death cross occurred on the hourly chart, which is a short-term timeframe. while it suggests potential immediate downward pressure, its long-term impact will depend on how the market reacts and whether the trend reverses on higher timeframes.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. XRP has formed a death cross on the hourly chart as markets consolidate ahead of a major move. Advertisement The 50 SMA on the hourly chart has fallen below the MA 200, indicating a "death cross." At the time of writing, XRP was up 0.78% in the last 24 hours to $1.34 and up 1.52% weekly. The market is seeing mixed trading action on Tuesday, with a handful of crypto assets trading in red, while some traded in green. HOT Stories XRP Vampirized by Leverage-Driven Pump; Bitcoin Extends 18% Gains vs. Silver; Binance Lists 5 Major Pairs, Litecoin and Zcash Too: Morning Crypto Report 'Seems Important': Ripple CTO Emeritus Reacts to DTCC News XRP/USD Hourly Chart, Image By: TradingView Trading volumes slightly rose for major cryptocurrencies, including XRP, increasing 34% in the last 24 hours to $3.44 billion. Advertisement XRP broadly stayed in sideways trading between $1.11 and $1.67 since the start of February, indicating a tough battle between the bulls and the bears. You Might Also Like Tue, 03/03/2026 - 14:12 XRP Price Decouples From Bitcoin as Volume Jumps 24% By Godfrey Benjamin Buyers might need to close above $1.67, which is the resistance of the current range to gain control. If this is done, XRP may rally to the 50-day SMA at $1.61 and, after that, to $1.70. Advertisement On the other hand, if the XRP price turns down from current levels, it might indicate that the sideways trading may continue further. The bears might return to the driver’s seat on a close below $1.11, which clears the path for a drop to $1. Altcoins continue to struggle Altcoins continue to struggle within the crypto market — even more so since the Oct. 10 event. You Might Also Like Tue, 03/03/2026 - 13:58 Altcoins Bleed: 38% Hit Multi-Year Lows in Cycle's Worst Dip Post-FTX Crash By Tomiwabold Olajide According to CryptoQuant, 38% of altcoins (alternative cryptocurrencies apart from Bitcoin) are near all-time lows, with the recent drop worse than the post-FTX period. Altcoins remain at historically weak levels as the trend across the market has remained fairly negative in recent months. Since early October, total market capitalization (excluding BTC and stablecoins) has experienced a drawdown. Currently, liquidity on the market remains thin, with investors remaining cautious. A silver lining is present in that in this type of scenario, when market conditions worsen, opportunities also begin to emerge. #XRP News #XRP Price Prediction #XRP