
In the tragic tale that is XRP, the plot thickens. A downtrend, which began in the dark corridors of early October, has now blossomed into a full-fledged catastrophe with the 50-day moving average crossing beneath the 200-day mark. How poetic, how typical! A reminder that in the world of technical analysis, nothing is ever as it seems. A long-term momentum shift, once initiated, is rarely an innocent affair. No, this is not a fleeting affair, but a heavy burden upon the asset’s fragile soul. After such events, history teaches us that XRP’s value typically plummets, as traders scuttle for cover and short-term dreamers abandon ship.