$XRP

XRP, the fourth largest cryptocurrency, has flashed its first bearish signal of the year, with a death cross emerging on the cryptocurrency’s hourly chart.

The death cross signal, which occurs when the 50-hour moving average crosses below the 200-hour moving average, suggests potential downward momentum. This development comes amid a broader market sell-off that has seen $482 million in liquidations over the last 24 hours, per CoinGlass data.

The death cross pattern on XRP’s hourly chart is the first such occurrence in 2025. It might indicate that short-term bearish pressure may be building up after upward momentum at the very start of 2025.

Previously, XRP had shown bullish indications, with golden cross patterns appearing on both the one-hour and four-hour charts. A golden cross occurs when the 50-period moving average crosses above the 200-period moving average, indicating potential upward momentum. However, the recent formation of a death cross on the hourly charts raises concerns about XRP's short-term price momentum.