Analyst warns XRP could fall below $1 after death cross signal
- —XRP printed a 20/50 EMA death cross on October 19 and remains below both averages
- —The prior death cross took XRP from about $1.40 to below $1, a drop of roughly 30%
- —Holding $1.25 could open a rebound toward $1.40; a break lower targets $0.98
- —TD Sequential flashed a buy signal on the 3-day chart; the last three such signals preceded gains of 31%, 24% and 18%
Why it matters: The $1.25 level will decide whether XRP extends losses below $1 or starts recovering toward $1.40.
Source: The Crypto Basic