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Ripple DEATH CROSS Forming! What Does This Mean For XRP?

שורט
BINANCE:XRPBTC   ריפל / ביטקוין
Ripple XRP is currently forming a death cross with it's moving averages (when a lower moving average goes below a higher moving average) which is a very bearish technical indicator. If we were to take a closer look, the RSI is showing resistance at 40 & has already breached this level to the downside (very bearish). This in combination with a lack of buyer volume leads me to believe we will see some downward momentum soon to our next major support level of around 7630 Satoshis.

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