XRP Climbs 3% But One Key Indicator Just Flashed A Death Cross

by Khyathi Dalal Benzinga Staff Writer

Zinger Key Points

XRP Ledger processed 70 million transactions in a month as Ripple CTO unveils a new independent infrastructure project to strengthen XRPL.
A trader spots a death cross on XRP’s chart, hinting at a possible deeper correction.
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XRP XRP/USD is up 3% on the day but technical indicators suggest traders should tread with caution in the near term.

Cryptocurrency	Ticker	Price	Market Cap	7-Day Trend
Bitcoin	BTC/USD	$114,413.52	$2.27 trillion	-3.8%
Ethereum	ETH/USD	$3,568.24	$430.7 billion	-8%
XRP	XRP/USD	$2.99	$177.5 billion	-7.4%

Trader Notes: Crypto analyst Ali Martinez flagged the MVRV ratio flashing a death cross on XRP's chart, suggesting bearish pressure could intensify.

Trader Henry noted that XRP is forming its largest bullish pennant to date, maintaining support with a series of green candle closes, often a sign of building momentum. A breakout targeting $4 could be imminent, he added.

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Community News: Ripple CTO David Schwartz announced that he is launching a new independent infrastructure project for the XRP Ledger.

He will personally manage a standalone server that functions as a high-quality hub, designed to support validators on the Unique Node List, as well as other hubs and XRPL-based applications.

Schwartz emphasized that this dedicated hub would improve network resilience and efficiency, further strengthening the XRPL ecosystem.

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