XRP price forms a death cross, how low can it go?

The recent confirmation of a death cross in XRP's price chart highlights a significant bearish trend in the cryptocurrency market. XRP has experienced a 7% drop in the last 24 hours, mirroring the overall risk-averse sentiment affecting major cryptocurrencies, including Bitcoin, which has also faced declines. Notably, while XRP's bearish pattern raises questions about its future price trajectory, some analysts suggest that a bullish close in the XRPBTC pair could provide momentum for a potential rebound towards the $2.75 resistance level. However, the prevailing market sentiment remains cautious, indicating that further declines could be possible.