XRP chart shows a familiar trend ahead of January events
with the MA 50 crossing below the MA 200, a warning that most experts regard as a bear market indicator."Death crosses" are considered a lagging indicator because, most of the time, the market is oversold by the time the crossover occurs.
The good news is that previous XRP"death crosses" have signaled major or intermediate price bottoms. Previous occurrences, such as those in early February 2021 and July 2021, have caused the price of XRP to climb afterward. The one in July 2021 resulted in a 141% increase in the price of XRP, reaching highs of $1.22 in mid-August.in the Ripple-SEC lawsuit is slated to end on Jan. 14, 2022. The parties have revealed a total of 16 expert witnesses as part of the discovery process.