XRP formed a golden cross pattern on the four-hour chart, indicating a potential shift in momentum toward the upside despite recent weak price action. The short-term 50-day moving average crossed above the 200-day moving average, a pattern commonly associated with bullish trends by traders. However, the price did not follow this pattern, resulting in a noticeable divergence in market behavior.

XRP traded near $1.33 after dropping over 3% during the past day, reflecting a pullback from its recent high close to $1.39. The price failed to maintain momentum above the $1.40 level, as selling pressure increased sharply. Consequently, repeated rejections at this resistance level prevented any sustainable upward movement.

Decline in trading volume amid market pressures
Trading activity decreased with volume dropping over 14%, indicating reduced participation during the price decline. Additionally, the overall cryptocurrency market experienced a downturn, further pressuring XRP’s short-term outlook. The decline in Bitcoin’s price contributed to broader weakness, impacting many major altcoins.