XRP (CRYPTO: XRP) 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 | (CRYPTO: BTC) | $114,413.52 | $2.27 trillion | -3.8% |
Ethereum | (CRYPTO: ETH) | $3,568.24 | $430.7 billion | -8% |
XRP | (CRYPTO: XRP) | $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.
The MVRV ratio flashed a death cross for $XRP, suggesting a steeper correction could be underway! pic.twitter.com/DDTuDjj6rE
— Ali (@ali_charts) August 3, 2025
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.
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.
Read Next:
Bitcoin, Ethereum, XRP, Dogecoin Continue Relief Rally Off Saturday Lows
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This article XRP Climbs 3% But One Key Indicator Just Flashed A Death Cross originally appeared on Benzinga.com
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