XRP Death Cross: Price Slumps Below Key Resistance Level

The price of XRP has been declining for four consecutive days, hitting a low of $1.11 on Friday.

This downturn follows a rally that saw XRP reach a high of $1.29 on June 15, before facing selling pressure and resulting in a short-term 'death cross' on the hourly chart.

The cryptocurrency's price is currently trading at $1.14, up 1.24% in the last 24 hours, but still below its key resistance level of $1.29.

If XRP can break above this level, a potential target of $2 may be within reach, while falling further could lead to support at $1.