XRP Forms 'Death Cross' as Crypto Market Liquidates $515 Million

Edgen Crypto

·Feb 28 2026, 11:22

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Key Takeaways

A bearish technical pattern known as a 'death cross' has appeared on XRP's hourly chart, signaling potential for further price declines. The event coincided with a significant market-wide sell-off that wiped out hundreds of millions in leveraged positions, amplifying negative sentiment.

A 'death cross' formed on XRP's hourly chart on February 28, 2026, as its 50-hour moving average fell below its 200-hour moving average.
The technical event occurred during a broad crypto market downturn that triggered $515 million in liquidations.
The combination of the bearish signal and market-wide weakness suggests increased selling pressure and downside risk for XRP.

XRP Chart Flashes Bearish 'Death Cross' Signal

On Saturday, February 28, 2026, the chart for XRP formed a "death cross" on the hourly timeframe, a widely-watched bearish technical indicator. This pattern materializes when a shorter-term moving average—in this instance, the 50-hour MA—crosses below a longer-term one, such as the 200-hour MA. Traders typically interpret this crossover as a sign of weakening momentum and a potential shift toward a sustained downtrend.

Market Sell-Off Triggers $515 Million in Liquidations

The bearish signal for XRP did not emerge in isolation. It developed as the broader cryptocurrency market experienced a sharp downturn, triggering $515 million in total liquidations early Saturday. These large-scale liquidations, which involve the forced closure of leveraged trading positions, often exacerbate price declines by creating a cascade of forced selling. The confluence of a specific bearish indicator for XRP and a weak overall market environment points to heightened downside risk and the potential for continued selling pressure on the asset.