XRP just pulled the ultimate "nope" on technical analysis by pumping 6% right after a death cross formed on its chart.

The fourth-largest crypto by market cap basically told the bearish indicator to take a hike as it bounced from $2.02 back to $2.15.

TA enthusiasts are scratching their heads, while XRP holders are just enjoying the ride.

Death Cross? More Like Wealth Cross

The dreaded death cross showed up on XRP's four-hour chart like an uninvited guest at a house party (insert record scratch noise here). 

For those unfamiliar with technical analysis, that's when the 50 SMA drops below the 200 SMA, supposedly spelling potential doom for the short term price action. 

But XRP clearly didn't get the memo – or maybe it just decided to hit "ignore" on the notification.

Just another reminder that in crypto, even the most bearish signals can turn into the perfect bear trap.

Historical Plot Twist

Turns out XRP has a habit of making death crosses look silly – back in January 2024, XRP pulled the same stunt, marking a bottom instead of continuing down the drain.

Three months after that "bearish" signal, XRP was busy making hodlers happy, not cry over their bags.

History doesn't always repeat, but in XRP's case, it's starting to rhyme like a SoundCloud rapper.

XRP dropped to $2.02 after the death cross formed, looking like it was going to follow the bearish script.

Then the bulls said "not today" and pushed it right back up to $2.19 before settling at a comfortable $2.15.

Meanwhile, the broader market saw $226 million in inflows last week, with XRP grabbing $4.8 million of that action.

Seems like some smart money is buying the dip and helping XRP avoid a bad end in the process. 

The Battle Lines

XRP's immediate hurdle sits at $2.39, where the daily SMA 50 is playing tough bouncer.

If it can push past that, the big psychological $3 mark is the next target that would really get the party started.

On the flip side, $2 is the level to watch – if that breaks, we could see XRP visit $1.77 or even $1.27 in a worst-case scenario.

But right now, bulls seem more interested in buying than bears are in selling.

Technically Looking Great

Technical indicators like death crosses are basically just looking in the rearview mirror while trying to drive forward.

The Fed's moves and macro uncertainty are still the real puppet masters pulling strings across all markets.

XRP's recent middle finger to TA reminds us that in crypto, narrative often trumps indicators.

Sometimes the market does exactly what everyone expects – and sometimes it does the complete opposite just to keep things interesting.

The Ripple Effect

XRP is consolidating near critical levels that will determine whether the bulls or bears take the wheel next.

With the death cross apparently failing as a reliable signal, traders are now watching actual price action instead of lagging indicators.

The rest of the crypto market is taking notes – when XRP moves decisively, it tends to drag other altcoins along for the ride.