An hourly death cross formed on XRP as the 50-hour MA fell below the 200-hour MA during a broad market sell-off. XRP fell ~8.07% over 24 hours and ~11% on the week, with over $515 million liquidated in 24 hours and roughly $128 billion removed from total crypto market cap (CoinGecko). A hotter-than-expected 0.5% jump in producer prices contributed to risk-off sentiment. Technical support is noted at $1.11, RSI is deeply oversold at 18 (raising the possibility of a relief rally), and resistance levels are $1.67 and $2.27. The story also mentions Flare’s new Smart Accounts for on-chain XRP yield and an XRPL Foundation postmortem about a signature-validation bug in a batch amendment (voting phase only, no funds at risk).

Bearish technical and market drivers: hourly death cross (50-hour MA < 200-hour MA), ~8.07% 24h and ~11% weekly price declines, >$515M liquidated in 24h and ~$128B removed from total crypto market cap, and a 0.5% PPI upside fueling risk-off. Oversold RSI (18) and listed support/resistance are factual context but do not negate immediate downside pressures. Flare Smart Accounts and XRPL postmortem are noted but were not presented as immediate bullish offsets.