An hourly death cross has emerged on XRP‘s chart as the crypto market deepened losses early Saturday. The 50 MA on the hourly chart has fallen below the 200 MA, indicating a death cross.

Cryptocurrencies and crypto-related stocks fell alongside a broader risk-off move in markets, with XRP trading in the red.

At the time of writing, XRP was down 8.07% in the last 24 hours, extending its weekly losses to nearly 11%. The recent losses pushed most altcoins into the red on a weekly basis, erasing an outperformance that had been an encouraging signal.