Is XRP price going to crash again?
XRP's price has seen a decline of 4% recently, trading as low as $3.02. Technical analysis indicates a potential breakdown of a symmetrical triangle formation, which may lead to a drop to the $2.50 support level, representing an 18% decrease. This aligns with previous price action patterns observed in early 2025. Simultaneously, the number of active XRP wallets has decreased significantly, suggesting profit-taking among holders. Despite these bearish indicators, XRP could still be within a bullish continuation pattern, as it trades in a descending channel with critical support at $3.30. A breakout above this could drive prices towards an upside target of approximately $4.60, indicating potential for recovery. Overall, the market sentiment leans bearish, but the possibility of a rebound remains if key support levels hold.
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