The XRP price chart indicates a bearish descending triangle pattern, suggesting a potential 45% drop to $1.20. This pattern has formed as XRP struggles to maintain positions above key moving averages, including the 50-day SMA at $2.18. If XRP closes below this level, it may plummet to $2.00 and potentially as low as $1.20 by the end of May if support levels fail to hold. A breakout above $2.18 would invalidate this bearish pattern. Additionally, XRP has seen a significant decline in daily active addresses, dropping to around 30,000 from over 608,000 in March, which reflects reduced user engagement and transaction activity. This reduction in network activity could lead to price stagnation or decline. Despite a recent 1.17% drop in price, trading volumes have increased, hinting at profit-taking by traders as they anticipate XRP's next move.

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