XRP is displaying a bearish descending triangle on its daily chart, indicating a potential 45% drop to $1.20 if the current trend continues. The formation, characterized by a flat support level coupled with a downward-sloping resistance line, suggests that a breakdown below the support could lead to significant price declines. XRP is currently struggling to stay above the critical 50-day simple moving average at $2.18, which signals a bearish outlook. A close below the key support levels at $2.06 could push the cryptocurrency down further, with $2.00 being a psychological support point. The network has also seen a sharp decline in daily active addresses, falling significantly from a peak of 608,000 in March 2025 to around 30,000, indicating reduced user engagement. This reduction typically foreshadows liquidity issues that could further impact price. Conversely, a breakout above $2.18 could invalidate the bearish outlook and set XRP on a path toward $3.00. In the last 24 hours, XRP has seen a slight drop of 1.17%, although trading volume has increased 30% to $2 billion, suggesting market repositioning or profit-taking by traders.

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