XRP is currently showing signs of a potential 20% price drop to $1.70, following an inverted V-shaped correction pattern on the daily chart. After reaching a peak of $2.65, XRP has traded 18% lower and bears have taken profits, leading to a significant correction. The relative strength index (RSI) has decreased from 68 to 41, indicating increasing downward momentum. Additionally, a bearish divergence in the weekly RSI suggests a weakening uptrend, prompting potential sell-offs. Analysts indicate that XRP could meet resistance in the $2.50 to $2.65 range, further pressuring its price. Network activity has also declined, with daily active addresses dropping dramatically, signaling reduced transaction activity and diminishing demand. Only 31,200 daily active addresses were reported, compared to 608,000 in March, suggesting a declining interest in XRP. This reduction in network adoption may lead to stagnant or declining prices in the near future.

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