🚨 XRP Price Under Pressure – 4 Key Bearish Signals
XRP is trading around $2.90, nearly 23% below its multi-year peak. Analysts warn the downtrend could extend toward $2.40. Here’s why:
1️⃣ Descending Triangle Breakdown – XRP broke below $2.95 support, risking an 18% drop.
2️⃣ Weak Onchain Activity – Daily active addresses have dropped sharply, signaling cooling demand.
3️⃣ Negative CVD – Profit-taking dominates, sellers remain in control.
4️⃣ Bearish Divergence (XRP/BTC) – Weak RSI despite higher lows points to exhaustion.
With 91% of supply still in profit, more selling could pressure the price further.
👉 Do you think XRP can reclaim $3 support soon, or will it test $2.40 first?