May 5, 2025

The price of XRP is at risk of a 45% drop to $1.20

Activity in XRP has drastically declined in the last two months, increasing the chances that the price of XRP will drop below the key level of $2 and more.

Key points:

XRP is forming a bearish descending triangle on the daily chart, risking a 45% drop to $1.20.

The decrease in daily active addresses indicates a reduction in transaction activity and liquidity.

A breakout above $2.18 could invalidate the bearish pattern.

The price of XRP

XRP

€1.88

shows warning signs as a bearish technical pattern emerges on its daily chart, coinciding with a decrease in network activity.

The descending triangle of XRP suggests a price drop of 45%

The price chart of XRP has been forming a descending triangle pattern on its daily chart since its surge in late 2024, characterized by a flat support level and a descending resistance line.

A descending triangle pattern on a chart that forms after a strong bullish trend is considered an indicator of bearish reversal. As a rule, the setup resolves when the price breaks below the flat support level and falls as much as the maximum height of the triangle.

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