$XRP

XRP has formed a bearish descending triangle on the daily chart. If the support level fails, it may drop 45% to $1.20.

The price struggles to maintain above the 50-day moving average of $2.18. If the closing price falls below $2.06, it may drop to $2.00 or lower. A breakout above $2.18 would invalidate the bearish pattern and could push XRP towards $3.00.

The daily active addresses in March dropped sharply from 608,000 to around 30,000 in May, indicating a decrease in user engagement.