🎢 XRP is "swinging" like a roller coaster!

$XRP is currently trading around $2.91, quite a distance from the peak of $3.66 in July. And if the technical indicators aren't lying, the $2.40 level could be the next destination - which means an additional drop of 18%! 😅

Why is XRP feeling "down" like this?

⚠️ Descending triangle: This pattern signals a rather negative outlook

📉 XRP/BTC bearish divergence: RSI fell to 43 from 75, indicating exhaustion

💔 Network activity sharply decreased: Down 13.47% in the last month, from 608k active addresses to just 33k

📊 Negative CVD: Sellers have been dominating since the end of July

What's the good news?

With over 91% of the supply still profitable at the current price, this might be a buying opportunity for those who believe in the long-term future! 🤞

Conclusion: XRP is in a "test of patience" phase for holders. If it can maintain the $3.00 level, it may retest $3.42. If not... well, $2.40 is waiting!

Reminder: This is just analysis, not investment advice. DYOR, everyone! 📈