Date: 2025-04-05
XRP (XRP) price has plunged more than 35% since reaching a multi-year high of $3.40 in January — and the downtrend may deepen in April as new bearish signals emerge. Let’s examine these catalysts in detail.XRP nears a classic technical breakdown XRP's recent price action is flashing a classic bearish reversal signal dubbed “inverse cup and handle formation.”The inverse cup and handle is a bearish chart pattern that signals fading buyer momentum after an uptrend. It resembles an upside-down teacup, with the “cup” marking a rounded decline and the “handle” forming after a brief consolidation. Inverse cup-and-handle pattern illustrated. Source: 5PaisaA break below the handle’s support typically confirms the pattern, often leading to a drop equ...
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