XRP price risks 45% decline to $1.20 — Here is why

Date: 2025-05-05

Key takeaways:XRP forms a bearish descending triangle on the daily chart, risking a 45% drop to $1.20.Declining daily active addresses signal reduced transaction activity and liquidity.A breakout above $2.18 could invalidate the bearish pattern.The XRP (XRP) price flashes warning signs as a bearish technical pattern emerges on its daily chart, coinciding with declining network activity. XRP descending triangle hints at 45% price dropThe XRP price chart has been forming a descending triangle pattern on its daily chart since its late 2024 rally, characterized by a flat support level and a downward-sloping resistance line.A descending triangle chart pattern that forms after a strong uptrend is seen as a bearish reversal indicator. As a rule, t...

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