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

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The story "XRP price risks 45% decline to $1.20 — Here is why" was covered 12 hours ago by Coin Telegraph, a news publisher based in United States.

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Coin Telegraph 12h ago

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

Quick Summary:

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.

Trading volume increases amid a price decline can be interpreted as profit-taking or repositioning by crypto traders as they wait for XRP’s next move. Popular analyst Dom commented on the increased selling volume, pointing out that “a large amount of market selling over the last week” is why XRP failed to sustain upward moves. Source: DomThis article does not contain investment advice or recommendations.

Onchain data from Glassnode shows that the network's daily active addresses (DAAs) are now far below March's peak. On March 19, the ledger recorded a robust 608,000 DAAs, reflecting high user engagement and transaction activity.