The cryptocurrency XRP faces a potential price decline, according to recent analyst data. The current situation indicates a possible drop to $2.40.
XRP Chart Analysis
Data shows that XRP is trading 23% below its multi-year peak of $3.66. A descending triangle pattern indicates a bearish outlook, suggesting that further declines may occur. The price has broken below the support line at $2.95, which could lead to a drop towards $2.40.
Declining Network Activity
The XRP Network has seen a significant decline in activity compared to Q1 2025. Currently, there are only around 33,000 active addresses, a sharp drop from peak values of 608,000 and 577,134 in March and June, respectively. This decline in transaction volume may reflect a decrease in investor interest.
General Market Sentiment
Analysis of the 90-day cumulative volume delta indicates increasing selling pressure on the market, which could extend the downward trend further. With more than 91% of investors still in profit, profit-taking could contribute to further price declines.
Given the declining network activity and bearish signals in XRP charts, the cryptocurrency is at risk of continuing its descent. Investors should pay close attention to the current situation and adjust their strategies accordingly.
