Source: Cointelegraph.com NewsKey takeaways:<\/p>\n
XRP forms a bearish descending triangle on the daily chart, risking a 45% drop to $1.20.
\nDeclining daily active addresses signal reduced transaction activity and liquidity.
\nA breakout above $2.18 could invalidate the bearish pattern.<\/p>\n
The XRP (XRP) price flashes warning signs as a bearish technical pattern emerges on its daily chart, coinciding with declining network activity.\u00a0 Source: Cointelegraph.com NewsKey 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.… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128617"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128617"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128617\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128617"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nXRP descending triangle hints at 45% price drop
\nThe 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.
\nA descending triangle chart pattern that forms after a strong uptrend is seen as a bearish reversal indicator. As a rule, the setup resolves when the price breaks below the flat support level and falls by as much as the triangle\u2019s maximum height.
\nXRP\/USD daily chart. Source: Cointelegraph\/TradingViewThe bulls are struggling to keep XRP above the 50-day simple moving average (SMA), currently at $2.18, signaling a lack of strength.
\nIf this trend continues, a close below the moving averages, namely the 50-day SMA and the 100-day SMA at $2.06, could sink the XRP\/USDT pair to the psychological support level at $2.00.
\nRelated: Is XRP price going to crash again?
\nIf this support fails, XRP price could tumble toward the downside target at around $1.20 by the end of May, down 45% from current price levels.
\nXRP\u2019s descending triangle target echoes an earlier analysis that warned of a possible decline to as low as $1.61 if key support levels don\u2019t hold.
\nConversely, a clear breakout above the triangle\u2019s resistance line at $2.18 will invalidate the bearish structure, putting XRP in a good position to rally toward the $3.00 psychological level.
\nDeclining XRP network activity
\nThe XRP Ledger has experienced a significant drop in network activity compared to Q1 2025. Onchain data from Glassnode shows that the network’s daily active addresses (DAAs) are now far below March’s peak.\u00a0
\nOn March 19, the ledger recorded a robust 608,000 DAAs, reflecting high user engagement and transaction activity. However, this metric crashed in April and early May, as shown in the chart below.\u00a0
\nWith only around 30,000 daily active addresses, user transactions have decreased, possibly signaling reduced interest or a lack of confidence in XRP’s near-term outlook.
\nXRP Daily Active Addresses. Source: GlassnodeHistorically, declines in network activity typically signal upcoming price stagnation or drops, as lower transaction volume reduces liquidity and buying pressure.
\nMeanwhile, XRP\u2019s 1.17% drop over the last 24 hours is accompanied by a 30% increase in daily trading volume to $2 billion. Trading volume increases amid a price decline can be interpreted as profit-taking or repositioning by crypto traders as they wait for XRP\u2019s next move.\u00a0
\nPopular analyst Dom commented on the increased selling volume, pointing out that \u201ca large amount of market selling over the last week\u201d is why XRP failed to sustain upward moves.\u00a0
\nSource: DomThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"