XRP Faces 45% Decline — Key Reasons Explained

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XRP ledger activity has dropped sharply in the past two months, increasing the downside prospects for XRP price to drop below the key $2 level and lower.

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 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 drop

The 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, the setup resolves when the price breaks below the flat support level and falls by as much as the triangle’s maximum height.

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