Is XRP Headed for Another Major Sell-Off?

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XRP price risks a possible 41% plunge to $1.18 if a descending triangle pattern is confirmed on the charts.

Bearish signals from declining open interest and negative funding rates suggest a potential deeper correction for XRP price.

XRP’s descending triangle pattern targets $1.18.

Binance XRP/USDT liquidation heatmap highlights $1.75-$1.60 as the next major liquidity zone.

XRP price has dropped by 12.6% over the last five days and was trading for as low as $1.91 on June 22.

Let’s examine whether XRP’s price could drop further in the coming days.

XRP derivatives data leans bearish 
XRP’s potential to drop lower is reinforced by decreasing open interest (OI), as per data from CoinGlass.

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