XRP Price Warning: 50% Decline Possible Amid ETF Momentum

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Spot XRP ETFs record net inflows for nine days, absorbing sell pressure and potentially supporting an XRP price recovery over time.

XRP (XRP) has fallen 12% over the last five days, and the confirmation of a bearish pattern now points to the risk of more losses ahead.

XRP/USD’s bear pennant pattern on the three-day chart points to a possible 52.5% drop toward $0.65.

Persistent institutional demand through exchange-traded products supports the case for a recovery in XRP price. 

XRP’s descending triangle breakdown is underway

Since early February, the XRP/USD pair has been consolidating inside a bear pennant on the three-day chart.

In technical analysis, bear pennants are typically viewed as bearish continuation patterns. The pattern was confirmed when the price produced broke below the pennant’s lower trend line at $1.40, as shown in the chart below.


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