Key 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.
A breakout above $2.18 could invalidate the bearish pattern.
The XRP (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.
