#XRP price warning signs emerge after 300% gains in two months.

Whale distribution and a convincing bearish reversal indicator set up XRP for further price declines in early 2025.

XRP’s price has rallied by over 300% in the past two months and was trading at $2.10 on Dec. 27. Still, warning signs suggest that XRP/USD may erase at least 25% of those gains in the short term. XRP nears descending triangle breakdown

XRP’s recent losses come as its price trades within a descending triangle pattern, a bearish structure that typically signals further declines.

This pattern is defined by a series of lower highs forming the triangle’s descending trendline, while the $2.10 level acts as horizontal support. A decisive breakdown below the $2.10 support level could open the door to a deeper correction. The potential downside target for this breakdown is calculated by subtracting the triangle’s height from the breakdown point, per the rule of technical analysis.

Related: XRP price must reclaim $2.30 to absorb buy wall — Analyst

In other words, XRP’s price may decline to about $1.64 in January 2025, down about 25% from the current price levels.