โ ๏ธ๐ 5 Warning Signs Hint $XRP Price Could Crash to $1 ๐จ๐ฅ
๐ Market Weakness Weighs on XRP
Bitcoin's 15% drop from its $108K ATH has shaken the crypto market, dragging XRP downward. With BTC showing further weakness, XRP risks following suit, potentially falling to $1 amid broader market instability.
๐ Network Activity Decline
A sharp drop in XRPโs daily active addresses and network growth signals reduced investor interest. This exodus suggests waning confidence, often preceding significant price corrections.
๐ฐ Unrealized Gains Fuel Selling Pressure
The 365-day MVRV indicator shows XRP investors are sitting on 77% unrealized profits. Historically, such high profits lead to increased sell-offs, adding downward pressure on the price.
๐ Whale Sell-Off Continues
Whales holding between 100K and 1M XRP offloaded 110M tokens over the past month. Continued whale dumping threatens to push XRP closer to the $1 mark.
๐ Bearish Technical Setup
XRPโs descending triangle pattern hints at a potential 31% drop to $1.34 if the $1.95 support level breaks. Failure to hold above $1.34 could trigger a sharper fall to $1.
๐ A Glimmer of Hope?
If Bitcoin regains strength, XRP could rebound, breaking above the triangleโs trendline and revisiting $2.90 or higher. For now, caution dominates the outlook. ๐ก๏ธ๐