There is a mixed sentiment within the #xrp community on the prospects of the digital currency picking up a growth course in the short to long term.

Though there has been a relatively more bearish trend in the broader #crypto #ECOSYSTEM , XRP has faired poorly compared to its counterparts. While the combined crypto market cap has dropped by 0.42% to $1.56 trillion, XRP has recorded a steeper loss of 0.85% in 24 hours to $0.5129.

To uncover the impact of the mega slump XRP has been recording, top community influencer Crypto Rover highlighted how extensive the coin’s “Breakdown” has been since at least the second quarter of 2021.

XRP Price Drawdown and Projected Surge

According to Crypto Rover’s chart, XRP dropped from a high price of around $1.82 in mid-April 2021 to the current price of $0.5129.

XRP appears to have been trading in a symmetrical triangle since that time, with the price now breaching the base of the triangle in what might mark a further plunge if left unchecked.

Responding to the post from Crypto Rover, some community members argued that the interpretation of the charts is a subjective deduction as many meanings can be inferred from it.

XRP has always come under intense scrutiny from members of the community for always lagging, even in periods where general market sentiment favors intensive growth.

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