This article is about blockchain, trading, and technology news.

The XRP price has gained more than 300% in the past two months, trading at $2.10 on December 27. However, there are warnings that XRP/USD could erase at least 25% of these gains in the short term.

XRP is trading inside a falling triangle formation. This is a structure that usually signals further declines. A clear break below the $2.10 support level could open the door to a deeper correction. According to the rules of technical analysis, this breakout could potentially target $1.64.

On-chain data suggests that whale addresses are selling. Since the beginning of December, the XRP supply held by the richest investors has decreased by 180 million. The increase in XRP reserves on Binance is a typical bearish signal that precedes price corrections.

In light of these developments, the XRP price could face a risk of a 25% drop. Share your thoughts in the comments.