#xrp 🤑🤑💸💵💰💯🤑🤑

XRP tickers down $0.53 bulls should brace for a period of potential price declines in the coming weeks. At least four indicators, including a mix of technical, fundamental, and on-chain metrics hint at downside ahead.

XRP price bear flag setup

The first indicator hinting at a potential downturn for XRP is a bear flag pattern.

A bear flag is a bearish continuation pattern characterized by a small, upward-sloping rectangle formed by parallel lines against the prevailing downtrend. It gets resolved when the price decisively breaks below its lower trendline, and falls by as much as the prevailing downtrend's height.

As of Jan. 30, XRP is precariously hovering at the lower trendline of its bear flag, signaling a potential breakdown. Concurrently, its weekly relative strength index (RSI) stands at around 40, a neutral territory indicating the scope of possible further declines in the market.

Effective Ventures Foundation #EVF , a charity that focuses on effective altruism causes, has agreed a settlement with the bankruptcy estate of FTX which will see it repay the approximately $26.8 million in donations it received from the defunct crypto enterprise.

Effective Ventures has been under investigation by the Charity Commission in the United Kingdom.

This investigation by regulators is separate from an internal investigation conducted by Effective Ventures. #ZacharyRobinson the interim CEO of Effective Ventures US, provided a statement to Civil Society in which he claimed that the internal investigation found no evidence that trustees of the charity knew that Sam Bankman-Fried was engaged in criminal fraud.