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XRP price risks 45% decline to $1.20 — Here is why

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 6 Views

XRP ledger activity has dropped sharply in the past two months, increasing the downside prospects for XRP price to drop below the key $2 level and lower.

Key takeaways:

XRP forms a bearish descending triangle on the daily chart, risking a 45% drop to $1.20.

Declining daily active addresses signal reduced transaction activity and liquidity.

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