{"id":25181,"date":"2025-05-05T12:01:47","date_gmt":"2025-05-05T12:01:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25181"},"modified":"2025-05-05T12:01:47","modified_gmt":"2025-05-05T12:01:47","slug":"xrp-price-risks-45-decline-to-1-20-here-is-why","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25181","title":{"rendered":"XRP price risks 45% decline to $1.20 \u2014 Here is why"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5Mzg3MTUtNGYwNS03MDE5LTlhNzAtNGIzN2U2YmY3NDU0.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5Mzg3MTUtNGYwNS03MDE5LTlhNzAtNGIzN2U2YmY3NDU0.jpg\" alt=\"XRP price risks 45% decline to $1.20 \u2014 Here is why\"><\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>XRP forms a bearish descending triangle on the daily chart, risking a 45% drop to $1.20.<\/p>\n<\/li>\n<li>\n<p>Declining daily active addresses signal reduced transaction activity and liquidity.<\/p>\n<\/li>\n<li>\n<p>A breakout above $2.18 could invalidate the bearish pattern.<\/p>\n<\/li>\n<\/ul>\n<p>The XRP (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/xrp-price-index\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">XRP<\/a>) price flashes warning signs as a bearish technical pattern emerges on its daily chart, coinciding with declining network activity.\u00a0<\/p>\n<h2>XRP descending triangle hints at 45% price drop<\/h2>\n<p>The XRP price chart has been forming a descending triangle pattern on its daily chart since its <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-price-hits-seven-year-high-bullish-2025-outlook\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">late 2024 rally<\/a>, characterized by a flat support level and a downward-sloping resistance line.<\/p>\n<p>A descending triangle <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/learn\/articles\/crypto-charts-101-how-to-read-cryptocurrency-charts\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">chart pattern<\/a> that forms after a strong uptrend is seen as a bearish reversal indicator. As a rule, the setup resolves when the price breaks below the flat support level and falls by as much as the triangle\u2019s maximum height.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196a03d-c5cb-7c89-9eaf-2d0fb6c29beb\" title=\"\" alt=\"XRP price risks 45% decline to $1.20 \u2014 Here is why\"><figcaption style=\"text-align: center;\"><em>XRP\/USD daily chart. Source: Cointelegraph\/<\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/www.tradingview.com\/x\/U48azI0Z\/\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The bulls are struggling to keep XRP above the 50-day simple moving average (SMA), currently at $2.18, signaling a lack of strength.<\/p>\n<p>If this trend continues, a close below the <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/3-ways-traders-use-moving-averages-to-read-market-momentum\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">moving averages<\/a>, namely the 50-day SMA and the 100-day SMA at $2.06, could sink the XRP\/USDT pair to the psychological support level at $2.00. <\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/is-xrp-price-going-to-crash-again\" rel=\"null\" target=\"null\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/is-xrp-price-going-to-crash-again\"><em><strong>Is XRP price going to crash again?<\/strong><\/em><\/a><\/p>\n<p>If this support fails, XRP price could tumble toward the downside target at around $1.20 by the end of May, down 45% from current price levels.<\/p>\n<p>XRP\u2019s descending triangle target echoes an earlier analysis that <a data-ct-non-breakable=\"null\" href=\"http:\/\/cointelegraph.com\/news\/price-predictions-5-2-btc-eth-xrp-bnb-sol-doge-ada-sui-link-avax\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">warned<\/a> of a possible decline to as low as $1.61 if key support levels don\u2019t hold.<\/p>\n<p>Conversely, a <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-moon-soon-strongest-spot-premium-aligns-with-70-rally-setup\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">clear breakout <\/a>above the triangle\u2019s resistance line at $2.18 will invalidate the bearish structure, putting XRP in a good position to rally toward the $3.00 psychological level.<\/p>\n<h2>Declining XRP network activity<\/h2>\n<p>The XRP Ledger has experienced a significant drop in network activity compared to Q1 2025. Onchain data from Glassnode shows that the network&#8217;s daily active addresses (DAAs) are now far below March&#8217;s peak.\u00a0<\/p>\n<p>On March 19, the ledger recorded a robust 608,000 DAAs, reflecting high user engagement and transaction activity. However, this metric crashed in April and early May, as shown in the chart below.\u00a0<\/p>\n<p>With only around 30,000 daily active addresses, user transactions have decreased, possibly signaling reduced interest or a lack of confidence in XRP&#8217;s near-term outlook.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196a03d-cb27-77aa-bc7d-bab2aa42c03d\" title=\"\" alt=\"XRP price risks 45% decline to $1.20 \u2014 Here is why\"><figcaption style=\"text-align: center;\"><em>XRP Daily Active Addresses. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>Historically, declines in network activity typically signal upcoming price stagnation or drops, as lower transaction volume reduces liquidity and buying pressure.<\/p>\n<p>Meanwhile, XRP\u2019s 1.17% drop over the last 24 hours is accompanied by a 30% increase in daily trading volume to $2 billion. Trading volume increases amid a price decline can be interpreted as profit-taking or repositioning by crypto traders as they wait for XRP\u2019s next move.\u00a0<\/p>\n<p>Popular analyst Dom commented on the increased selling volume, <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/traderview2\/status\/1919061901096448270\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">pointing out<\/a> that \u201ca large amount of market selling over the last week\u201d is <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/why-is-xrp-price-down-today\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">why XRP failed<\/a> to sustain upward moves.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196a03d-d0b2-75d7-b9a7-7de6b1962e9a\" title=\"\" alt=\"XRP price risks 45% decline to $1.20 \u2014 Here is why\"><figcaption style=\"text-align: center;\"><em>Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/traderview2\/status\/1919061901096448270\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em>Dom<\/em><\/a><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\" type=\"\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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. A breakout above $2.18 could invalidate the bearish pattern. The XRP (XRP) price flashes warning signs as a bearish technical pattern emerges on its daily chart, coinciding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25181","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25181"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25181\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}