Key Takeaways:
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XRP confirmed a bearish descending triangle, risking a 25% drop to $1.55.
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A bearish divergence from the weekly RSI points to increasing downward momentum.
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Low daily active signal addresses muted network activity and liquidity, boosting XRP selling risk.
The price of XRP traded 11% below its value a week ago, and a convergence of several data points indicates a deeper correction towards $1.55.
The XRP descending triangle hints at a 45% price drop
The XRP (XRP) price chart confirmed a descending triangle pattern on the eight-hour chart since drops below $3 psychological level in October.
A descending triangle chart pattern -Characterized by a flat support level and a downward-sloping resistance line-resolved when the price breaks below the flat support level and falls through the highest height of the triangle.
Related: Xrp ‘structurally fragile’ as 41.5% of supply in a loss
The XRP/USD pair confirmed the descending triangle when it broke below the pattern support line at $2.20 on Monday.
Bulls are fighting to keep XRP above the $2 support. A breakdown of this level would likely see the price of XRP fall towards the measured triangle target at $1.55 at the end of November, representing a 25% decline from current price levels.
XRP’s descending triangle collapse echoes an earlier analysis that warned of a possible decline to below $1.61 if the key support levels do not hold.
The glassnode distribution heatmap out That a large cluster of supply is sitting between $2.38 and $2.40 (embraced by the 100-day SMA and triangle resistance line), where about 3.23 billion XRP were captured. This marks an area of stubborn resistance for XRP, adding to the tails.
The diversity of XRP
The fall of XRP is supported by a divergence between its price and the relative relative index (RSI).
The weekly chart below shows that the XRP/USD pair rose between November 2024 and July 2025, forming a higher high within an ascending channel. However, during the same period, its weekly RSI declined to 68 from 92, forming lower highs, as illustrated in the weekly chart below.
A divergence between rising prices and a falling RSI usually indicates weakness in the prevailing uptrend, prompting traders to sell further above local highs. Earnings intensified and buyer fatigue sets in.
The RSI has since dropped to 39, suggesting that market conditions still favor the downside.
The chart above also reveals that XRP is facing stiff resistance from the 50-week SMA at $2.32. Overhead pressure from this level may continue to suppress the price of XRP in the next few weeks.
Denial of XRP ledger network activity
Network activity on XRP Ledger has remained muted for the past four months. Onchain data from Glassnode expressed that the Daily active addresses (DAAS) The network is already well below the high of 577,000 DAA, recorded on June 14.
At nearly 44,000 DAA at the time of writing, user transactions have declined significantly, perhaps signaling waning interest or a lack of confidence in XRP’s near-term outlook.
New addresses are also available fell down to the current 4,000 daily from 13,500 on November 10, suggesting a decline in network adoption and user engagement.
Historically, a decline in network activity has typically signaled an impending price stagnation or drop, as lower transaction volume reduces liquidity and buying momentum.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.
