Until March 8, XRP (XRP) The faces of the technical and basic pressures suggesting a possible 20% drop price in the near future. Drawing from recent market reviews and historical patterns, investors should watch three major signals.
XRP Price Price Prices to 20% drops in advance
The XRP/USD is currently forming a symmetrical triangle in its weekly chart, a pattern that reflects a tug-of-war between buyers and sellers.
XRP/USD Weekly Price chart. Source: Tradingview
Contrary to popular beliefs, symmetrical triangles are not always patterns of continuity. They indicate a bias conflict, which is often solved with a breakout in either direction based on the existing momentum.
Historically, crypto markets have seen such scandals that lead to rejection than bull pace. For example, Ethereum’s 2018 triangle breakdown resulted in an 80% collapse.
ETH/USD weekly price chart feat. Symmetrical Triangle Breakdown From 2018. Source: TradingView
When this happens, the price usually rises or falls towards a level at length equal to the maximum height of the triangle. Applying this technical rule to XRP brings its downside target around $ 1.46, which aligns with the 50-week average average move.
Trump embraced Bitcoin, not XRP
XRP price falls following the The inaugural crypto summit of the White House On March 7, in order to optimize its potential integration in a strategic US crypto reserves quickly faded.
Despite the initial eagerness, President Donald Trump’s team clarified that the aforementioned cryptocurrencies, Ethereum, Solana, Cardano, and XRP, are examples of examples, unofficial options.
@DavidsacksWhy are you walking back to mention XRP in Trump’s crypto reserve plan like a thought?
It’s almost as if you were prompted to do it.
The JIG is at all knowing what XRP is and why it is still restrained while every other SEC lawsuit is declining. Why … pic.twitter.com/96x6zvblie
– Jason Higgins 🇺🇸 (@JasonTrading589) March 7, 2025
Moreover, there is no evidence that the US government holds XRP, and Trump Stockpile’s broader approachdedicated to altcoins, excluding new purchases. This revelation has been able to trigger a 10% decline in the XRP market.
Related: The US Crypto Reserve can boost the Bitcoin Market Cap of $ 460b – Research
On the other hand, bitcoin is Getting clear favor from the Trump administrationalso with the US Holding Approximately $ 17.7 billion in BTC.
Meanwhile, the XRP/BTC pair is combined within a historic distribution zone, even if it remains above the 200-2W EMA (the blue wave) around 2,459 satoshis.
XRP/BTC two weeks of price chart. Source: Tradingview
A break under 200-2W EMA can push the XRP/BTC towards 50-2W EMA (the red wave) around 1,700 Satoshis, triggering a correlated decline in XRP/USD and thus strengthening the risk of a 20% collapse.
XRP Volume Explosion Mirrors 2021 Bear Market
XRP trading volumes recently advanced to recording levels, warning analyst Martunn XRP is in a distribution phaseWhere large holders are offloading positions to retail buyers after a major rally.
XRP volume bubbles. Source: Cryptoquant
Following this volume The 600% increase of XRP From November 2024 to January 2025, a classic setup for distribution.
In 2021, a similar explosion of volume was preceded by a long downtrend, as the sale of pressure was eventually more than demand. If the history is repeated, the XRP may face another major correction, which is aligned with the symmetrical break of the triangle explained above.
Decline in XRP whale holdings further reflect the distribution. The whale balance dropped from 94.21 billion to 90.21 billion XRP a year while removing the increase from the post-US election “Trump Pump.”
Whales are large investors or creatures holding significant value, which in this case is addressed by balances of more than 1 million XRP.
XRP addresses with more than one million tokens. Source: Mesari
When the whales are off, it often indicates a lack of trust in close property performance, as these players usually have access to better market views or strategic plans.
Their sale can create an effect of ripple, reducing liquidity and increasing sales pressure as smaller investors adhere to the suit.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
