Key Takeaways:
-
The XRP confirms a bearish lowering triangle in the sun -day chart, threatening a 18% collapse at $ 2.40.
-
Declining the sun -active address of the signal reduced the transaction activity and cooling demand for XRP.
-
The spot Taker CVD remains negative, suggesting a avoidance of investor demand.
XRP (XRP) exchanged 23% below the multi-year peak of $ 3.66, and a scene of several data points indicates a possible collapse towards $ 2.40.
Data from Cointelegraph Markets Pro and Tradingview The XRP trading is shown below a downward triangle in the sun -set time, as shown in the chart below.
A descending triangle is a bearish chart pattern, characterized by a flat, horizontal support line and a descending upper pace.
The price broke below the support line of the existing chart pattern at $ 2.95 on Tuesday to continue the downfall, with a measured target of $ 2.40.
Such a move will bring total acquisitions to 18% from the current level.
As cointelegraph reportedAltcoin needs to get the support level of $ 3 to avoid a deeper correction at $ 2.24. The last twice that the price to get this level in the past was in mid -July and early August, before the 25% and 15% rally, respectively.
XRP/BTC Bearish Divergence
XRP bear is supported by a growing difference -It between the XRP/BTC pair and the KaMag -Kaba -child index -child -child (RSI).
The day -to -day chart below shows that the XRP/BTC pair rose between July 10 and August 18, forming higher lows.
But, at the same time, the day -to -day RSI dropped to 43 from over -the -top 75 conditions in the same time frame, forming lower lows, as shown in the chart below.
Related: Price predictions 8/18: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK
A negative difference -different between falling prices and a rising RSI usually indicates weakness in existing climbing, motivating entrepreneurs to book income at a higher level as the investor’s interest decreases and sets consumer fatigue.
The above chart also announced that the XRP/BTC was sitting above a major zone support between 0.0000245 BTC and 0.0000250 BTC, embracing 200-day Simple moving average.
A drop below this area can see the XRP/BTC pair to continue its downtrend, which is -fuel by further falling the XRP price.
Refusing network activity can boost XRP sale
The XRP Ledger has experienced a significant collapse in network activity compared to Q1/2025 and the period between June and July. On-chain data from glassnode shows that the Sun -Suns Active Addresses (Daas) on the network is far below the numbers seen in March and June.
The Ledger recorded a stable 608,000 DAA on March 19 and 577,134 on June 16, reflecting high communication and transaction activity. However, there is a dramatic collapse from the end of June to August, as shown in the chart below.
Around only 33,000 daily active addresses, user transactions are reduced, perhaps the sign has reduced interest or a lack of confidence in the close perspective of XRP.
Historically, the decline in network activity usually indicates an upcoming price discharge because the lower volume of the transaction reduces the liquidity and purchase of momentum.
The number of transactions also reduced by 51% from 2.5 million in June to 1.25 million at the time of writing, per Data from cryptoquant.
Transaction counts and active addresses are widely used to estimate the number of users interacting with a network. They offer an important view of the general network’s overall activity and user interaction, which serves as a key indicator of blockchain adoption and contact with the underlying token.
As such, this significant collapse in these onchain indicators can drive less than XRP, sparking speculation that can sink the token in a short time.
Negative 90-day CVD supports XRP collapse
Checking the 90-day spot Taker Cumulative Volume Delta (CVD) shows the extent to which the seller’s activity intensifies.
The CVD measures the difference between buying and selling quantity within a three -month period.
Since July 28th, the sale of pressure has led the order book, after the XRP/USD pair has been Multi-year highs above $ 3.66 On July 18.
The negative CVD (red bars on the chart above) indicates the acquisition of income to entrepreneurs, which signals demand as the seller controls.
If the CVD remains red, it means that the seller has not been back down, which can set a stage for another leg, as seen in historical corrections.
With more than just 91% of XRP supply still In revenue at current prices, investors can continue to lock the acquisitions, adding to the headwinds.
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.
