Key Takeaways:
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XRP failure to hold $ 3 points at a continuous downside risk at $ 2.40- $ 2.00.
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Whales continue to sell XRP.
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Declining the sun -active address of the signal reduced the transaction and liquidity activity.
XRP (XRP) The price flashes the warning signs below $ 3 as technical bearish patterns have appeared in its daily chart, which in conjunction with the sale of whales and declining network activity.
XRP price charts are less than the downside
XRP price generates a descending triangle pattern in its sunny chart since its rally $ 3.66 multi-year highs.
The recent breakout above the upper trendline of the triangle is a fake as the bulls struggle to keep the price above $ 3, which signed a lack of strength.
Related: XRP reserves rise 1.2B a day: are it accumulation or signs of a seller?
Therefore, the failure to recover $ 3 as soon as possible, where the 50-day SMA is sitting, the XRP/USDT pair can sink to the next $ 2.70 support.
Plus, the following levels to watch are the 200-day SMA at $ 2.50 and, eventually, the downside target of the triangle around $ 2.06, down 31% from the current price levels.
Moreover, the decrease of the triangular examination of the XRP triangle was accompanied by a bear flag at the same time, which warned a possible decline of less than $ 2.40, after losing support to $ 3.
Number Cointelegraph reportedIf the price reclaims of $ 3, consumers will try to continue the pursuit by pushing the XRP above the upper flag border to $ 3.20. If they do that, the price of XRP can rally at $ 3.40 and Followed by this $ 3.66.
Whales offloaded XRP to $ 3
Onchain data shows that large investors booked revenue at the latest rally up to $ 3.10.
The supply distribution measure shows a sharp collapse in the supply held by creatures with a balance of 1-10 million. These addresses now own 6.79 billion XRP supply, marked a six-week low.
The chart below shows that these whales have been offloaded by more than 160 million XRP tokens worth more than $ 476 million in current prices in the last two weeks.
It emphasizes that large investors are likely to expect lower prices in the near future despite the upcoming Spot ETF Approval and Deductions at the Fed rate.
Meanwhile, a significant increase in XRP exchange reserves increases the headwinds, data from glassnode shows.
The chart below shows that XRP balance in exchanges increased by 665 million tokens up to 3.94 billion on Monday from 3.3 billion on August 27, increasing the supply available for sale.
Refusing to the Ledger Network activity of XRP
The XRP Ledger has seen a significant collapse in network activity over the past two months. Onchain data from the cryptoquant shows that the Sun -Suns Active Addresses (Daas) is far under July 18 peak 50,482 DAA.
Around only 21,000 daily active addresses at the time of writing, user transactions refused dramatically, perhaps the sign has reduced interest or a lack of trust in the close view of XRP.
New addresses also have Fall From a 2025 high 11,000 days to the current of 4,300 at the same time, suggesting a decline in network adoption and user interaction.
Historically, the decline in network activity usually signals an upcoming discharge of price or drops, as the lower volume of the transaction reduces the liquidity and purchase of momentum.
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.
