Key Takeaways:
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XRP generates an inverted V correction pattern in the daily chart, threatening a 20% drop to $ 1.70.
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A bearish difference -varied from RSI weekly points to the downward momentum.
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Decline in sunny active addresses and new signal addresses reduced transaction activity and less demand for XRP.
The XRP price exchanged 18% below the May peak of $ 2.65, and a scene of several data points indicates a possible collapse towards $ 1.70.
The reversed V-shaped pattern of XRP in a 20% price collapse
XRP (XRP) Price action between April 7 and June 2 led to the appearance of an inverted V shape on the daily chart.
It follows an initial climb that has seen a price progress of XRP 62% from a low $ 1.61 to a sharp recovery that has stopped by consumer congestion at the $ 2.65 level of resistance.
The bears that have been booked in this rally, resulting in a sharp correction at the current levels. Kamag -child Index Index (RSI) has faced and has dropped from 68 to 41 since May 12, indicating an increase in descending momentum.
As the price aims to complete the reversed V-shaped pattern, it can descend further to the pattern neckline around the $ 1.72 demand zone, which represents a 20% price collapse from the current price.
Similar emotions were shared by a popular analyst in Tradingview, Masterananda, who said the reduction of bullish momentum, in conjunction with denial from major support areas, threatened to collapse of XRP to the sub- $ 2.00 level.
His latest XRP review Shut up The XRP is damaged under a rising channel, with three consecutive sunny closure below the lower trend.
“It looks like the XRPUSDT can recover any minute now, but the Bearish momentum continues to grow,” the analyst said on an accompanying note, adding that altcoin could continue to decrease until it reached $ 1.72, where it could find support.
“Correction may not end.”
The difference -Irs of XRP
Downside by XRP is supported by a growing difference -Irs between its price and the KaMag -Kaba -child index -child -child (RSI).
The day -to -day chart below shows that the XRP/USD pair rose between November 2024 and June 2025, forming higher lows.
But, at the same time, the weekly RSI dropped from 92 to 51, forming lower lows, as shown in the weekly chart below.
A variation between rising prices and a falling RSI usually indicates weakness in existing climbing, prompting entrepreneurs to sell more to local highs as income incomes and sets consumer fatigue.
The above chart also announced that the XRP faced a tough resistance between $ 2.50 and $ 2.65. Overhead pressure from this area may continue to suppress XRP prices over the next few weeks.
Related: Price predictions 5/30: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK
Refusing to the Ledger Network activity of XRP
The XRP Ledger has experienced a significant collapse in network activity over the past two months.
Onchain data from glassnode shows that the Sun -Suns Active Addresses (Daas) on the network is far from the bottom-to-date peak of 608,000 DAA, recorded on March 19.
Around only 31,200 daily active addresses at the time of writing, user transactions refuse significantly, perhaps the sign of reduced interest or a lack of trust in the close perspective of XRP.
New addresses also have Fall From a 2025 high 15,800 days -day to current 4,400, 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.
