XRP price at risk of a 25% drop to $1.55: Here is why

XRP's price is facing a significant risk of a decline due to multiple factors, particularly a bearish descending triangle formation that hints at a potential 25% drop to $1.55. The current market conditions reveal XRP trading 11% lower compared to last week with a notable descending triangle pattern confirmed, which typically indicates a bearish trend if it breaks below key support levels. Additionally, a bearish divergence observed in the weekly RSI points to increasing downward momentum, where prices have increased, but the RSI has decreased, indicating possible weakness in the uptrend. Moreover, daily active addresses on the XRP ledger have severely declined from a high of 577,000 to around 44,000, reflecting reduced network activity and confidence, which could further exacerbate the selling pressure. The confluence of these technical indicators and network activity suggests that XRP may continue to struggle, with significant resistance at the $2 mark and a drop to $1.55 appearing likely by the end of November.

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