Key takeaways:
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XRP forms a bearish descending triangle on the daily chart, risking a 45% drop to $1.20.
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Declining daily active addresses signal reduced transaction activity and liquidity.
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A breakout above $2.18 could invalidate the bearish pattern.
The XRP (
The bulls are struggling to keep XRP above the 50-day simple moving average (SMA), currently at $2.18, signaling a lack of strength.
If this trend continues, a close below the
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.