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Coin Telegraph

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Image Credit: Coin Telegraph

XRP price risks a 20% crash to $1.70 — Here is why

  • XRP forms an inverted V-shaped correction pattern on the daily chart, risking a 20% drop to $1.70.
  • A bearish divergence from the weekly RSI points to increasing downward momentum.
  • Declining daily active and new addresses signal reduced transaction activity and less demand for XRP.
  • XRP price traded 18% below its May peak of $2.65, and a convergence of several data points signals a possible drop toward $1.70.

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