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

💡 DMK Insight

XRP’s recent slump in ledger activity is a red flag for traders: With XRP currently at $2.10, the drop in network transactions suggests waning interest, which could push prices down to $1.55. This decline in activity isn’t just a blip; it reflects broader market sentiment and could signal a shift in investor confidence. If XRP fails to maintain support around $2.00, we could see a cascade effect, impacting not just XRP but also related assets like altcoins that often follow its lead. Traders should keep an eye on the $1.55 level as a critical support point. A breach below this could trigger further selling pressure, especially from retail investors who might panic. On the flip side, if ledger activity picks up, it could provide a much-needed boost, but for now, the trend is concerning. Watch for any news or developments that might influence trading volume, as that could be a key indicator of where XRP is headed next.