XRP price chart and whale activity warn of a drop below $1

💡 DMK Insight

XRP’s bearish pattern on the two-day chart is a red flag for traders right now. A confirmed breakdown could see prices tumble to $0.80, which would represent a significant shift in market sentiment. This potential drop aligns with broader trends in the crypto market, where regulatory pressures and macroeconomic factors are weighing heavily on investor confidence. If XRP breaks below key support levels, it could trigger stop-loss orders and further selling pressure, impacting not just XRP but also related assets like Stellar (XLM) and Cardano (ADA), which often move in tandem with XRP. Traders should keep an eye on volume trends and the RSI indicator for signs of bearish momentum. The next few weeks will be crucial; if XRP fails to hold above $1.36, it might be time to reassess long positions and consider shorting opportunities.