Main takeout:
The XRP forms a V -shaped correction pattern reversed in the daily chart and decreases to $ 1.70 by 20%.
In the weekly RSI, the weakening of the weakness refers to increasing the amount of downward momentum.
Daily activity and new address reduction signals reduce trading activities and reduce the demand for XRP.
The XRP price is 18% below $ 2.65 in May, and the convergence of multiple data points signals the fall of $ 1.70.
XRP’s upside down V -shaped pattern hint 20% price drop
The XRP (XRP) measures between April 7 and June 2 led to the emergence of the reverse V -shaped pattern on the daily chart.
This surged 62%due to the initial climb, which surged from $ 1.61 to 62%to 62%, due to a sharp recovery that was suspended from a $ 2.65 resistance level.
The bear booked profits at this rally, causing rapid modifications to the current level. The relative robbery index (RSI) has fallen from 68 to 41 since May 12 and has increased downward exercise.
As the price of the V -shaped pattern is reversed, the price drops by 20%in the current price.
The analyst of the masterananda tradingView shared similar emotions, and reducing optimistic momentum with the rejection of the main support area threatened the drop to the bottom 2.00 of the XRP.
According to his latest XRP analysis, the XRP is broken below the upward channel and closes under the trend line three consecutive times every day.
Analyst said, “The XRPUSDT may be recovered at the moment, but weak momentum is growing.”
“Correction may not have been over.”
XRP weakness difference
The disadvantage of XRP is supported by the weaker difference between the price and the relative strength index (RSI).
The daily chart below shows that the XRP/USD pairs rose between November 2024 and June 2025, forming a higher lowest level.
However, during the same period, the weekly RSI descended from 92 to 51 and formed a low lowest level, as shown in the weekly chart below.
Dissatisfaction between price rising and RSI reductions generally show weaknesses of the prevailing trend. Profit is profitable and the buyer’s fatigue is set up, and the traders call for more sales at the highest level.
The above chart also shows that the XRP faces a stiff resistance between $ 2.50 to $ 2.65. Overhead pressure in the area can continue to suppress the price of XRP over the next few weeks.
relevant: Price prediction 5/30: BTC, ETH, XRP, BNB, SOL, Doge, ADA, Sui, Hype, Link
Reduced XRP ledger network activities
XRP has significantly reduced network activities over the past two months.
According to GlassNode’s onchain data, the DAA (Daily Active Addresses) of the network is much lower than the previous year’s 608,000 Daa, recorded on March 19.
In writing, only 31,200 daily activity addresses have significantly reduced user transactions, and signal transmission may decrease or lack trust in XRP’s short -term prospects.
The new address has fallen from 2025 to 4,400 every day, which suggests network adoption and decrease in user participation.
As the amount of transactions decreases, liquidity and purchasing momentum decrease, so the decrease in network activities usually inform the upcoming price congestion or fall.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.