XRP price has taken a significant hit, dropping nearly 25% over the past month. This is a concerning trend, and it’s likely to extend its downtrend over the coming weeks. The reason for this gloomy outlook is the bearish technicals that continue to cast a shadow over any potential recovery. It’s a challenging time for XRP. According to data from crypto.news, XRP (XRP) price has been on a downward spiral, and it’s hard to see a turnaround anytime soon. The numbers are clear – a nearly 25% drop is substantial. This downturn is a cause for concern, and investors are watching closely to see what happens next. The bearish technicals are a major factor in this trend, and they show no signs of easing up. As a result, it’s difficult to imagine a scenario where XRP price recovers quickly. The coming weeks will be crucial in determining the future of XRP, and for now, the outlook remains uncertain.
Here’s why XRP price risks 25% drop in the coming sessions
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