Key takeaways:
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XRP kinds an inverted V-shaped correction sample on the each day chart, risking a 20% drop to $1.70.
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A bearish divergence from the weekly RSI factors to growing downward momentum.
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Declining each day energetic addresses and new addresses sign decreased transaction exercise and fewer demand for XRP.
XRP value traded 18% beneath its Might peak of $2.65, and a convergence of a number of information factors alerts a attainable drop towards $1.70.
XRP’s inverted V-shaped sample hints at a 20% value drop
XRP (XRP) value motion between April 7 and June 2 has led to the looks of an inverted V-shaped sample on the each day chart.
This follows an preliminary climb that noticed XRP value surge 62% from a low of $1.61 in a pointy restoration that was stopped by purchaser congestion on the $2.65 resistance degree.
Bears booked income on this rally, leading to a pointy correction to the present ranges. The relative power index (RSI) was dealing with down and had decreased from 68 to 41 since Might 12, indicating growing downward momentum.
As the worth seeks to finish the inverted V-shaped sample, it may drop additional towards the sample’s neckline across the $1.72 demand zone, representing a 20% value drop from the present value.
Related sentiments have been shared by a well-liked analyst on TradingView, MasterAnanda, who mentioned that lowering bullish momentum, coupled with rejection from key help areas, threatens XRP’s drop to sub-$2.00 ranges.
His newest XRP evaluation reveals XRP has damaged beneath a rising channel, with three consecutive each day closes beneath the decrease trendline.
“It seems to be like XRPUSDT can get well any minute now, however the bearish momentum continues to develop,” the analyst mentioned in an accompanying be aware, including that the altcoin may proceed dropping till it reaches $1.72, the place it may discover help.
“The correction may not be over.”
XRP’s bearish divergence
XRP’s draw back is supported by a rising bearish divergence between its value and the relative power index (RSI).
The each day chart beneath reveals that the XRP/USD pair rose between November 2024 and June 2025, forming greater lows.
However, in the identical interval, its weekly RSI descended from 92 to 51, forming decrease lows, as proven within the weekly chart beneath.
A divergence between rising costs and a falling RSI normally signifies weak spot within the prevailing uptrend, prompting merchants to promote extra at native highs as profit-taking intensifies and purchaser exhaustion units in.
The chart above additionally reveals that XRP faces stiff resistance between $2.50 and $2.65. Overhead strain from this space may proceed suppressing XRP’s value over the subsequent few weeks.
Associated: Worth predictions 5/30: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK
Declining XRP Ledger community exercise
The XRP Ledger has skilled a big drop in community exercise over the past two months.
Onchain information from Glassnode reveals that the each day energetic addresses (DAAs) on the community at the moment are far beneath the year-to-date peak of 608,000 DAAs, recorded on March 19.
With solely round 31,200 each day energetic addresses on the time of writing, person transactions have declined considerably, probably signaling decreased curiosity or a insecurity in XRP’s near-term outlook.
New addresses have additionally dropped from a 2025 excessive of 15,800 each day to the present 4,400, suggesting declining community adoption and person engagement.
Traditionally, declines in community exercise sometimes sign upcoming value stagnation or drops, as decrease transaction quantity reduces liquidity and shopping for momentum.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a choice.
