Key takeaways:
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XRP types 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 rising downward momentum.
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Declining each day lively addresses and new addresses sign diminished transaction exercise and fewer demand for XRP.
XRP price traded 18% under its Could peak of $2.65, and a convergence of a number of information factors indicators a potential drop towards $1.70.
XRP’s inverted V-shaped sample hints at a 20% price drop
XRP (XRP) price 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 price surge 62% from a low of $1.61 in a sharp restoration that was stopped by purchaser congestion on the $2.65 resistance stage.
Bears booked income on this rally, leading to a sharp correction to the present ranges. The relative energy index (RSI) was dealing with down and had decreased from 68 to 41 since Could 12, indicating rising downward momentum.
Because the price seeks to full the inverted V-shaped sample, it may drop additional towards the sample’s neckline across the $1.72 demand zone, representing a 20% price drop from the present price.
Related sentiments have been shared by a standard analyst on TradingView, MasterAnanda, who stated that lowering bullish momentum, coupled with rejection from key assist areas, threatens XRP’s drop to sub-$2.00 ranges.
His newest XRP evaluation shows XRP has damaged under a rising channel, with three consecutive each day closes under the decrease trendline.
“It appears to be like like XRPUSDT can get better any minute now, however the bearish momentum continues to develop,” the analyst stated in an accompanying observe, including that the altcoin would possibly proceed dropping till it reaches $1.72, the place it may discover assist.
“The correction may not be over.”
XRP’s bearish divergence
XRP’s downside is supported by a rising bearish divergence between its price and the relative strength index (RSI).
The each day chart under reveals that the XRP/USD pair rose between November 2024 and June 2025, forming larger lows.
However, in the identical interval, its weekly RSI descended from 92 to 51, forming decrease lows, as proven within the weekly chart under.
A divergence between rising costs and a falling RSI often 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 price over the subsequent few weeks.
Associated: Price predictions 5/30: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK
Declining XRP Ledger community exercise
The XRP Ledger has skilled a vital drop in community exercise over the past two months.
Onchain information from Glassnode reveals that the daily active addresses (DAAs) on the community are actually far under the year-to-date peak of 608,000 DAAs, recorded on March 19.
With solely round 31,200 each day lively addresses on the time of writing, consumer transactions have declined considerably, probably signaling diminished 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 consumer engagement.
Traditionally, declines in community exercise usually sign upcoming price stagnation or drops, as decrease transaction quantity reduces liquidity and shopping for momentum.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a choice.
