XRP fit face 25% drop go $2 if $2.70 support no hold
XRP price dey under pressure after last week sell-off, e dey trade around $2.78. Technical indicators plus on-chain metrics dey show say e fit weaken more. Crypto Fear & Greed Index drop to 46. Active XRP Ledger addresses reduce from 50,000 for mid-July to about 19,250 now. Futures open interest comot from $10.94 billion to $7.7 billion, wey mean investors no too get confidence again. For daily chart, XRP price don form descending triangle since July high of $3.66, with flat support at $2.70. If e break below $2.70, e fit cause 25% drop reach $2.08, e fit match triangle height and SMA demand zones for $2.6–$2.48. But if e hold $2.70, XRP price fit bounce back go 50-day SMA at $3.09 and maybe $3.70. Traders suppose watch these levels to sabi which way market go move.
Bearish
Di article analysis show sey XRP price get bearish outlook. Di decline for on-chain activity and di fall for futures open interest show sey investor belief dey reduce. Di descending triangle pattern for daily chart usually go solve downward, and if dem break di $2.70 support, e fit make di price drop around 20-25%, like how e happen for other altcoins wey get di same setup. Short term, if di key support break, traders fit see more sell pressure. Long term, if di weakness last, e fit confirm downtrend unless big buying show for di $2.6–$2.48 demand zone. So, di risk sey price go drop more pass di chance sey e go rise, e make bearish view dey stronger.