Analyst dey warn say XRP fit fall go $2 if $2.70 support break
Analysts dey warn say XRP price fit continue to fall go $2 if di important $2.70 support no hold. On-chain activity don sharply reduce, with active XRP addresses down from 50,000 for mid-July to about 19,250, plus open interest for XRP futures don drop from $10.94 billion to $7.7 billion. Di metrics show say traders confidence dey low and risk for sell-off high. Di descending triangle pattern wey dey daily chart—wey start from XRP July high of $3.66—normally mean say price go continue to drop. If e break decisively below $2.70, next demand zone be near $2.48–$2.60 (100- and 200-day SMAs), and e fit slide go about $2.08, wey be 25% drop from current level. On di other side, if XRP hold $2.70, e rebound fit push price go above $3.09, near 50-day SMA and 0.618 Fibonacci retracement, plus fit move towards $3.70. Technical indicators, like possible September MACD bearish cross, dey show say risk for price pressure down still dey.
Bearish
Di report di put emphasis for how on-chain activity don dey decline, plus reduced futures open interest, and di formation of one descending triangle dey show say market sentiment for XRP dey weak. Historically, similar patterns—like how Bitcoin fall below main moving averages before—don cause sharp sell-offs and short-term price drops. If XRP break di $2.70 support, traders fit trigger stop-loss orders, wey go push di price go near di $2.08 target. Long term, as bearish momentum continue, e fit make new capital no wan come until clear reversal pattern show or major support levels stand still.