key takeaways:
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The XRP creates an inverted V-shaped improvement pattern on the daily chart, declining 20% up to $ 1.70.
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The deviation of a recession from the weekly RSI indicates to increase the low speed.
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Daily active address and decline in new address reduced transaction activity and low demand for XRP.
The XRP price trades below 18% below its May summit of $ 2.65, and a convergence of several data points indicates a possible decline towards $ 1.70.
The reverse V-size pattern of XRP indicates on 20% price drop
XRP (XRP) Price action between 7 April and 2 June has recorded the presence of an inverted V-shaped pattern on the daily chart.
This follows an early climb, which observed that the XRP price increased by 62% from a low of $ 1.61, which was prevented by a buyer’s crowd at a $ 2.65 resistance level.
Bears booked profits on this rally, resulting in a rapid improvement in the current levels. The relative power index (RSI) was facing and had come down from 68 to 41 since May 12, which indicates moving downwards.
As the price attempts to complete the opposite V-shaped pattern, it may move towards the neckline of the pattern around the $ 1.72 demand area, representing a decline of 20% from the current price.
Similar feelings were shared by a popular analyst at tradingview, who said that decreasing the speed of rapid speed, in collaboration with major support areas, is threatened by the decline of XRP up to $ 2.00.
Their latest XRP analysis Show The XRP is broken under a mounting channel, with three consecutive daily lower trendlines.
The analyst said in a note, “It seems that XRPUSDT can now fix any minute, but the recession speed is increasing,” simultaneously said in the note, saying that Altcoin can keep falling until it reaches $ 1.72, where it can get support.
“Improvement may not end.”
Recession deviation of XRP
Negative side of XRP Its price and increasing recession between its price and is supported by deviation Relative Strength Index (RSI).
The daily chart below shows that the XRP/USD pair rose between November 2024 and June 2025, leading to high climbing.
However, in the same period, its weekly RSI descended from 92 to 51, which forms the lower ups, as shown in the weekly chart below.
A deviation between rising prices and a falling RSI usually indicates weakness in prevailing uptrends, motivating traders to sell more on local high as intensity and buyer are set to take advantage.
The above chart also suggests that XRP faces harsh resistance between $ 2.50 and $ 2.65. Overhead pressure from the region can continue by pressing the price of XRP in the next few weeks.
Connected: Price predictions 5/30: BTC, Eth, XRP, BNB, SOL, DOGE, Ada, Sui, Hype, Link
XRP declines in laser network activity
XRP account The last two months have experienced a significant decline in network activity.
Onchain data shows that from glassnode Daily active addresses (DAAS) is now below the year-by-year summit of 608,000 DAAS recorded on the network on March 19.
With only 31,200 daily active addresses at the time of writing, user transactions have declined significantly, possibly a signal of lack of confidence in low interest or close-term approach to XRP.
There are new addresses Dropped 2025 high to 15,800 daily to current 4,400, suggests a decline in network adoption and user engagement.
Historically, the decline in network activity usually indicates upcoming value stagnation or drops, as low transactions reduce liquidity and purchase speeds.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
