XRP Price Anticipated to Decline More: Discover the Upcoming Support Level

XRP Price Decline: Despite positive sentiment, XRP has dropped about 30% in four weeks, currently trading at $1.92, raising concerns among investors as it slipped below the $2 mark.

Technical Analysis: The formation of a descending triangle on the XRP price chart suggests further declines, with potential targets around $1.55 if the current bearish trend continues.

Network Activity Decline: XRP Ledger is experiencing a significant drop in user engagement, with daily active addresses decreasing by 91%, which may contribute to reduced liquidity and increased selling pressure.

Market Outlook: Current technical and network indicators suggest that XRP could face deeper corrections unless there is a shift in buyer activity, with a potential further dip to $1.55 being highlighted.