XRP Risks 25% Drop If $2.70 Support Fails

XRP Risks 25% Drop If $2.70 Support Fails
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XRP Risks 25% Drop If $2.70 Support Fails
Image source: CoinToday
- XRP price risks hitting $2 if $2.70 breaks. - Falling on-chain metrics and bearish technical patterns point to a potential 25% decline. XRP is struggling to hold its $2.70 support, and according to data from Cointelegraph on September 1, 2025, plunging investor activity and growing bearish sentiment threaten a significant downturn for the cryptocurrency. Currently priced at $2.78, XRP hovers dangerously close to the pivotal $2.70 threshold while on-chain activity has declined significantly. The number of active addresses fell from 50,000 in mid-July to approximately 19,250, signaling waning investor interest. Furthermore, futures open interest dipped from $10.94 billion to $7.7 billion during the same timeframe, highlighting reduced market conviction. Technical charts reveal a descending triangle pattern for XRP, a bearish signal suggesting a 25% price drop if the $2.70 support breaks. This formation projects a target of $2.08, although a demand zone between $2.48 and $2.60 may offer some initial defense against further declines. However, while sentiment remains bleak, a bullish reversal is still possible. If XRP sustains the $2.70 support, it could set the stage for a recovery, possibly pushing the price toward the triangle's upper trendline at $3.09. A breakout above this level might trigger bullish momentum and send XRP rallying toward $3.70. According to liquidation heatmap data, buy orders are concentrated around $2.70, while sell orders cluster between $2.87 and $3.74, which reflects market expectations at these critical levels. The latest market data shows XRP trading at $2.773 as of September 1 at 15:09 UTC, and its 24-hour trading volume has decreased by 1.645%.
Article Info
Category
Market
Published
2025-09-01 15:13
NFT ID
PENDING
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