XRP Set for a 20% Drop? Price Risks Crashing Below $2 — Here's Why

Key Insights

• XRP’s inverted V-shaped pattern and weakening RSI show some strong bearish momentum.

• A possible 20% drop could push the price down to around $1.70 or lower.

• XRP has broken below some of its most important technical supports, according to analysts.

• On-chain data shows that the cryptocurrency’s daily active addresses and new wallet creation metrics have declined.

• The $1.70–$1.72 range is a very important support level to watch in the next few weeks.

  XRP is facing some serious bearish pressure that could push its price down by 20% underneath the $2 price level.

This prediction is based on a combination of technical indicators and on-chain data, both of which show that investor confidence has taken a hit lately and the market is becoming inactive.

Here are some of the biggest things to keep in mind.

What Are The Charts Saying?

According to the charts, the price action of XRP between early April and early June shows a descending channel formation.

This pattern typically shows a reversal from bullish to bearish momentum.

Keep in mind that XRP initially rallied by around 62% from a low of $1.61 between February and April to a peak of around $2.65 in May

However, this rally was short-lived because after hitting resistance around the $2.65 mark, sellers began taking profits.

Possible price decline on XRP | Source: TradingView

This triggered a correction, and as of now, XRP is trading around $2.19. This stands as roughly 18% below its recent peak.

Technical indicators are also adding weight to this bearishness, because the relative strength index (RSI) has fallen from 68 to 41 since mid-May

This shows a change from bullish to bearish momentum, and indicates that the selling pressure could just be starting.

If this pattern plays out any further, XRP could fall further to the support of the formation, which sits somewhere between the $1.70–$1.72 support zone

In essence, this would sit at around a 20% drop from current price levels.

Analyst Weigh In

According to recent insights from TradingView analyst “MasterAnanda,” XRP has recently broken below a rising channel.

The analyst noted that this is a very important technical support zone, with three consecutive daily closes under the lower boundary of the channel.

While XRP might appear to be primed for a rebound at first glance, the analyst warns that bearish momentum is getting stronger.

He believes the altcoin is on track to reach $1.72 before finding support.

In his words, “It looks like XRPUSDT can recover any minute now, but the bearish momentum continues to grow. The correction might not be over.”

Warnings for XRPp | Source: TradingView

More on the bearish scares, there is a clear bearish divergence between XRP’s price and its weekly RSI

From November 2024 to June 2025, XRP’s price has made higher low after higher low, which would originally indicate an uptrend

However, during the same period, its weekly RSI has been moving in the opposite direction, from 92 to 51.

This means that the RSI is showing something entirely different from what the charts do.

This divergence is troubling because in technical analysis, a falling RSI alongside rising prices tends to come before a trend reversal

It indicates that upward momentum is fading and buyers are becoming more and more hesitant

This divergence encourages traders to lock in profits and adds further pressure on the price.

Another red flag is the resistance zone between $2.50 and $2.65. XRP has been unable to break through this ceiling.

Because of this, another failure around this level could be the proverbial straw that breaks the camel’s back.

On-Chain Data Confirms Weakening Network Activity

Technical charts aren’t the only things flashing warning signs

On-chain data from Glassnode also confirms that XRP’s blockchain activity has taken a hit over the past two months.

The decline in XRP on-chain metrics | Source: Glassnode

Back in March of 2025, the XRP Ledger saw a year-to-date high of 608,000 daily active addresses (DAAs)

Today, that number has plummeted to just 31,200. Such a drop indicates that fewer users are engaging with the network.

Historically, a decline in network activity tends to come alongside a lack of confidence in an asset’s future.

Data shows that new wallet creation is also down from a 2025 high of 15,800 to just 4,400 addresses

Overall, traders and investors should remain on high alert in the short term

If XRP fails to hold the $1.72 support zone, further losses could follow. On the other hand, holding this level could offer a much-needed comeback.

Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.