XRP Price May Drop Another 30% Amid Increased Exchange Inflows

XRP is facing the risk of dropping below $1, currently trading at $1.34, as its technical chart shows a bearish symmetrical triangle breakdown with a measured target of $0.95. This pattern is confirmed if the price closes below the lower trend line at $1.35. Furthermore, significant selling pressure is indicated by over 472 million XRP, valued at about $652 million, being transferred to exchanges like Binance in the past week, marking the largest February inflow. Such large transfers often signal investor readiness to sell, increasing short-term selling pressure. Analysts suggest that if support around $1.20-$1.22 holds, a rebound toward $1.80–$2.20 might occur, but the current technical and on-chain data points toward further downside risk.

(Source：Cointelegraph)