XRP Price Risks 25% Drop With Inverse Cup And Handle

XRP, the cryptocurrency that is tied to Ripple Labs, is nether onslaught arsenic it has a imaginable diminution successful terms for April.

After its multi-year precocious of $3.40 successful January, XRP has dropped implicit 35% since then, presently trading astatine astir $2.13. Analysts are pointing to much losses with immoderate bearish method patterns and weakening enactment from large holders.

XRP Price Chart, Source: TradingView

One of the strongest informing signs is simply a method signifier forming connected XRP’s terms illustration known arsenic the “inverse cupful and handle.” This signifier is renowned for predicting declines.

It looks similar an inverted teacup, with a curved diminution arsenic the “cup” and a little sideways question arsenic the “handle.” When the terms breaks beneath the bottommost of the handle, it typically leads to a much pronounced decline.

On the XRP chart, the “cup” apical happened connected March 19 and decreased gradually implicit the month. From that clip on, it has trended horizontally successful a set betwixt $2.05 and $2.20 to signifier the “handle.” If it drops beneath there, the terms volition plunge toward astir $1.58 — much than 25% off.

Another informing is from the VPVR indicator, which indicates trading measurement astatine assorted terms levels. It indicates that $2.10–$2.20 is coagulated support. But if XRP goes beneath this, there’s not overmuch trading below, truthful the terms whitethorn autumn further.

Large XRP investors, oregon whales, have been unloading since precocious 2024. Even arsenic prices rose, they continued to sell, demonstrating that they didn’t person religion successful the rally.. The selling has carried implicit into 2025, truthful ample investors mightiness not person a batch of religion successful XRP currently.

On apical of these capitalist and method issues, wide economical uncertainty is besides coming into play. New tariffs ordered by U.S. President Donald Trump and a dovish effect from the Federal Reserve person chilled wide marketplace sentiment, which successful crook tin proceed to carnivore down connected XRP and different cryptocurrencies.

Also Read: XRP Price May look 40% Drop arsenic Trump Tariffs Sparks Fear