Ripple (XRP) price has been drifting downward despite the positive sentiment surrounding the asset. A drop of about 30% in just four weeks has pushed the token to $1.92 at the time of writing, which could be raising fresh concerns among XRP investors.
TheCryptoBasic Page on X captured this unease by noting how the decline has continued even as expectations around XRP stayed upbeat. Curiosity could be toward a tougher question: Is XRP price going lower?
XRP Price Weakness Keeps Building
XRP slipped below the $2 psychological level after an 8% pullback within 24 hours. This placed its weekly loss around 15%, creating losses for anyone who entered the market earlier in the year.
TheCryptoBasic Page pointed to whale sell pressure and a broader market cooldown as key forces behind this weakness. Ripple has struggled to shake off this trend, and the structure on the chart adds more weight to the concerns.
The 8-hour XRPUSD chart reveals a descending triangle that started forming after the $3.10 high recorded on October 2. TheCryptoBasic page drew attention to this setup as it kept the price locked inside for weeks until a breakdown arrived on November 17.
A retest of the lower boundary near $2.20 failed, which encouraged further corrections. Losing that zone and failing to reclaim $2 has opened a path where the Ripple price could slide toward $1.55, a level that aligns with projections of a potential 12-month low.
Ripple Token Structure Signals Deeper Downside
Signals from the weekly chart add to the bearish narrative. XRP traded inside an ascending channel since November 2024, producing higher highs and higher lows. TheCryptoBasic Page noted that the weekly RSI did not support this upward momentum. It made lower highs across the same period, forming a bearish divergence.
This type of divergence often signals fading strength in an uptrend. XRP later broke below the ascending channel, confirming the weakness. Whenever Ripple loses a structure like this, price often experiences deeper corrections. Current conditions appear to match that pattern.
XRP Network Activity Is Shrinking
Ripple is also facing a sharp decline in user activity across the XRP Ledger. Daily active addresses dropped from around 577,134 in mid-June to about 50,725. TheCryptoBasic Page referenced this 91% decline as a sign of falling engagement during a period marked by uncertainty.
New addresses reflect the same shift. After touching about 13,527 on November 11, daily new users have fallen to 5,780. These drops tend to reduce liquidity and trading volume, which often pressures the XRP token during extended downtrends. The overall picture shows a network losing traction at a time when price stability is already challenged.
A move toward $1.55 represents an 18% slide from around $1.90. The technical and network factors both support this outlook. XRP price still has a chance to shift course, although the current conditions leave room for deeper corrections if buyers remain quiet.