XRP is at risk of a significant 56% decline to $0.80 as network activity weakens and whale selling intensifies. Daily active addresses on the XRP Ledger have decreased by 16% to 38,500 in December, indicating reduced user engagement. Additionally, whale activity has resulted in a 40 million token reduction, suggesting increased selling pressure. Analysts, including Ali Martinez, caution that a break below $1.77 could lead to further declines. Marcus Corvinus also maintains a bearish outlook unless XRP breaks out of its current trading range.
XRP Faces Potential 56% Decline Amid Weak Network Activity and Whale Selling
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This content is for informational purposes only and does not constitute investment advice.
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