• XRP price chart and whale activity warn of a drop below $1 XRP has formed a classic bearish pattern on its two-day chart, and if confirmed, a price drop to $0.80 could be in the cards over the next few weeks. • Cointelegraph in your social feed XRP (XRP) may slide deeper as its bearish chart structure converges with renewed whale activity on Binance. • Key takeaways: A developing bear pennant keeps an XRP price drop toward $0.80 in play. • A developing bear pennant keeps an XRP price drop toward $0.80 in play. • Rising whale inflows to Binance could push the price down further. • Rising whale inflows to Binance could push the price down further.
Article Summaries:
- XRP’s price may fall further as technical and on‑chain signals converge. A bear pennant has formed on the two‑day chart after a sharp drop toward $1.12, with tightening trendlines suggesting a potential 42 % decline to around $0.80 if the pattern breaks. Cointelegraph notes that a close below $1.20 would confirm bearish control, potentially pushing the pair to $1.11 and then $1. Concurrently, CryptoQuant reports a record 31 million XRP (≈$45 million) transferred to Binance on Feb. 21, driven mainly by large holders. This surge in whale inflows could add sell‑side pressure, making a near‑term recovery difficult.
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