XRP could crash 40% by February from bearish technical conditions and signs of growing distribution by whales.
XRP (XRP) has dropped by 22.25% over a month after hitting $2.90, its highest level since January 2018, and was trading for as low as $2.26 on Jan. 10.
XRP/USD daily price chart. Source: TradingView
Profit-taking due to XRP’s overbought levels, strong US economic data, and the Federal Reserve’s hawkish pivot have been the primary reasons for the price decline.
