One XRP price metric hints at a 50%-plus price decline for the cryptocurrency in the coming months.
XRP (XRP) bulls should brace for a period of potential price declines in the coming weeks. At least four indicators, including a mix of technical, fundamental, and on-chain metrics hint at downside ahead.
The first indicator hinting at a potential downturn for XRP is a bear flag pattern.
A bear flag is a bearish continuation pattern characterized by a small, upward-sloping rectangle formed by parallel lines against the prevailing downtrend. It gets resolved when the price decisively breaks below its lower trendline, and falls by as much as the prevailing downtrend’s height.
