XRP price faces decline amid economic concerns and technical patterns. Stay informed with Cryptocurrency news.
According to Crypto.news, the price of XRP has been declining this week, reaching its lowest level since March 11th. This decline coincides with economic concerns in the US and Trump’s retaliatory tariffs. Recent reports indicate an increase in inflation and a decrease in consumer confidence, raising the possibility of a recession. Despite positive news such as Ripple’s partnership with Chipper Cash and obtaining new licenses, XRP price has failed to show an upward trend. Technical analysis shows XRP forming a head and shoulders pattern, which could be a sign of further decline. A drop below the support level of $1.9515 could bring the price down to $1, equivalent to a 53% decrease from the current level.
