"XRP, High Point Likely... Could Drop Up to 25%"

An analysis has emerged suggesting that XRP could drop by up to 25% when considering on-chain data and technical indicators.

On the 26th (local time), Cointelegraph stated, "On-chain data and technical indicators are warning of a high point for XRP," adding, "XRP could fall up to 25% to $1.76."

Particularly, attention was drawn to the realized market cap structure of XRP. The media noted, "Currently, over 70% of the realized market cap for short-term XRP holders was formed during the recent surge," adding, "Typically, a top-heavy realized market cap structure is vulnerable to price decline risks." It was explained that after the realized market cap for short-term holders surged in 2017 and 2021, there were subsequent sharp declines of 95% and 80%, respectively.

The sharp decline in network activity was also pointed out. Cointelegraph reported, "In March, the number of active XRP addresses hit an all-time high, but it has now decreased by about 90%," adding, "Typically, a divergence between price movement and on-chain activity occurs near a high point." It continued, "The weekly chart for XRP has failed to break through the upper trend of the falling wedge pattern. The possibility of a short-term correction has increased."

As of 8:24 PM, XRP is trading at $2.3358 on the Binance USDT market, up 2.04% from 24 hours ago.