XRP Faces 55% Decline as Network Activity Plunges

XRP has been on a downward trend after dipping below critical support levels at $2.00 and $1.90, making both zones of resistance.

Analyst Ali Martinez warns that XRP could drop by as much as 55% based on current market conditions.

The decline in network activity coincides with the holiday season, when investor participation typically decreases.

Whale investors have sold over 40 million XRP in recent days, continuing a two-month selling trend that began in November when spot XRP exchange-traded funds launched in the U.S.