XRP Faces Up to 40% Price Drop According to Historical Patterns

XRP is facing a potential deeper correction, which could see its price drop by as much as 40% to between $0.80 and $0.65.

This prediction comes from Pluang, which suggests that XRP's recent performance has been bearish, with the cryptocurrency closing below its monthly 50-period moving average for the second month in a row.

Historical patterns indicate that XRP could fall to this range, aligning with long-term support levels and a key Fibonacci retracement zone.

However, the monthly RSI (Relative Strength Index) indicates a possible buy signal within 3-4 months, suggesting that further downside may occur before prices rebound.