XRP Price Plummets as Analyst Warns of 55% Decline

XRP's price has dropped below critical support levels at $2.00 and $1.90, making them resistance zones on the chart.

According to analyst Ali Martinez, XRP faces a potential 55% decline based on current market conditions.

The token's network activity has declined, with active addresses falling from 46,000 to under 39,000 within several days.

This drop 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 with the launch of spot XRP exchange-traded funds (ETFs) in the U.S.