XRP's price has been steadily declining since its all-time high in January, experiencing a 35% drop. This has led to a decrease in the amount of XRP held in profit, indicating a bearish sentiment. The total supply in profit has also decreased, reaching a year-to-date low. On-chain data shows a decline in new demand, with fewer investors purchasing XRP, resulting in lower trading activity and weakened price support. The bearish pattern on the daily chart suggests further declines unless the price breaks above the trend line. XRP is currently trading at $2.17 and could potentially drop to $1.47 or climb to $2.93 depending on market conditions.



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