XRP price at risk of a crash as two risky chart patterns form
XRP’s price is on track to drop for two consecutive weeks, as it pared back gains made earlier this year.
Ripple (
$XRP ) token was trading at $2.05, down by ~15% from its highest point this year, and technical analysis points to more downside in the near term.
The decline happened as market participants continued to react to the happenings in Washington, where the Senate Banking Committee withdrew the Market Structure Bill after objections by the biggest cryptocurrency exchange in the United States.
Ripple Labs has expressed suppor