{"id":9257,"date":"2022-03-13T17:50:12","date_gmt":"2022-03-13T17:50:12","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/3-reasons-why-xrp-price-could-drop-25-30-in-march\/"},"modified":"2022-03-13T17:50:14","modified_gmt":"2022-03-13T17:50:14","slug":"3-reasons-why-xrp-price-could-drop-25-30-in-march","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/3-reasons-why-xrp-price-could-drop-25-30-in-march\/","title":{"rendered":"3 reasons why XRP price could drop 25%-30% in March"},"content":{"rendered":"
XRP\u00a0price\u00a0risks dropping by more than 25% in the coming weeks due to a multi-month bearish setup and fears surrounding excessive XRP supply.<\/p>\n
XRP has been consolidating inside a descending triangle\u00a0pattern since topping out at its second-highest level to date \u2014 near $1.98 \u2014 in April 2021. <\/p>\n
In doing so, the XRP\/USD pair has left behind a sequence of lower highs on its upper trendline while finding a solid support level around $0.55, as shown in the chart below.<\/p>\n