XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline

XRP on-chain data highlights distribution activity among whales, which may weigh down the altcoin’s price in the short term.

XRP (XRP) price has plunged more than 35% since reaching a multi-year high of $3.40 in January — and the downtrend may deepen in April as new bearish signals emerge.

Let’s examine these catalysts in detail.

XRP’s recent price action is flashing a classic bearish reversal signal dubbed “inverse cup and handle formation.”

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