After confirming the bearish pattern in the Whale dumping, XRP price faces a 25% risk of falling.

The 20-day simple moving average has now fallen below the 50-day moving average, which is a typical technical signal that usually indicates further downward momentum, intensifying the bearish outlook.

The momentum indicators are also flashing warning signals. Both the MACD and RSI lines are sloping downwards, adding another layer of confirmation to the bearish pattern.
Currently, the nearest key support is at $2.32, which aligns with the 23.6% Fibonacci retracement level drawn from the swing low on June 22 to the peak on July 18. A thorough fall below this level could accelerate losses, with the next downside target close to $1.90, a figure derived by subtracting the height of the triangle from the breakout point.

The support zone at $1.90 has been tested multiple times this year and has become a key support level where buyers are trying to intervene. This zone is nearly 25% lower than the current price.

On the other hand, the recent resistance level is $2.74. If the bulls regain control of the market, a decisive breakthrough at this level may signal the end of the current downtrend and possibly pave the way for a bullish reversal.