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3 reasons why XRP price could drop 25%-30% in March -Breaking

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Ripple‘s XRPPrice risks of dropping more than 25% over the next weeks are due to a bearish multimonth setup and concerns about excessive XRP supplies.

XRP is consolidating within a Triangle pattern in descending order since topping out at its second-highest level to date — near $1.98 — in April 2021.

Chart of weekly candles. Source: TradingView
Daily price chart for XRP/USD with bearish hammer. TradingView
Chart of XRP/USD Weekly Candle Prices with Moving Average Resistances TradingView
XRP circulating supply Source: Messari

Profit-taking risks mount

XRP price versus $XRPNetwork trend. Source: Santiment