[Analysis] "Ripple Expected to Drop 25% in January Next Year"

An analysis has emerged suggesting that Ripple could drop by about 25% in January next year.

On the 26th (local time), Cointelegraph stated, "Ripple could drop 25% in January next year," adding, "Recently, Ripple's price has shown a descending triangle pattern, indicating further decline." It continued, "The current critical support level for Ripple is $2.10," and "If it breaks below this, it will reach approximately $1.64, a 25% drop."

The media outlet noted, "Ripple's on-chain data is also negative," stating, "The amount of Ripple held by whales with over 1 million Ripple has decreased by 180 million since early December." It continued, "The holdings of whales with over 100,000 Ripple have also decreased by 170 million," explaining, "The selling activity of whales is overwhelming demand."

Furthermore, it added, "The continuous increase in Ripple holdings on Binance since mid-December is also a bearish signal," and "The increase in foreign exchange reserves also strengthens the profit-taking narrative, contributing to Ripple's bearish momentum."