XRP Mirrors 2022 Breakdown Patterns: Will History Repeat Below $1?

XRP’s (XRP) price has declined nearly 10% since last Wednesday as macroeconomic pressures continue to weigh on the broader cryptocurrency market. Notably, three key patterns that last appeared in 2022 have resurfaced, fueling concerns that XRP could slip below the $1 level. 3 Historical Parallels Signal Growing Risk for XRP First, Glassnode’s data indicates that investors active in the 1-week to 1-month range are now accumulating at prices below the cost basis of the 6-month to 12-month holders. This shows that newer market participants are gaining exposure at more favorable levels source: https://beincrypto.com/xrp-market-structure-2022-pattern-drop-below-1/