Recent developments suggest that XRP may face a troubling decline of 50%. As it tests critical support levels within a weakening cup-and-handle formation, market sentiment is fraught with uncertainty due to a recent downgrade of the US government by Moody’s.

This downgrade has caused ripple effects across the cryptocurrency landscape, leading many traders to reevaluate the strength of their positions. The market is still reeling from the broader implications of such credit rating changes, and XRP could be particularly vulnerable.

Investors should monitor these developments closely. The outcome will depend on XRP’s ability to hold key support levels under pressure from the market’s volatility. Staying informed will be crucial as events unfold.