XRP may be heading towards a troubling scenario, forming a bearish descending triangle on its daily chart. This pattern indicates a possible decline of around 45%, potentially dropping the price to $1.20. Current trends show a decrease in daily active addresses, signifying reduced transaction activity and liquidity in the market. Traders should monitor this situation closely as the risks of a significant downturn become apparent. As developments occur, market participants must stay informed to make strategic decisions in this unpredictable environment and react accordingly, ensuring their investments remain safeguarded.