XRP Price Could Drop 20% Before Next Rally, On-Chain Data Suggests

XRP has recently increased in value, but data suggests it might decline by 20% before rising again. Exchange reserves on Binance have reached levels not seen since January 2025, a situation that previously led to a price drop. Large XRP holders are also moving significant amounts of XRP, which has historically indicated upcoming price corrections. Technically, the price could fall to around $2.34, a key level based on Fibonacci retracement. However, if XRP stays above $2.77 and exchange reserves decrease, the price may continue to increase instead. The immediate support levels to watch are $2.80 and $2.77; breaking below those could trigger the predicted decline. This bearish prediction would be wrong if XRP can hold above $2.77.