XRP Price Under Pressure as Bearish Pattern Confirmed

XRP's recent price decline has left investors concerned about potential future losses. The cryptocurrency has fallen by 12% over the last five days, which has sparked fears of a deeper correction.

A bearish pattern on the three-day chart is seen as a key indicator of this downward trend. Technical analysts are warning that a drop below $1.40 could lead to a loss of nearly 53% and push XRP's price towards $0.65.

However, despite these concerns, institutional demand for XRP remains strong. Exchange-traded products have seen steady inflows over the last nine days, totaling nearly $95 million in cumulative investment.