XRP Price Faces Potential Crash as Bearish Patterns Emerge

Ripple (XRP) experienced a significant decline on Monday, reaching a crucial support level and signaling potential for further losses in the coming days. The coin’s price dropped to $2.40, falling nearly 30% from its peak this year and officially placing it within a bear market. This selloff coincides with broader weakness across the cryptocurrency market as Bitcoin (BTC) remained below $100,000. The crypto fear and greed index has dipped into the fear zone at 38, while the altcoin season index also declined.