The cryptocurrency XRP is experiencing a significant price drop today, with losses exceeding 5% in the past 24 hours. This decline comes as broader market weakness and technical indicators suggest a weakening trend for XRP. Analysts warn of further declines if the asset fails to recover momentum. XRP is currently trading at $2.81, significantly lower than its all-time high set in July. Market analysts have pointed out a breakdown pattern on charts, highlighting the asset’s struggle to maintain key support levels. Peter Brandt, a renowned trader, shared his concerns about this trend on Twitter, noting that the XRP chart appears headed for further decline. While the broader cryptocurrency market is also facing pressure, with Bitcoin’s recent attempt to reclaim $117,570 failing, XRP is particularly vulnerable given its rapid ascent in July. The pullback coincides with months of optimism surrounding the token but has accelerated due to the speed of its previous gains. Despite a general sell-off in retail investors, large investors appear to be seeing an opportunity. Whales are actively accumulating XRP on exchanges like Upbit, reflecting continued interest at lower prices. While this provides a potential advantage for long-term holders, it may also leave smaller investors vulnerable as larger players capitalize on the correction.