XRP’s Bearish Trajectory: Could April Be the Turning Point?

After a volatile start to 2023, XRP is experiencing a significant decline, potentially signaling a deeper downturn in the near future. Recent losses exceed 35% since its January peak, and technical indicators suggest a worsening trend. An unfavorable chart formation could exacerbate this decline, with projections of a potential 25% further drop in the coming month. This bearish outlook is driven by a combination of factors including weak investor confidence and lackluster institutional support.