XRP price faces Q4 rout and 20% drop By Cointelegraph

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XRP price has dropped 18.5% from its local high of $0.67 on Nov. 23, and it appears the cryptocurrency will suffer more selloffs in the coming weeks.

XRP (XRP) has failed to break above a descending trendline resistance since January 2018, and it fell short of logging a breakout above in November 2023 as well, illustrating psychological selling pressure around the line.

weekly price chart. Source: TradingView
XRP supply distribution. Source: Santiment
Net flows across cryptocurrency-focused investment funds. Source: CoinShares