WordNet records no synonym and no antonym for drip loop. It is the only member of its synset, which is common for technical, taxonomic and single-sense vocabulary — there is no other English word that means the same thing. The broader and narrower terms below are the useful relations in that case.
Counts are distinct word forms across every sense. A synonym that appears under three senses is counted once here and shown three times below, under each sense it belongs to.
a downward hanging loop in a line that runs to a building
“when it rained water would fall from the drip loop before it reached the building”
Synonyms, antonyms and the broader and narrower relations for drip loop come from Princeton University’s WordNet. Full sources and licences.