- Price XRP approached the top of a symmetrical triangle pattern, which may signal an imminent pullback.
- The downward movement may throw off token to support at $1.
After a consolidation that lasted more than 12 weeks, the price XRP approached the top of a symmetrical triangle pattern, which could signal a pullback in the near future.
Despite the reduction in supply on the exchanges, the price has been rising over the past year XRP signals further weakening. Earlier this year token has lost a key support level around $1,80, which served as a strong barrier to buying in 2025.
Daily chart XRP/USD. Source: TradingView
Due to the low liquidity of the token, which was exacerbated by the collapse of the cryptocurrency on October 11, 2025, the price XRP constantly faces a downward trend. In addition, recently Altcoyin bounced off the 100-day simple moving average (SMA) again.
So the price XRP may break the multi-week ascending support level and move below the $1 level. A confirmed close above the descending resistance line would invalidate the bearish structure and signal the start of a new bullish move.
From a technical analysis point of view, the price XRP could be trapped in the first wave of a correction in Elliott’s macrowave theory, which states that markets move in five waves driven by the collective psychology of investors, according to analysis trading expert Egrag Crypto. The analyst suggested that the price XRP has not yet completed the second wave, and the next main targets are in the $1,13 region.
Three day schedule XRP/USD. Source: TradingView
Egrag Crypto noted that the price XRP could fall to the liquidity zone between $0,90 and $0,73, especially if support near $1,13 fails to hold. Furthermore, $0,73 coincides with the 3-day Fibonacci retracement level of 0,702.
Despite the long-term decline in exchange volumes, short-term influxes are increasing selling pressure in the near term. Over the past 24 hours, 7,500,156 were transferred to 41 monitored exchanges. XRP, the cost of which at the time of publication was approximately $10,63 million, are as follows: data user @Chachakobe4er.
Proposal XRP on 41 leading cryptocurrency exchanges. Source: @Chachakobe4er
Historically, supply growth has been XRP on cryptocurrency exchanges led to increased selling pressure and further correction. As a result, if the offer XRP The stock market will continue to rise in the coming days, and bearish pressure will intensify.
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