XRP Faces Potential Drop to $0.75, Analyst Warns

XRP Faces Potential Downturn, According to Technical Analyst

XRP’s weekly chart suggests a bearish continuation pattern, according to Aksel Kibar, a Chartered Market Technician (CMT) and experienced chart analyst. Kibar’s analysis indicates a possible price decline towards $0.75 if the current consolidation phase breaks down.

Kibar, who posts under the TechCharts account on X, has over 15 years of experience in global equity market analysis. He previously worked as a senior technical analyst and fund manager at Yapi Kredi Bank in Turkey and the National Bank of Abu Dhabi. His expertise has been recognized by veteran commodity trader Peter Brandt, who has described Kibar as “the most accomplished pure classical chart analyst alive today.”

Resistance at $1.60 Stalls XRP

Kibar’s recent analysis of XRP is concise: “$XRPUSD 1.6 resistance. Latest consolidation below the resistance and can act as a bearish continuation.” The chart, sourced from Bitstamp’s weekly timeframe, shows XRP trading around $1.28 after failing to surpass the $1.60 resistance level. This level is significant as it previously served as a support zone during the 2025 range, which peaked around $3.45. After XRP lost this support, the same zone has become a resistance level.

The current price action reveals a triangular consolidation pattern. The upper boundary of this triangle slopes downward from the failed recovery attempt, while the lower boundary rises from the post-breakdown lows. In classical charting, such a structure can resolve in either direction, but its location is crucial. A triangle forming after a major breakdown and below former support often signals a potential continuation pattern unless buyers can push the price back above the resistance.

Kibar’s $0.75 target is derived from the pattern’s measured move. The widest part of the triangle spans from approximately $1.67 to $1.12, a range of about $0.55. If XRP breaks below the triangle near $1.30, subtracting the $0.55 range yields a downside objective near $0.75. This target is a projected extension of the current compression if the market confirms a breakdown. However, the setup requires confirmation through a decisive break below the triangle before it can be considered a completed bearish signal.

Long-Term Trend Filter Adds to Bearish Outlook

Kibar also incorporates a long-term trend filter in his analysis. In the cryptocurrency market, he often uses the 365-day exponential moving average as a primary directional filter. When the price is above this average, it generally supports a more constructive bias; when the price is below it, caution is advised, especially when rallies stall below resistance.

In XRP’s case, the price is trading below the red long-term moving average at $1.74, while the average itself is above the current consolidation. This further reinforces the bearish interpretation. Buyers need to invalidate the triangle breakdown risk and also repair the broader trend structure by reclaiming lost resistance and moving back above the long-term average.

At the time of reporting, XRP was trading at $1.29.