Over the last 5 days, XRP fell 12%. Confirmation of the bearish pattern indicates that there is a risk for further declines.
Takeaways from the conference:
- The bear pennant on the three day chart of XRP/USD points towards a 52.5% possible drop to $0.65.
- A recovery of the XRP is supported by the persistent demand from institutions through products traded on exchanges.
XRP’s descending triangular breakdown has begun
On the chart of the last three days, since the beginning of February the pair XRP/USD is consolidating within a negative pennant.
Bear pennants, in technical analysis are usually viewed to be continuation patterns of bearish price movements. This pattern was confirmed after the price broke through the pennant’s lower trendline at $1.40 as seen in the chart.
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To determine the downside target, take the pennant post’s height (the initial fall) and place it below the point at which the price has broken the lower trendline of the pattern.
XRP/USD three-day chart. Source: Cointelegraph/TradingView,
XRP is expected to reach a measured price of $0.65 or about 52.5% lower than current levels.
XRP Stoch RSI chart on the weekly chart “has confirmed a deathcross, marking the third time this signal has flashed since the July‑2025 ATH,” ChartNerd, the technical analyst said Recently, a post was made on X.
After the January cross, there were two previous crosses that produced corrections about half as deep. “relief rally into a weekly 20/50 EMA death cross,” “The analyst stated, adding”
“A failure at the weekly 20 (just retested) or the weekly 50 ($1.80) will likely open the next leg down later in the year.”
Weekly chart of XRP/USD. Source: X/ChartNerd
Over the past seven days, the daily RSI dropped from 63 to 42. This suggests a growing bearish trend.
Cointelegraph reportedBuyers are expected to defend $1.27 aggressively as a closing below this level may bring the pair XRP/USDT down to $1.11, and then to the psychological $1.
XRP price shuns ETF demand
Even though institutional sentiment has remained relatively positive in the US, steady influxes of XRP-based ETFs have been seen.
XRP ETFs grew by $750,000 according to SoSoValue data on Monday. It was the ninth consecutive day of net inflows. The total amount is $95.5million. This streak has brought the cumulative inflows up to $1.4 billion. Assets under management (AUM), on the other hand, have risen to $1.14 Billion.
Spot XRP flows chart. Source: SoSoValue
Investment products based on Global XRP are also available. registered weekly inflows of approximately $67.6 million During the week of May 15th, Bitcoin (BTC), Ether (ETH), and other cryptocurrency outflows were $981.5 and $250 millions respectively.
Table of global crypto ETP flows. Source: CoinShares
The institutional demand for XRP is increasing. “heating up, signalling growing confidence in regulated crypto exposure,” TronWeekly said On Tuesday, I posted a message.
Cointelegraph reportedStrengthening technical validation passage of the CLARITY Act in the US XRP recovery could be aided by a recovering network.
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Source: cointelegraph.com
