XRP (XRP) value dropped beneath $1.50 over the weekend, its lowest stage in over 14 months. Now, a bearish technical setup on the charts means that the downtrend might lengthen all through February.
Key takeaways:
-
XRP’s bear pennant on the four-hour chart targets $1.22.
-
XRP futures open curiosity dropped to $2.61 billion, which supplies some hope for the bulls.
XRP value chart exhibits a textbook bear pennant
On Saturday, XRP value fell about 14% to a low of $1.50 from a excessive of $1.75, shedding the $1.60 assist stage for the primary time since November 2024.
The most recent drop has put it into the breakdown section of its bear pennant setup, as proven on the four-hour chart beneath.
Associated: Value predictions 1/30: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, XMR
XRP dropped beneath the pennant’s decrease trendline on Tuesday, then rebounded to retest it as assist. The worth is more likely to drop decrease if the retest fails and a four-hour candlestick closes beneath this stage at $1.58.
The measured goal of the bear pennant, calculated by including the peak of the preliminary drop to the breakout level, is $1.22, representing a 23% drop from the present value.
XRP’s restoration to $2.40 in January turned out to be a “fakeout” as “value fashioned a recent decrease low,” pseudonymous analyst AltCryptoGems mentioned in a latest put up on X, including:
“The downtrend stays intact and we’re on the verge of a disastrous collapse in an enormous no-support zone.”
Dealer and investor Alex Clay mentioned that after breaching the assist line of a double backside sample at $1.60, the trail is now cleared for a drop towards $1 or decrease.
As Cointelegraph reported, XRP’s subsequent main assist stage is close to its aggregated realized value at $1.48. If this stage is misplaced, it might put the typical holder underwater, a setup that intently matches the 2022 bear section that finally resulted in a 50% drawdown towards $0.30.
XRP patrons step again
The 90-day Spot Taker Cumulative Quantity Delta (CVD), a metric that tracks whether or not market orders are pushed by patrons or sellers, reveals that purchase orders (taker purchase) have been declining sharply since early January.
Whereas demand-side strain has dominated the order guide since November 2025, purchase orders have dropped sharply over the past 30 days, in accordance with CryptoQuant.
This means waning enthusiasm or exhaustion amongst XRP traders, signaling decreased bullish momentum and growing draw back threat for the worth.
Earlier sharp drops in spot CVD have been accompanied by 28%-50% value drawdowns inside weeks.
Nonetheless, within the present downtrend, one hope for the bulls is the declining XRP futures open curiosity (OI). It has dropped sharply to $2.61 billion on Wednesday, from $4.55 billion on Jan. 6.
When OI declines together with falling costs, it signifies a weakening bearish pattern or a possible pattern reversal.
This might present some gasoline for the bulls to check the necessary overhead resistance at about $1.85, a stage that served as assist all through most of 2025.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a choice. Whereas we try to offer correct and well timed data, Cointelegraph doesn’t assure the accuracy, completeness, or reliability of any data on this article. This text might include forward-looking statements which can be topic to dangers and uncertainties. Cointelegraph is not going to be accountable for any loss or harm arising out of your reliance on this data.
