XRP exhibits a descending triangle pattern with critical support near the $1.80–$2.00 price range, signaling potential downside risk according to technical analysis.
Historical data indicates this pattern carries a 54% probability of breakdown, which could drive XRP toward the $1 price level if support fails. Some traders interpret the structure as a bullish falling wedge formation, though market dynamics currently favor bearish sentiment.
The key support zone remains pivotal, as a decisive break downward may accelerate selling pressure toward XRP’s realized price near $1. Conversely, fundamental developments could reverse bearish momentum—progress in the ongoing SEC vs Ripple lawsuit and approval of a spot XRP ETF represent significant upside catalysts with potential targets near $3.35.
Traders are advised to closely monitor price action around the $1.80–$2.00 threshold, where a breakdown or rebound will likely determine XRP’s near-term trajectory. Risk mitigation strategies including stop-loss orders remain prudent given current technical uncertainty.