XRP Price Prediction: XRP Risks Drop to $1 as Bulls Lose Triangle Support

Key Insights:

• XRP price has broken below a multi-month symmetrical triangle after losing support near $1.30.
• Analysts now watch Fibonacci support near $1.28 and $1.24, with $1 next if weakness continues.
• Spot flows show 14.86 million XRP leaving exchanges, even as futures traders reduce exposure.

XRP price traded near $1.30 after a broader crypto market selloff erased nearly 7% of its weekly value. The decline pushed the token below a multi-month symmetrical triangle, weakening a structure that had contained price action since late January.

The move came as traders reduced futures exposure while spot exchange balances continued falling. Market participants are now watching whether XRP can stabilize above nearby support levels or extend losses toward lower technical zones.

XRP Price Breaks Multi-Month Triangle Structure

XRP price has entered a sensitive area after slipping below a multi-month symmetrical triangle that had guided price action since January 31. The structure formed as XRP printed lower highs and higher lows, showing compression between descending resistance and ascending support.

That setup has now weakened. ChartNerd noted that XRP price swept below the $1.30 guardrail and is searching for its lowest daily close since early February. The analyst marked the current Fibonacci support area between $1.28 and $1.24, with the $1 level likely to open sooner if this zone fails.

The daily chart also showed XRP struggling after repeated rejection near the upper boundary of the triangle. Earlier attempts to push higher failed around the $1.65 resistance area, which has acted as a major ceiling since February. Each rejection left the trend weaker, and the recent breakdown confirms that sellers have gained control in the short term.

Unless buyers push XRP back into the triangle quickly, the structure points to more downside. A reclaim of $1.30 would ease some pressure, while a close below $1.24 could shift attention toward the wider $1.08 to $0.86 zone.

Analysts Watch Deeper Accumulation Zones

Meanwhile, Crypto Patel sees the weakness as part of a broader accumulation phase rather than a failed long-term setup. His chart places the first accumulation zone between $1 and $1.20, which has now been reached.

The second area sits between $0.85 and $0.70, while the third zone is marked between $0.65 and $0.50. Patel described these levels as long-term accumulation zones, not short-term targets. His broader targets remain $3, $7, and $10 if XRP later confirms a stronger cycle recovery.

The chart also showed XRP price reacting near a fair value gap support region. This area sits close to current levels and may decide whether buyers begin defending the pullback. If support holds, XRP could attempt a recovery toward the $2.10 support-resistance area before retesting the $3.50 resistance zone.

Still, a deeper flush remains possible. CasiTrades also highlighted the next major buy zone between the 0.786 and 0.854 Fibonacci levels, around $1.08 to $0.86. From current prices, that implies a further 15% to 32% pullback before the next stronger demand area appears.

Rising Wedge Breakdown Adds Pressure

At the same time, Crypto With Gopal pointed to a bearish rising wedge breakdown after weeks of weakening momentum. The chart shows XRP making higher highs inside the wedge, but buyers failed to sustain strength near resistance.

After support broke, sellers reclaimed the situation, driving prices down on a series of bearish daily candles. The breakdowns add even more to the triangle failure, as both structures now indicate a downward momentum in the near term.

The key level remains the broken support zone near $1.30. If XRP price retests that area and faces rejection, the move could confirm it as new resistance. That would raise the probability of a drop toward $1.24 first, then $1.08.

However, a quick recovery above $1.30 would challenge the bearish setup. Bulls would still need to clear $1.40 and later $1.65 before the broader structure improves.

Futures Weakness Contrasts With Exchange Outflows

XRP liquidations reached approximately $19.22 million during the past 24 hours. Long positions represented roughly $18.8 million of that figure, indicating that leveraged bullish exposure absorbed most of the liquidation activity.

Futures inflows totaled approximately $763.5 million while outflows reached roughly $865 million, creating a net outflow of about $102 million. The data suggested traders reduced exposure during heightened volatility.

Exchange inflows totaled approximately $127.30 million while outflows reached $142.16 million. The difference represented a net outflow of roughly 14.86 million XRP from trading platforms.

Exchange withdrawals sometimes indicate accumulation activity, although they do not guarantee future price appreciation.

For now, XRP remains focused on the support region between $1.24 and $1.28. A break below that zone would shift attention toward $1.08 and potentially $0.86, while a recovery above $1.30 would weaken the current bearish structure.

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