XRP Price Risks 29% Drop as Exchange Inflows Surge and Bearish Pattern Forms

XRP is trading below the lower boundary of a symmetrical triangle pattern near $1.35, raising the risk of a confirmed breakdown if a daily close occurs beneath this level. Technical analysts note that validating the pattern could open the door to a deeper correction.

Based on the triangle’s measured move, the downside target stands near $0.95, representing roughly a 29% decline from current levels. A further break below the $1.20 support zone would expose the February low of $1.11, with psychological support resting near $1.00. On higher time frames, chart projections suggest that $0.80 could come into play if selling pressure accelerates.

XRP Exchange Inflows Point to Rising Sell Pressure

On-chain data shows more than 472 million XRP, valued at approximately $652 million, moved to Binance over the past week. Exchange balances have risen from 2.55 billion to 2.73 billion tokens in less than three weeks, a 7% increase.

Large inflows to trading platforms are often interpreted as a sign of potential selling activity, increasing short-term downside risk if demand fails to absorb the added supply.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.