Is XRP at Risk of a Breakdown Before 2026 Begins? Three Metrics Hint at Trouble
🔥 Key Takeaways
XRP’s Price Struggles Continue
XRP’s price has been struggling to gain momentum in recent weeks, and the past 24 hours have been no exception. The cryptocurrency is down 1.6% over the past day, and a staggering 16% lower than its price last month. This decline has left XRP as one of the weaker large-cap movers on the weekly chart.
A Descending Triangle Pattern Spells Trouble
Most of XRP’s price action is currently taking place near the bottom of a descending triangle pattern. This type of pattern often leads to continuation moves, which in this case, would mean a further decline in XRP’s price. The descending triangle pattern is characterized by a series of lower highs and a flat support line, which XRP is currently trading near.
Three Metrics Hint at Trouble
In addition to the descending triangle pattern, three key metrics suggest XRP may be at risk of a breakdown before the start of 2026. These metrics include:
* XRP’s Relative Strength Index (RSI), which is currently oversold and has been moving lower over the past week.
* The cryptocurrency’s moving averages, which are bearishly aligned and suggest further downside momentum.
* XRP’s trading volume, which has been declining over the past week and suggests a lack of buying interest.
Conclusion
XRP’s price struggles continue, and the descending triangle pattern, combined with the three key metrics mentioned above, suggest the cryptocurrency may be at risk of a breakdown before the start of 2026. As the year draws to a close, investors will be watching XRP’s price action closely to see if it can avoid a further decline.
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