Crypto: Xrp Faces $650m Sell Risk As Charts Hint At Prices Below $1 2026

XRP’s weakening technical setup suggests a drop below $1 could be in the cards over the next few weeks as supply rises on exchanges.

XRP (XRP) risked a further drop below $1 as its bearish technical setup converged with increased inflows to exchanges.

A symmetrical triangle breakdown puts XRP price drop toward $0.95 in play.

Over 472 million XRP worth $652 million transferred to exchanges suggests further selling pressure.

XRP’s 13% rally to $1.43 between Saturday and Sunday ran into a resistance wall at $1.39-$1.43, causing it to retrace to the current price of $1.34.

The cost-basis distribution heatmap shows that a large cluster of supply is within this area, where nearly 1.48 billion XRP were acquired over the last 30 days. This marks an area of stiff resistance for XRP, limiting upside potential.

The daily XRP price chart below shows that this area coincides with the upper trend line of a symmetrical triangle, which has suppressed the price since Feb. 1.

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The XRP/USD pair is trading below the lower trend line of the triangle at $1.35. A daily candlestick close below this level would validate the symmetrical triangle, clearing the path for a deeper correction.

The measured target of the prevailing chart pattern, calculated by adding the triangle’s height to the breakout point, is $0.95, about 29% below the current level.

Source: CoinTelegraph