Crypto: Xrp Price Chart And Whale Activity Warn Of A Drop Below $1 2026
XRP has formed a classic bearish pattern on its two-day chart, and if confirmed, a price drop to $0.80 could be in the cards over the next few weeks.
XRP (XRP) may slide deeper as its bearish chart structure converges with renewed whale activity on Binance.
A developing bear pennant keeps an XRP price drop toward $0.80 in play.
Rising whale inflows to Binance could push the price down further.
XRP has been forming what appears to be a bear pennant setup on its two-day chart.
A bear pennant pattern forms when the price consolidates inside converging trendlines after a sharp drop, called the “flagpole.” It often resolves with another leg down, roughly matching the initial decline.
On XRP’s chart, the structure emerged after the steep sell-off toward the $1.12 zone. The price has since compressed into a tightening triangle, remaining below key moving averages, reflecting weakening momentum.
Related: 4 data points suggest XRP price bottomed at $1.12: Are bulls ready to take over?
A decisive breakdown beneath the pennant support may open the door to a move toward the $0.80 mark, about 42% below the current levels.
Analyst BitGuru noted the support at $1.22, saying that if the altcoin holds this level, “we could see a trend shift and slow recovery soon.”
Source: CoinTelegraph
