XRP Breaks Key Support: Analysts Warn of Deeper Decline

XRP has decisively broken below a key support trendline that had held firm since March 2025, a level that previously acted as a launchpad for multiple V-shaped recoveries earlier in the year. The price has now remained under the psychologically important $2 level for several days, confirming what analysts are calling a technical breakdown. According to data cited in the report, XRP is trading near $1.88, having fallen about 2% in the last 24 hours on a daily trading volume exceeding $3.4 billion.

The significance of this breach was highlighted by analyst ChartNerd, who stated on social media platform X, “$XRP is sweeping below its multi-month support trendline. It must reclaim this level by this weeks candle close or risk deeper water.” The charts show moving averages are falling, indicating less favorable price behavior and sustained bearish pressure. This lack of a strong bullish response to the current price action, despite the support area being honored multiple times since March, underscores the severity of the sell-off.

The breakdown has analysts divided on the immediate path forward. Veteran trader Peter Brandt has identified a potential double-top pattern on XRP’s weekly chart, a bearish reversal structure characterized by two local peaks. The neckline of this pattern sits near the $2 support level. Brandt cautioned, “This is a potential double top. Sure, it may fail, and I will deal with this if it does.” A failure to reclaim $2 could, according to this pattern, open the door to a move down toward $1.

However, other historical signals suggest a potential setup for a powerful recovery. Analyst Steph Is Crypto points out that XRP has a history of explosive rallies following prolonged periods below its 50-week simple moving average. During past cycles in 2017, 2021, and 2024, XRP spent between 49 and 84 days below this average before rebounding with staggering gains ranging from 70% to 850%. “Right now, XRP is sitting inside the same historical window,” he noted. Furthermore, with the weekly Relative Strength Index (RSI) near 37, XRP is entering a range often associated with oversold conditions and short-term rebounds, adding another layer of complexity to the outlook.

Amid the technical turmoil, a pillar of institutional support remains. According to data from SoSoValue, spot XRP ETFs have reported a cumulative $19 million in net purchases since the first US-based fund launched over a month ago. Although the inflow pace has slowed, the streak of positive net activity remains unbroken, indicating persistent institutional interest that could provide a floor under the price.

The immediate battle lines are clearly drawn for traders. To restore any short-term bullish momentum, buyers must propel XRP above the recent high of $2.27, last hit in late November. Failure to do so, and particularly a failure to reclaim the broken support trendline by the weekly close, keeps the market on alert for further downside. The next major support level is viewed near $1, a level that would come into focus if the selling pressure intensifies and the bearish patterns identified by analysts play out fully.