XRP Breaks Below Triangle—Will Drawdown Extend To $1.14?
Summary
XRP recently broke below a daily Symmetrical Triangle, a bearish technical signal that often suggests continuation of the prior downward move. The pattern had contained XRP for months before a May breakdown under support, and the analyst projects a downside target near $1.14 if the move persists. XRP has continued to weaken since the break. A separate long-term monthly Parallel Channel may also be guiding price action. XRP reportedly tested channel resistance in 2025 and was rejected, with the current decline suggesting the mid-range around $0.73 could become a possible accumulation area if the channel remains intact. XRP is currently trading near $1.23, down about 8% over the past week.
