XRP extended its volatility cycle this week, validating a descending broadening triangle pattern visible on the four-hour chart. According to the crypto analyst Alpha Crypto Signal, the structure formed through consistent lower highs and an expanding lower boundary, signaling widening price swings.
Traders closely monitored the tightening compression, anticipating a decisive move toward either resistance or deeper support levels.
Source: Alpha Crypto Signal X Post
Momentum accelerated as XRP surged nearly 10%, reaching the well-defined horizontal resistance zone around $1.50. The rally precisely tagged the upper boundary of the formation, completing a textbook range expansion.
Liquidity clustered at this level, attracting selling pressure and signaling that bulls would need stronger conviction to sustain any breakout attempt.
Also Read: XRP Demand Surges 212% as Institutional Accumulation Signals Possible Supply Shock
Rejection followed swiftly. After testing $1.50, XRP reversed sharply, sliding more than 10% from its local high and drifting back toward descending trendline support.
Bearish momentum indicators strengthened during the pullback, suggesting sellers had regained short-term control and reinforcing the broader range-bound structure rather than confirming bullish continuation.
Despite the sudden reversal, the technical setup for XRP is still in place, with the price respecting the descending resistance level and the lower trendline support, thereby sustaining the integrity of the broadening triangle formation.
As long as the price respects the boundaries, traders can always expect more rotational moves, with the increasing volatility set to present more trading opportunities in the coming days.
According to TradingView, the XRP price is in a downtrend in the weekly chart after making a high above $3.00 in late 2025.
The price is currently at $1.28, and the asset is trading below the 20, 50, and 100 EMA, indicating that the bears are in control. The 200 EMA is at $1.41, and it is being used as a resistance for the asset.
Source: TradingView
Momentum indicators are also showing signs of weakness. RSI is hovering near 30, which indicates that it is in an oversold region but lacks strong bullish divergence.
Also, the MACD is in the negative region, showing expanding histogram bars, along with a bullish signal crossover. It seems like selling pressure is dominating. Even though the stock may face a temporary relief rally, the weekly trend is still bearish unless the key averages are reclaimed.
Also Read: Evernorth Signals Massive XRP Opportunity in Asia’s $100T+ Wealth Market
