XRP is showing clear bearish pressure after several seller-dominated sessions, and technicals suggest that the token could be in for a steeper move lower. Since early February, XRP has been trading inside what looks like a consolidatory range — a symmetrical triangle on the 4‑hour chart — and one crypto analyst now warns that a breakdown from that pattern could shave roughly 30% off the price in the near term.
Analyst Ali Martinez, posting on X, points to the triangle’s structure — a series of lower highs and higher lows that squeeze price toward the pattern’s apex. When a symmetrical triangle resolves, it typically does so in a sharp move: a breakout above the upper trendline or a breakdown below the lower trendline. Martinez says XRP appears to have pierced the lower boundary, signaling downside momentum.
Traders often expect volatility to spike when the pattern resolves. Standard practice is to wait for confirmation of a true breakdown — for example, a retest of the trendline as resistance or the close of two consecutive bearish candles below the lower trendline — before committing. Using the triangle’s base as a measuring tool, Martinez calculates a potential target near $0.93, roughly 30% below current levels. He cautions that this is a theoretical projection and could change with broader market conditions.
At the time of writing, XRP is trading around $1.34, roughly 0.6% higher on the day. As always, technical patterns give probabilities, not certainties; traders should watch for confirmation and keep an eye on overall crypto market sentiment before drawing conclusions.
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