XRP experienced significant volatility, surging nearly 10% to test the $1.50 resistance level before a sharp reversal. The move confirmed the upper boundary of a descending broadening triangle pattern, according to analyst Alpha Crypto Signal. Bearish momentum strengthened following the rejection, with weekly charts showing the asset trading below key moving averages and indicators like RSI and MACD reflecting sustained downward pressure.
XRP’s volatile cycle this week validated a descending broadening triangle pattern visible on shorter-term charts. According to the crypto analyst Alpha Crypto Signal, the structure formed through consistent lower highs and an expanding lower boundary.
Momentum accelerated as XRP surged nearly 10%, reaching the defined horizontal resistance zone around $1.50. The rally precisely tagged the upper boundary, attracting selling pressure and leading to a swift rejection.
After testing $1.50, XRP reversed sharply, sliding more than 10% from its local high. Bearish momentum indicators strengthened during the pullback, suggesting sellers had regained short-term control.
The technical setup for XRP remains, with the price respecting the descending resistance and lower trendline support. This sustains the integrity of the broadening triangle formation, indicating potential for continued rotational moves.
On weekly charts, XRP is in a downtrend after peaking above $3.00 in late 2025. The asset currently trades at approximately $1.28, below its 20, 50, and 100-period exponential moving averages.
Momentum indicators are also showing signs of weakness, with the RSI hovering near 30 and the MACD in negative territory. The weekly trend is considered bearish unless key averages are reclaimed by buyers.
