XRP continues to display signs of weakening momentum as sellers maintain pressure on the market. The asset has recorded a slight decline in the past 24 hours and is down by approximately 11% over the last week, reflecting the broader downturn across major cryptocurrencies.
Despite this short-term weakness, XRP remains marginally profitable for investors who entered the market at the beginning of the year. The token has gained 2.58% on a year-to-date basis, positioning it alongside BNB and Tron as the only top-10 digital assets still showing positive returns in that period.
Most other large-cap cryptocurrencies have surrendered earlier gains due to ongoing corrections.
$XRP
Lost the previous breakout level.
Looks headed back to $1.50 area. pic.twitter.com/8VskyzrPXk— Nebraskangooner (@Nebraskangooner) November 17, 2025
Failed Breakout Raises Concern
Market analyst Nebraskangooner has issued a cautious outlook for XRP, indicating that the token may be at risk of extending its downward movement. According to his assessment, XRP’s inability to confirm a breakout from a long-standing technical pattern is a key factor supporting a bearish scenario.
He specifically referenced a descending triangle visible on the weekly chart, noting that XRP approached the upper boundary of the formation in late October but failed to secure upward continuation.
The chart indicates that the triangle originated after XRP reached its yearly high of $3.66 in July. Subsequent trading activity kept the token within the confines of this formation until recent market conditions pushed it lower. Sellers eventually forced XRP below the triangle’s lower support zone near $2.20, marking a significant shift in structure.
Based on this breakdown, Nebraskangooner projects that XRP could decline toward the $1.50 region. This level represents an estimated 30% slide from the current trading price of around $2.09.
Shift in Long-Term Holder Sentiment
In addition to technical weakness, changes in investor sentiment may intensify downward pressure. Data from Glassnode suggests that long-term holders have gradually moved away from the optimism observed earlier in the year. Their sentiment has transitioned from strong confidence to a more cautious stance as XRP continues to struggle with sustained upward momentum.
This analysis relies on the net unrealized profit/loss (NUPL) metric for long-term holders, which evaluates whether these investors are predominantly sitting on gains or losses. The metric compares the market value of XRP to the realized value to determine the aggregate profitability of this group.
Recent readings place long-term holders in the “anxiety” category. This state is characterized by modest unrealized gains but increasing uncertainty about future market direction.
The shift toward anxiety implies that long-term participants are becoming more sensitive to price fluctuations. It also signals a greater likelihood of selling activity compared to earlier phases, when unrealized profits were larger and confidence was higher. This transition has appeared as XRP hovers near the $2 threshold, a level that carries psychological relevance for many traders.
While the broader sentiment remains cautious, the coming weeks may provide clarity on whether XRP can stabilize above key support zones or whether the downward trend highlighted by analysts will persist. For now, technical indicators and sentiment signals continue to point toward the possibility of additional weakness unless buyers reclaim lost ground.