XRP Price Analysis: Descending Triangle Breakdown Meets Target

Market watchers have followed XRP closely this week. Market pressure has pushed the asset lower, despite the recent launch of a spot XRP ETF. As a section of the market is bearish, ChartNerd (@ChartNerdTA), a well-known technical analyst, has offered a different reading of current conditions.

Cointelegraph’s Warning on XRP

Cointelegraph released a brief market update that presented a sharp view of potential downside. The outlet noted XRP’s 11% decline from last week. It then pointed to a descending triangle pattern and a bearish RSI divergence that could force a continued decline.

These raised the risk of a deeper move toward $1.55. The report framed the situation as a firm threat to the next stage of price action. It portrayed the technical picture as fragile and suggested that momentum had weakened.

ChartNerd Rejects the Bearish Interpretation

ChartNerd responded with a detailed rebuttal. He posted his own assessment and offered three key points to explain why he believed Cointelegraph misread the chart. His first point was that the descending triangle breakdown has met its target.

He attached a chart showing XRP’s decline, which pushed it below the bottom trendline of the triangle. The triangle has already reached completion, and any claim of extended breakdown pressure does not apply.

ChartNerd also revealed that a bullish divergence is forming on the daily timeframe. This pattern often signals exhaustion in a downtrend. It also refutes reports of a bearish RSI divergence and strengthens ChartNerd’s bullish stance. He then added that “No structure has been lost.” He referred to the headlines as misleading.

What Comes Next for XRP?

ChartNerd believes that XRP now sits at a point where traders should monitor momentum shifts. XRP is trading at $1.96, but ChartNerd is confident in his analysis. He treated the decline as a closed event. His focus now rests on whether the bullish divergence strengthens in the coming sessions.

If it does, the asset may consolidate and attempt a rise toward previous levels. He did not make any guarantee or offer a specific target, but the chart does not signal fresh structural damage.

XRP’s recovery will also be supported by institutional interest. While ETFs have not impacted the price, more products are launching. Institutional interest is rising, and XRP could experience a notable surge as ETFs begin to see more inflows.