XRP Price at Risk of Declining to $1.80 Amid Potential Pattern Breakdown

XRP's price is facing downward pressure, potentially plunging towards $1.80 as it approaches a crucial support level on the daily chart, putting its bullish ascending triangle pattern in jeopardy.

Key Takeaways

Current Price: XRP is testing the lower edge of an ascending triangle pattern.
Support and Resistance Levels: Key resistance is around $2.65–$2.70 and support is at $2.40.
Potential Outcomes: If XRP closes below $2.40, it may drop to $1.80; a breach over $2.70 could push it towards $3.20.
Market Sentiment: A recent rebound has weakened, indicating a possible trend reversal.

XRP price

Analysis of XRP Price Pattern

At present, the XRP price is grappling with critical support levels, as it tests the minimal boundary of a mini ascending triangle pattern. With resistance hovering around $2.65–$2.70 and support forming at approximately $2.40, ascending triangles generally indicate a bullish trend continuation with a tendency to break upward.

However, recent movement shows a wicking below the lower trendline support. This occurrence, especially noted on the daily timeframe, raises the possibility of a downturn. A daily closing below $2.40 could invalidate the existing bullish contract and spark a more pronounced pullback towards the $1.80 target, determined via a measured move from the triangle's height at the point of breakdown.

On the flip side, if the price rebounds from support and subsequently breaks and closes above $2.70, this would affirm bullish momentum, potentially leading to price targets of around $3.20 in the short to mid-term. The 21-day exponential moving average (EMA) crossing upward, coupled with strong volume confirmation, would further fortify this bullish scenario.

XRP price daily chart | Source: TradingView

What Lies Ahead for XRP Price?

Shifting our focus to the lower 4-hour timeframe, XRP is beginning to exhibit signs of weakness as the latest rebound appears to be losing steam. The moving averages are starting to flatten out, suggesting that bullish momentum is diminishing.

Market analyst Ali Martinez indicates that XRP could aim for the next significant liquidity zone near $2.25, where there may be short-term buying interest. However, should this immediate support fail, the downward pressure might increase, possibly dragging XRP nearer to the $1.80 level.

$XRP showing signs of weakness. A retest of $2.25 might be next! pic.twitter.com/RMYX15hbRt — Ali (@ali_charts) November 2, 2025