XRP Chart Analysis Reveals Bearish Triangle Breakdown
- An XRP analyst has predicted more bearish pressure for the crypto token.
- The analyst spotted a massive triangle breakdown on XRP’s monthly chart.
- XRP’s ultimate rebound will happen in 2026 after Ripple wins the SEC in court.
An XRP analyst on X (formerly Twitter) has predicted more bearish pressure for the cryptocurrency before the Ripple vs. SEC case concludes in 2026. The analyst identified a significant triangle breakdown on XRP’s monthly chart after the altcoin closed below $0.42 last week.
According to the analyst, XRP has been in a primary WAVE 2 correction in an A-B-C pattern since its 2018 peak. They believe a WAVE C is unfolding, and the price is likely in WAVE 3 or 5, suggesting a sharp sell-off based on their chart analysis.
The analyst acknowledged the potential impact of the ongoing Ripple vs. SEC case on XRP’s price development. They noted that the case is expected to conclude by mid-2026, citing the Second Circuit’s timeline.
However, the XRP analyst thinks Smart Money sees buy targets around the points he highlighted as “3” and “4” on the posted chart. Those are points far below XRP’s current level, with point “3” even below the $0.12 price level.
The analyst also highlighted a pattern in the Ripple vs. SEC case: it started in 2020, and three years later, in 2023, the court ruled that XRP is not a security. They predict that Ripple will win the case in 2026, triggering a significant price pump for the embattled cryptocurrency.
XRP has been the subject of numerous predictions over long periods. The altcoin currently trades at $0.43629, rebounding from last Friday’s low of $0.38249, according to TradingView data .
As the Ripple vs. SEC case continues to unfold, XRP’s price remains a subject of intense speculation. While some analysts predict a significant price surge if Ripple wins in 2026, others caution that short-term bearish pressure may persist.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Firm behind DeFi platform dYdX in talks of selling the dYdX v3 software: report
Quick Take The DeFi derivatives exchange dYdX is in talks of selling some of its software for an undisclosed sum, Bloomberg reports. Shortly after news of the potential sale, the platform disclosed on X that it had been compromised.
Polymarket bettors are split on whether ETH will hit an all-time high after ETF launch
Eight exchange-traded funds tracking the price of Ethereum’s native token went live Tuesday, with some predicting billions of dollars worth of capital inflows in the coming months.Polymarket users, by and large, are skeptical ETH ETFs will push up the price of the cryptocurrency across several different betting pools.
