XRP Price Risks Fall To $0.75 As Top Chartist Warns Of Bearish Setup
Veteran chartist Aksel Kibar warns that XRP faces a bearish continuation risk with a potential downside target of $0.75 if the current triangular consolidation breaks below support. Trading at $1.29, XRP has failed to reclaim $1.60 resistance and sits below its 365-day exponential moving average, suggesting limited near-term upside without a decisive recovery.
XRP's price action is forming a classical technical pattern that seasoned chart analysts interpret as potentially bearish. The consolidation triangle emerged after XRP lost the $1.60 resistance level—a critical support zone from the broader 2025 trading range—which now acts as overhead resistance. Kibar's analysis applies measured-move methodology to derive the $0.75 target, calculating the triangle's height at approximately $0.55 and projecting this downward from the breakdown point near $1.30. This mechanical approach grounds the forecast in classical charting principles rather than arbitrary support levels.
The broader technical context reinforces concern. XRP trades below its 365-day exponential moving average at $1.74, a long-term trend filter that typically signals caution when price attempts rally into overhead resistance but fails. This combination—a triangular consolidation after a major breakdown, positioned below former support, and occurring below a significant long-term moving average—represents the type of multi-layered bearish setup that experienced technical analysts monitor closely.
For XRP holders and swing traders, the setup introduces execution risk if the triangle fails to hold. However, the pattern remains incomplete; buyers retain the ability to invalidate the bearish scenario by reclaiming $1.60 and moving back above the 365-day average. The current consolidation acts as a decision point rather than a confirmed breakdown. Market participants should monitor volume patterns and price action near $1.30 to determine whether accumulation or distribution is occurring. Confirmation of a break below the triangle boundary would substantially increase the probability of XRP reaching the projected $0.75 level.
- →XRP's triangular consolidation below $1.60 resistance suggests potential downside to $0.75 if support breaks, based on measured-move methodology
- →Price trading below the 365-day exponential moving average at $1.74 adds weight to bearish technical interpretation and requires recovery through multiple resistance layers
- →The setup remains incomplete; buyers can invalidate the bearish scenario by reclaiming $1.60 and pushing back above the long-term moving average
- →Chartist Aksel Kibar, CMT, brings 15+ years of institutional experience and endorsement from veteran trader Peter Brandt, lending credibility to the analysis
- →Current consolidation near $1.30 serves as a critical decision point requiring volume and price confirmation to determine directional breakdown