XRP News Today: XRP's Crossroads: Bulls Target $3.60, Bears Warn of $2.22 Slide

XRP faces a critical juncture as technical analysts highlight a bearish descending triangle pattern, warning of a potential drop to $2.22 if key support levels fail. Veteran trader Peter Brandt emphasized that a close below $2.68743 could trigger a sharp decline to $2.22163, citing the pattern's lower highs and horizontal support at $2.6 XRP Price Faces Risk of Drop to $2.2 Amid Bearish Chart Pattern^[1]. This analysis aligns with broader market pressures, as XRP has struggled to maintain its hold above $3 despite multiple retests, signaling weakening demand and heightened selling pressure XRP Price Faces Risk of Drop to $2.2 Amid Bearish Chart Pattern^[1]. The cryptocurrency's recent decline in market capitalization rankings, overtaken by BNB, adds to the bearish sentiment XRP Price Faces Risk of Drop to $2.2 Amid Bearish Chart Pattern^[1].

Technical indicators further underscore the vulnerability. The descending triangle, a classic bearish formation, has been reinforced by XRP's inability to break through resistance levels. On-chain data from Santiment noted elevated fear, uncertainty, and doubt (FUD) metrics-often a precursor to rebounds-though this remains speculative XRP Price Faces Risk of Drop to $2.2 Amid Bearish Chart Pattern^[1]. Meanwhile, declining momentum in the daily Relative Strength Index (RSI) suggests cooling buying pressure, with traders closely monitoring $2.68 as a pivotal threshold XRP Trades Above $2 in a Descending Triangle …^[2]. If the breakdown occurs, the pattern's projected target of $2.22 would represent a nearly 13% drop from current levels.

Bullish counterarguments, however, suggest XRP could stabilize or even rally. Analyst CasiTrades observed that XRP has maintained the $3 level for several days, with consolidation patterns often preceding strong breakouts XRP Price Faces Risk of Drop to $2.2 Amid Bearish Chart Pattern^[1]. She highlighted $4 and $4.50 as potential future resistance targets if the price surges. Similarly, Ali Martinez posited that a breakout above $3.15 could propel XRP toward $3.60, contrasting sharply with Brandt's bearish outlook XRP Price Faces Risk of Drop to $2.2 Amid Bearish Chart Pattern^[1]. Dark Defender added another bullish perspective, noting that as long as $1.95 support holds, a breakout from the descending triangle remains likely, with initial targets at $2.22 and $2.72 XRP price warning signs emerge after 300% gains in …^[4].

Market dynamics complicate the outlook. Whale activity and exchange reserves suggest ongoing distribution. XRP's supply held by large holders (over 1 million tokens) dropped by 180 million since December, while exchange reserves on Binance have risen, typically a bearish signal Is The XRP Price Rally Over At $2.22? New Developments Suggest …^[5]. These trends indicate increased token availability and potential downward pressure. Conversely, the CME Group's pending XRP futures launch-pending SEC approval-could attract speculative inflows, though immediate price reactions have been muted .

The broader market context underscores XRP's challenges. BNB's recent overtaking of XRP in market capitalization to third place highlights shifting investor priorities . With BNB trading at $1,311 and XRP at $2.89, the latter's $173 billion market cap trails BNB's $180 billion. This shift reflects Binance's ecosystem-driven growth and XRP's struggle to regain traction amid regulatory uncertainties. Ripple's ongoing SEC lawsuit, though not directly tied to current price action, remains a long-term overhang .

Traders and investors are now in a waiting game. A decisive move above $3.15 or below $2.68 will likely determine XRP's near-term trajectory. For bulls, a successful breakout could reignite momentum toward $3.60, while a breakdown risks testing lower support levels at $1.90 or even $1.63 XRP Trades Above $2 in a Descending Triangle …^[2]. The outcome will hinge on volume confirmation during key breakouts or breakdowns, as well as broader macroeconomic factors and regulatory developments.