XRP has experienced a continued decline in recent weeks, with its chart displaying technical patterns that many bullish investors have been reluctant to acknowledge. Crypto analyst JD (jaydee_757) highlighted a significant shift in the token’s momentum, warning that current signals point to further downside unless XRP can overcome a critical resistance level.
The evolving head and shoulders pattern
JD analyzed XRP’s movements on a 2-day chart, identifying a head and shoulders formation that takes shape between August and November. The left shoulder was defined by XRP’s rapid price surge in August, followed by a brief consolidation. In September, a larger spike formed the pattern’s head.
By October, the right shoulder topped out around $1.35, but JD noted a key structural weakness: “Not a textbook head and shoulders, as the right shoulder is much lower than the left.” This irregularity, according to JD, signals diminishing momentum with each peak.
JD pointed out that XRP is displaying a possible head and shoulders breakdown on the 2-day chart, with the right shoulder much lower than the left, making lower lows and converting former support at $1.30 into resistance. He emphasized that bears remain in control until the resistance barrier is broken.
Support turns to resistance at $1.30
XRP repeatedly found support at the $1.30 level through September and October, as shown by multiple bounces from this price point. However, after losing that key threshold, the token fell near $1 before briefly recovering.
When the price rebounded, it failed to reclaim $1.30, which has now become a strong resistance. The lack of follow-through confirmed the breakdown, instead of providing the bullish reversal bulls had hoped for.
This shift has made it more difficult for XRP to regain upward momentum, as sellers use this level to reinforce downward pressure.
Downtrend confirmed by lower lows
The 2-day chart confirms that each peak and trough since September is lower than the last, a classic indication of a downtrend. Recent political developments, including the Democratic win during the midterms, triggered broader declines across crypto and equity markets, with XRP similarly affected.
Currently trading at $1.0963, XRP sits about 16% beneath the former $1.30 support, reflecting the scale of its reversal since breaking below that key level.
Bears maintain control as next support approaches
JD believes that bearish momentum will likely persist unless XRP can reclaim $1.30 with conviction. The failed retest has left the token exposed to further losses, with the next notable support level near $1.
The breakdown below the head and shoulders neckline reinforces this outlook, as current chart structures show little evidence of strong buyer intervention to halt or reverse the decline.
In response to the sharp technical shift, traders closely tracking XRP’s price action may benefit from CryptoAppsy’s real-time charting and smart price alert tools. By setting custom alerts for the $1.30 resistance and key support levels, investors can react promptly to potential trend reversals or further breakdowns, improving their ability to manage positions during volatile periods.
