Market Tension Mounts for XRP as Price Patterns Hint at 19% Slide

XRP’s price action is showing warning signs with a possible 19% drop due to a bearish chart pattern. However, growing activity on social media and hope around regulatory news are causing a mix of fear and excitement among investors. This means while the price looks weak, many traders are still positively talking about XRP. It’s a situation where the numbers and the mood don’t quite match, making the future uncertain.

XRP Risks 19% Drop Amid Mixed Signals

XRP faces the possibility of a sharp 19% decline following the formation of a negative inverted cup and handle pattern. By June 5, 2025, if XRP breaks key support levels, its value could drop under $2, potentially sliding down to around $1.71. Although the chart suggests a bearish outlook, social media activity tells a different story, with rising interest and positive sentiment.

In the last day, XRP has lost over 2% in value, currently sitting at $2.20. Meanwhile, daily trading volumes have decreased by 17%, falling below the $2 billion mark. This decline in activity may signal weakening momentum as traders proceed with caution.

Bearish Chart Pattern Signals Possible Decline for XRP

XRP’s daily price chart has developed a notable inverted cup and handle pattern, a formation typically associated with downward trends. This pattern features a rounded top shape followed by an ascending channel, suggesting that the recent price recovery may struggle to maintain its momentum. At present, XRP’s price has fallen below the lower boundary of this channel, suggesting sellers are gaining control and resistance is limiting any upward momentum. If the token continues to move beneath this critical support zone around $2.13, it could trigger a further decline in value.

Price Targets and Key Support Levels

Based on the structure of the inverted cup and handle, the potential price drop could be substantial. The expected target is roughly equal to the depth of the cup portion of the pattern, which translates to a possible 19% decrease from current levels. Should XRP breach the $2.13 support, it may decline to approximately $1.71. This lower level is an important support zone that XRP has managed to defend since November 2024, making it a crucial point for investors to watch. A fall to this level would mark a notable retreat from recent price gains.

Technical Indicators Confirm Bearish Momentum

The broader technical outlook also supports the bearish case for XRP. The Relative Strength Index (RSI) is trending downward and forming lower lows, currently resting at 43 — a sign that sellers dominate and buying pressure is weakening. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator has crossed below the zero line into negative territory, reinforcing the notion that downward momentum is intensifying. Together, these indicators suggest that XRP may continue facing downward pressure in the near term as market sentiment turns cautious.

Despite XRP’s ongoing price decline and the bearish inverted cup and handle pattern signaling potential further losses, recent updates in the Ripple vs. SEC lawsuit are sparking renewed interest among retail investors. Social media buzz around XRP has risen above 3% for the first time in over two weeks, reflecting increased attention and excitement.

This surge in online activity is also driven by growing optimism about the approval of a spot XRP ETF, which recently hit an all-time high 92% probability on Polymarket. These trends suggest that, even amid technical weakness, market sentiment is becoming more hopeful.

Final Thoughts

XRP is at an important point where the price could drop by as much as 19% if it breaks key support levels. But at the same time, more people are talking about XRP on social media, and there’s growing hope about the approval of a spot XRP ETF. This means that, despite the price charts appearing weak, many investors remain positive. Due to this mix, the future remains uncertain. Traders need to monitor both the price movements and public sentiment about XRP to make informed decisions.