CryptoIntelligence 2025-07-06 10:31:38

XRP Faces Renewed Bearish Signals Amid Technical Indicators

XRP has entered a potential correction phase as its Stochastic RSI remains in overbought territory. The indicator, which measures momentum relative to recent range, has stayed above 80 on XRP’s daily chart since June 28. Past instances in 2025 show similar setups have led to 12% to 45% price drops, averaging a 25% decline. With the same pattern forming in July, analysts anticipate a near-term pullback. Descending Triangle Adds to Downside Risk XRP’s current chart structure suggests further pressure. A descending triangle pattern has formed following XRP’s previous upward trend, with bearish projections placing support near $1.14. This marks a potential 50% drop from current levels. Crypto analyst Xanrox warns of a deeper correction tied to a multi-year ascending triangle dating back to 2017. He points to a Fair Value Gap (FVG) created during XRP’s early 2025 rally, noting that such gaps are often revisited after sharp gains. Extreme Bearish Projection Targets $0.60 Xanrox believes XRP could retrace toward the triangle’s lower trendline at $0.60, suggesting a 70% drawdown from present prices. This prediction follows XRP’s 2025 peak near $3.40. However, not all analysts are pessimistic. Mikybull Crypto envisions a symmetrical triangle setup targeting $3.70 by September, while XForceGlobal projects a range between $8 and $27 based on Fibonacci analysis. Other bullish arguments cite whale accumulation and a falling wedge breakout with upside targets near $3.20.