Well, it looks like XRP is attempting another climb. After a pretty rough August that saw it slide lower, the token actually managed a small gain over the past day—something around 2%. I think seeing those green numbers can feel like a relief, a bit of good news for a change. But maybe we shouldn’t get too comfortable just yet. The bigger picture here is, well, it’s a bit messy. And the risks might still be the bigger part of the story.
A Familiar Pattern of Concern
So, an analyst pointed out something that’s got people talking: a bearish divergence. It’s been building for weeks, apparently. In simple terms, that means the price was creeping up, but the momentum behind that move was actually fading. It’s like the engine was sputtering while the speedometer inched higher.
This has happened before. The last time XRP showed a divergence pattern this pronounced was right at the end of 2020. And back then, it wasn’t just a false alarm. It turned out to be a warning sign for a really tough stretch—a drop of about 60% that played out over months.
Right now, the pullback from the recent high is only sitting around 20 to 25 percent. Which, you know, leads to a pretty uneasy question. Is the worst actually behind us, or is this just the beginning of a larger correction?
Where’s the Bottom?
XRP has already lost its grip on a key level. The $2.85 mark used to be a floor, a place where buyers would step in. Now, it’s acting like a ceiling, keeping the price pinned down. The next important spot to watch is around $2.75. If the price can’t hold there—and I mean with some conviction on the daily charts—then a drop toward the $2.55 to $2.62 area seems pretty likely.
The overall structure isn’t doing it any favors, either. The price action is coiling into what’s called a descending triangle. Those patterns don’t have a great reputation; they usually break to the downside. If that happens here, the charts suggest a fall toward $2.17 could be next. That would mean another 20% drop from where we are now.
What Comes Next?
It’s not all doom and gloom. XRP has proven it can bounce back. But the charts are saying it’s definitely not out of the woods. A strong, decisive move back above that $2.85 resistance would be a huge step toward shifting the mood and breaking this bearish setup.
But if the price struggles and fails around $2.75, well, that could give sellers all the reason they need to jump back in. This little rebound feels less like a real recovery and more like a test. A check to see if there’s any strength left. The next couple of weeks will probably tell us if XRP can turn things around, or if this is just a brief pause before the next leg down.
