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850
After consolidating for more than 12 weeks, XRP price has approached the apex of a symmetrical triangle pattern, signaling an imminent directional breakout in the near term.
Despite robust fundamentals that have led to reduced exchange supply over the past year, as Finbold noted, XRP price has signaled further weakness. Moreover, the token lost a crucial support level around $1.80 earlier this year, which had served as a strong buy wall in 2025.
XRP/USD 1-day chart. Source: TradingViewAmid prolonged low liquidity for the token, exacerbated by the October 11, 2025, crypto crash, as Finbold reported, XRP price now faces a further downtrend. Furthermore, this altcoin was recently rejected again at the 100-day Simple Moving Average (SMA).
As such, XRP price could break down from its multi-week ascending support to extend the current corrective sequence, with a potential move below $1.00. Conversely, a confirmed close above the descending resistance trendline would invalidate the bearish structure and signal the start of a fresh bullish leg.
Key targets for the XRP price?
From a technical analysis standpoint, XRP price could be trapped in the first corrective wave of a macro Elliott wave, a theory that states markets move in five waves driven by collective investor psychology, according to analysis from trading expert alias Egrag Crypto. The analyst suggested that XRP price has not completed the second wave, with the next major targets around $1.13.
XRP/USD 3-day chart. Source: TradingViewHowever, this analyst noted that the XRP price could drop towards a liquidity zone between $0.90 and $0.73 if the support level around $1.13 fails to hold. Furthermore, $0.73 coincides with a 3-day 0.702 Fibonacci retracement.
Why is the token bearish now?
Despite the longer-term reduction in exchange holdings, short-term exchange inflows are adding near-term selling pressure. In the past 24 hours, approximately 7,500,156 XRP, valued at roughly $10.63 million at press time, were added to the top 41 tracked exchanges, based on metrics from X user @Chachakobe4er.
XRP supply at the top 41 crypto exchanges. Source: @Chachakobe4erHistorically, a rising supply of XRP on crypto exchanges has led to increased selling pressure and further correction, and vice versa. As a result, if XRP’s supply on exchanges continues to rise in the coming days, the bearish pressure will surge.
The post XRP price prediction: Is sub $1 next? appeared first on Finbold.
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