XRP is showing signs of renewed downside risk as bearish chart patterns coincide with growing transfers to exchanges.
Technical picture and resistance
A recent 13% upswing that pushed XRP to about $1.43 met resistance in the $1.39–$1.43 area and has since pulled back to roughly $1.34. On-chain cost-basis data from Glassnode highlights a heavy supply cluster around that zone, with nearly 1.48 billion XRP accumulated over the past 30 days, creating a meaningful overhead barrier for bulls.
Price is trading beneath the lower trend line of a symmetrical triangle around $1.35. A daily close below that line would validate a triangle breakdown and point to the pattern’s measured target near $0.95, roughly 29% below current levels. If price also breaks and closes below the lower edge of a descending channel near $1.20, the Feb. 6 low at $1.11 would come under threat and psychological support around $1 could be tested. Some analysts working off the two-day chart warn that intensified whale selling could push XRP toward $0.80.
Key support scenarios
Analyst BitGuru identifies a critical support band at $1.20–$1.22. If that area holds and buyers return, a rapid recovery toward $1.80–$2.20 could be triggered, signaling a potential trend reversal. Without buyer intervention, downside scenarios remain the higher-probability outcome.
Exchange inflows and supply dynamics
On-chain intelligence from CryptoQuant shows more than 472 million XRP—about $652 million—moved into Binance in the past week, the largest inflow seen in February. CryptoQuant analyst Darkfost notes that such transfers often precede selling or a defensive redeployment of liquidity, and they can create conditions for sudden selling pressure that affects short-term price action.
Binance’s XRP balance increased to roughly 2.73 billion from about 2.55 billion in mid-February, an addition of around 180 million XRP (approximately +7%) in under three weeks. Rising exchange reserves are generally regarded as bearish because they enlarge the supply available for trading and can amplify near-term selling pressure.
Conclusion and disclaimer
The technical, on-chain and exchange-flow signals align toward a higher risk of downside until buyers reclaim key levels. This article is informational and not investment advice. All trading involves risk; readers should perform their own research before making decisions. The author and publisher do not guarantee the accuracy or completeness of the information and are not liable for trading outcomes based on this content.