XRP drop 12% for 5 days as bear pennant dey target $0.65
XRP don drop about 12% for the past five days as bearish signs dey show for the XRP/USD chart. Analysts talk say na three-day “bear pennant,” wey dem confirm after e break down under $1.40. If you use the pattern measured move, the downside target near $0.65 (about 52.5% lower).
Momentum still weak. Stochastic RSI “death cross” show again for the third time since XRP peak for July 2025, while RSI drop from 63 to 42 in seven days. Traders dey watch for daily close under support around $0.65 area. If that trigger happen, next levels fit be $1.11 first, then the psychological $1.00.
Institutional flows na the main offset. US spot XRP ETFs log ninth straight day of inflows, add about $0.75M on Monday. Total net inflows around $1.4B, with AUM near $1.14B. Globally, XRP investment products see about $67.6M inflows for week ending May 15, while BTC and ETH products record outflows.
Overall, the technical setup point to near-term volatility for XRP, while steady ETF demand fit limit downside and improve chances for rebound later.
Bearish
Di main tori for XRP na bearish price structure and waning momentum dey dominate di near-term outlook. Di confirmed bear pennant breakdown under $1.40 and di measured-move target round $0.65 show say fit still get more downside, especially if XRP close daily below support around $0.65. RSI and Stochastic RSI death-cross signals don historically match up with deeper pullbacks, wey dey make person cautious.
But di consistent US spot XRP ETF inflows (nine days straight) and supportive global ETP flows act like counterweight wey fit slow down declines or help stabilise prices. Still, cos di setup center on likely continuation lower before any technical recovery, di net effect on XRP sef na bearish overall—most relevant for traders wey dey manage short-term risk, entries, and liquidation/stop levels.