Analyst Flags XRP $1.10 Risk but Sees Support at $1.51–$1.55; Watches Descending Wedge
Crypto analyst BullRunners reviewed XRP amid holiday liquidity-driven market weakness, noting Bitcoin slid below $87,000 and ETF outflows accelerated. He said XRP lost key support near $1.90 and trades around $1.85–$1.86 with active short-term selling, but warned against panic. BullRunners disputed rapid-collapse narratives to $1.10 in the near term, identifying intermediate support zones at $1.51–$1.52 and moving-average support around $1.54–$1.55. Technically, XRP remains inside a multi-month descending wedge that began after July’s peak; price dips below support in Oct–Nov recovered back into the wedge, so a confirmed breakdown has not occurred. He flagged the late-Q1/early-Q2 2026 convergence of wedge resistance and support as a pivotal inflection. BullRunners also highlighted continued XRP ETF inflows as a positive divergence from heavy Bitcoin ETF outflows, calling the phase late-cycle deleveraging rather than structural failure. Overall, he leans bullish if the wedge resolves upward, while traders should watch $1.51–$1.55 support, moving-average crossovers, and ETF flow trends.
Neutral
The report tempers extreme bearish claims (a swift collapse to $1.10) while highlighting real short-term selling and key support levels. Technical structure — a multi-month descending wedge without a confirmed breakdown — suggests both upside and downside are possible depending on whether the wedge resolves upward or downward. Short-term implications: elevated volatility, potential test of $1.51–$1.55 support, and opportunistic short squeezes if buyers defend the wedge. ETF flow divergence (XRP inflows vs. BTC ETF outflows) is a constructive macro signal that may limit downside and attract rotation into XRP. Long-term implications: if the wedge converges and price breaks up with moving-average bullish crossover, it could mark a sustainable recovery; conversely, a confirmed breakdown would validate bearish scenarios. Traders should watch support at $1.51–$1.55, $1.85–$1.90 short-term region, moving averages, wedge convergence timing (late Q1–early Q2 2026), and ETF flows. Given mixed signals and no confirmed structural break, overall market impact is neutral — heightened trading opportunity but no clear directional conviction until a breakout/breakdown occurs.