XRP Breakdown Below $2 Signals Bearish Trend After Triangle Collapse

XRP has broken down from its symmetrical triangle pattern, dashing hopes for a bullish breakout. This technical formation, which had supported XRP’s consolidation for weeks, resolved to the downside with the token falling below the 200-day EMA and key trendline support. Most notably, XRP dropped beneath the psychologically critical $2 level, marking a shift from consolidation to active selling.

The symmetrical triangle is typically a neutral pattern that breaks in the direction of the prevailing trend—previously somewhat bullish for XRP. However, this breakdown, confirmed by a spike in red candle volume, indicates a clear structural failure rather than just a technical slip. The daily Relative Strength Index (RSI) is currently at 32, suggesting XRP is approaching oversold territory, though not quite there yet.

From a trend-following standpoint, losing the 200-day EMA is a bearish signal. Historically, XRP tends to enter extended downtrends or sideways phases after falling below this key indicator. The macro setup now favors bears, making long positions increasingly risky for traders.

A short-term bounce may occur, with XRP possibly retesting the broken support zone between $2.05 and $2.10. However, unless the token reclaims this range quickly and convincingly, further downside toward the $1.80–$1.70 levels is likely. As of now, the trend direction has clearly shifted downward.

This bearish development could reshape XRP's market sentiment in the weeks ahead, especially if volume and momentum continue to support the sell-off. Investors should proceed with caution and closely watch for any signs of reversal or stabilization.