Headline: XRP Breaks Down From Month‑Long Triangle as Whales Pull Back — $1.14 Now in Sight XRP suffered a tougher week, slipping more than 5% as the broader market struggled. The token has been stuck in a narrow band between $1.29 and $1.55 since February, but recent technical and on‑chain signals suggest that range could finally give way to a deeper leg down. Technical picture: triangle breakdown On the daily chart XRP had been carving a symmetrical triangle — a classic consolidation pattern defined by a series of lower highs (descending resistance) and higher lows (ascending support). That pattern signals market indecision and price compression as buyers and sellers step in earlier than before. On May 23 analyst Ali Martinez (X) flagged a decisive development: XRP broke below the triangle’s rising trendline that began in January. That breach removes a key support level and opens the door to further downside. Martinez estimates an accelerated sell‑off could push XRP toward roughly $1.14 — about a 16.17% drop from current levels. Whale activity is cooling Compounding the bearish technicals, whale participation has fallen sharply. Martinez also noted that large transfers (transactions over $1 million) tumbled from 157 to 67 in nine days — a 57.3% decline. Historically, such withdrawals by big holders coincide with a compression phase: volatility eases, limit‑order activity increases and liquidity deepens on both sides of the book as the market accepts a new range. That compression usually precedes an expansion, but the direction of the next move depends on whether whales return to buy (support) or sell (accelerate declines). Market snapshot - Price: $1.35 (+1.1% in the last 24 hours) - 24h volume: $1.96 billion (+4.23%) What to watch Key levels to monitor are the established range boundaries — $1.29 support and $1.55 resistance — and the downside target near $1.14 if selling momentum accelerates. With whale activity subdued, traders should expect lower volatility in the short term but be prepared for a sharper move once liquidity re‑activates.
XRP Breaks Down From Month-Long Triangle as Whale Activity Drops 57%
ChainGPTShare
Summary
XRP has broken below a month-long triangle pattern, with whale activity dropping 57.3% over nine days, per ChainGPT. Large transfers fell from 157 to 67, while trading activity remains at $1.96 billion in 24-hour volume. The breakdown below the rising trendline could send XRP toward $1.14, a 16.17% drop from its current $1.35 level.
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