TLDR
- The XRP price has been trading within a descending triangle pattern since late July.
- Analyst Ali Charts has predicted a possible retest of the $2.72 support level.
- XRP is currently trading at $2.86, having declined by 4% on a daily basis.
- Resistance near $3.00 continues to reject upward movements in the XRP price.
- Lower wicks near $2.80 show buying attempts, but momentum remains weak.
- A daily close below $2.75 may confirm a breakdown and pave the way for a potential move to $2.72.
The XRP price prediction indicates renewed downside pressure as the token encounters resistance near $3.00 and faces regulatory delays. Market analyst Ali Charts expects a potential retest toward $2.72 if selling pressure continues. Meanwhile, the ongoing U.S. government shutdown stalls ETF decisions, adding further weight to the bearish outlook.
XRP Price Prediction Warns of Drop
XRP continues to trade within a descending triangle formation, with sellers rejecting rallies at lower highs since late July. This pattern typically indicates a weakening structure and an increasing risk of a breakdown below the $2.72 support level. Currently, XRP is trading at $2.86, representing a 4% decline over the past 24 hours.
Analyst Ali Charts highlighted this bearish setup, stating, “XRP remains vulnerable to a retest of the $2.72 support if volume stays low.” XRP price prediction models also emphasize the significance of the horizontal floor around $2.72. Several recent rebounds failed to break above the descending trendline, adding pressure on bulls.
While lower wicks near $2.80 show some buying interest, momentum remains weak under the $3.00 resistance zone. The XRP price prediction suggests more downside unless a clear break above the trendline occurs. Until then, the lower boundary remains the critical level to monitor for further price action.
Government Shutdown Delays SEC Action on XRP Spot ETFs
The U.S. government shutdown has caused delays in reviewing pending ETF filings, including applications related to XRP. Without a budget deal, the SEC has paused several processes, extending review timelines indefinitely. This development affects investor expectations for a swift resolution of XRP spot ETF approvals.
The XRP price prediction is increasingly tied to macro uncertainty as the regulatory freeze undermines market optimism. Progress on crypto-related reforms, including the CLARITY Act, has also stalled during the standoff. These interruptions weaken sentiment and reduce short-term bullish triggers for XRP.
In the absence of regulatory clarity, XRP remains vulnerable to prolonged consolidation below primary resistance levels. ETF approval delays could extend well beyond initial expectations, affecting demand forecasts. Consequently, this adds another layer of pressure to the ongoing triangle formation.
Downside Risks Grow Amid Weak Momentum and Delayed ETF Catalyst
XRP price prediction models now indicate increased downside risk unless the token can break above a key resistance level near $3.10. Repeated failures to hold ground above $3.00 have turned sentiment cautious across the market. A daily close below $2.75 could confirm the breakdown of the triangle and validate the retest at $2.72.
Ali Charts noted, “A breach below the $2.75 mark could accelerate bearish momentum toward the triangle’s base.” XRP price prediction targets also highlight that if $2.72 fails, deeper losses could follow. For now, XRP trades within a tight technical range while awaiting regulatory clarity from the U.S. government.
