Bearish
XRP price drops 3.65% to $1.32 amid declining transaction demand and bearish signals.
Over the past 24 hours, XRP has experienced a 3.65% decline, trading at $1.32. This downturn is attributed to a significant 91.5% drop in transaction demand, as indicated by a 90-day moving average of network fees, and bearish technical indicators, including a Relative Strength Index (RSI) around 32–33. Additionally, the formation of a nine-year ascending triangle suggests potential further downside if the $0.75–$0.80 support level is breached.
Key points
- Declining Transaction Demand: The 90-day moving average of total fees on the XRP network has fallen to 500 XRP from 5,900 XRP in February, indicating a sharp decrease in transaction activity.
- Bearish Technical Indicators: The MACD remains below zero, and the RSI is around 32–33, suggesting continued selling pressure without immediate reversal signals.
- Formation of Nine-Year Ascending Triangle: XRP has formed a nine-year ascending triangle with support near $0.75–$0.80. A breakout could trigger a rally over 500%, but current structure points to $0.75–$0.80 as a potential dip entry.
- Recent Inflows: XRP-focused investment products saw $19.3 million in inflows last week, indicating continued investor interest despite current market challenges.
Sources
- XRP transaction demand falls 91.5% as traders focus on $0.65 supportCointelegraph · October 14, 2026
- Key facts: XRP OI -96%; Bearish signals; 9yr Triangle; $19.3M InflowsTradingView News · October 14, 2026
- XRP falls hard after CLARITY vote as Ripple’s regulatory advantage faces a new testCryptoSlate · September 16, 2026
- XRP Bridge Drained After Software Treats Fake Deposits as RealYahoo Finance · August 12, 2026
AI-generated from public news sources. Not financial advice.
