Veteran chartist Aksel Kibar is flagging a fresh downside risk for XRP after the token failed to reclaim a key resistance zone around $1.60.
Kibar — who posts as TechCharts on X and is a Chartered Market Technician with more than 15 years of global market experience — says the weekly XRPUSD setup points to a potential extension toward about $0.75 if the current consolidation breaks down. His work, amplified in technical-analysis circles by veteran trader Peter Brandt, focuses on classical chart patterns on Bitstamp’s weekly timeframe.
What’s happening on the chart
- XRP sits below the $1.60 area it briefly lost earlier in the 2025 range (the same broader range once topped near $3.45). That former support now acts as overhead resistance.
- Instead of reclaiming that level, price has been compressing in a triangular consolidation: the upper boundary slopes down from the failed recovery, while the lower boundary rises from post-breakdown lows. In classical charting, triangles can break either way — but when they form after a major breakdown and beneath former support, technicians often treat them as potential continuation patterns unless bulls can push price back above resistance.
How Kibar arrives at $0.75
Kibar’s downside objective is derived from the triangle’s measured move rather than an arbitrary horizontal target. The widest part of the triangle spans roughly from $1.67 to $1.12 — a height of about $0.55. If XRP breaks the triangle near the current ~$1.30 area, subtracting that $0.55 gives a projected downside near $0.75. That projection requires a confirmed break below the pattern; without it, the setup remains a risk structure rather than a completed bearish signal.
Longer-term trend filter adds weight to the bearish case
Kibar also applies a 365-day exponential moving average as a directional filter. Currently, XRP is trading below that long-term average (around $1.74), with the average itself above the consolidation. That alignment reinforces the cautious/bearish interpretation: buyers would need to both invalidate the triangle’s breakdown risk and push price back above the long-term average to repair the broader trend.
Bottom line
Technically minded traders will watch the triangle’s lower boundary and the $1.60/$1.74 resistance zone for confirmation. At press time, XRP was trading near $1.29.
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