XRP’s weekly chart is flashing a potential bearish continuation after failing to reclaim the $1.60 area, according to veteran chartist Aksel Kibar, CMT. Posting under the TechCharts handle on X, Kibar flagged a triangular consolidation on Bitstamp’s weekly timeframe that could resolve lower if sellers push price beneath the pattern.
Who is calling this?
- Aksel Kibar is a Chartered Market Technician and classical chart trader with more than 15 years of experience in global equity markets. He’s an ex-fund manager who has worked at Yapi Kredi Bank and the National Bank of Abu Dhabi. His technical work has been highlighted by long-time trader Peter Brandt, who has praised Kibar as “the most accomplished pure classical chart analyst alive today.”
What the chart shows
- XRP sits below the key $1.60 level — a former support zone from its broader 2025 range (which peaked near $3.45). After losing that support, the zone has flipped to overhead resistance.
- Price is compressing inside a triangular consolidation: the upper boundary slopes down from the failed recovery, while the lower boundary trends up from post-breakdown lows. That compression currently centers around the $1.30 area.
- Kibar notes the structure “can act as a bearish continuation” given its location beneath prior support.
Where the $0.75 target comes from
- The $0.75 downside projection is a classical measured move from the triangle. The triangle’s widest point spans roughly from $1.67 down to $1.12 — a height of about $0.55. If XRP breaks the triangle near $1.30 and you subtract that $0.55, the resulting objective is roughly $0.75.
- This makes the target a pattern-based projection rather than a random horizontal support guess. Still, it requires confirmation: without a decisive break below the triangle, the setup remains a risk structure, not a completed bearish signal.
Long-term trend context
- Kibar uses the 365-day exponential moving average as his primary directional filter in crypto. XRP is currently trading below that long-term EMA, which sits near $1.74, reinforcing a cautious or bearish bias until price can reclaim both the $1.60 region and the long-term average.
Price at time of reporting
- XRP traded around $1.29 at press time.
Bottom line
- Classical technicals are signaling a possible continuation lower for XRP if the triangular consolidation breaks down. Confirmation would be needed to validate a measured move toward roughly $0.75; alternatively, a decisive break back above $1.60 and the 365-day EMA would undermine the bearish case.
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