XRP Faces Descending Triangle Pattern Before Recovery—Analyst Eyes $1.14 Support

Renowned crypto analyst CoinsKid suggests XRP could experience a deeper pullback within a descending triangle pattern before staging a substantial rally toward $27. With the token currently trading at $1.57 after recent gains, market participants are reassessing the asset’s near-term trajectory amid technical weakness and institutional positioning shifts.

Technical Breakdown Creates Buying Opportunity in Descending Triangle Formation

CoinsKid’s analysis reveals that XRP has formed a descending triangle pattern following the breakdown below the critical $1.90 support level, signaling a shift in market structure. The analyst characterizes the current price action as part of a macro ABC correction cycle, with the C-wave continuation potentially extending further downward before reversal signals emerge.

The descending triangle pattern typically precedes consolidation phases in trending assets. According to CoinsKid’s framework, previous Bitcoin divergence signals have not yet materialized, suggesting the broader correction cycle remains incomplete. This technical setup is common when prices approach long-term resistance zones, including previous all-time highs. While short-term emotional trading has intensified, on-chain data continues to paint a cautious picture, indicating that the pullback phase may persist before major accumulation begins.

Key Support Level at $1.14 Marks Institutional Accumulation Zone

Based on historical price action and Fibonacci retracement levels, CoinsKid identifies $1.14 as a critical bid zone where institutional buyers have historically stepped in during correction phases. The analyst highlights XRP’s pattern of respecting similar accumulation ranges during past cycles, including notable bounces from $0.29, $0.38, and $1.64 levels.

These historical reference points underscore the reliability of the $1.14 support level as a potential accumulation range. The convergence of previous buyer clusters and Fibonacci levels creates a confluence zone where long-term accumulation tends to accelerate. CoinsKid suggests this zone is where disciplined investors typically position for the next impulsive rally phase, making it a crucial level to monitor on the weekly chart.

ETF Inflows Support Long-Term $27 Target Despite Near-Term Consolidation

Despite near-term headwinds and the descending triangle formation playing out, CoinsKid maintains a constructive long-term perspective on XRP’s price trajectory. The analyst anticipates that once the correction cycle concludes, XRP will break above resistance levels and enter an impulsive bull phase, potentially targeting double-digit price levels with a principal objective near $27.

This bullish medium-term thesis gains support from sustained institutional capital flows. The spot XRP ETF has accumulated a total inflow of $1.49 billion, reflecting growing institutional conviction in the asset. This capital influx suggests that despite price weakness, large players continue to accumulate XRP, providing a structural support cushion for future rallies. As long as XRP maintains its macro-level support zones, the bullish thesis remains intact, with the descending triangle pattern serving as a consolidation mechanism rather than a bearish reversal pattern.

The current $1.57 price level represents a transition point—neither confirming full recovery nor signaling a capitulation bottom. Traders monitoring the $1.14 support level will watch for potential accumulation signals that could trigger the next leg of the anticipated XRP rally.