SKN | XRP Risks Slide Below $1 as $650M in Tokens Move to Exchanges

Key Points

• A symmetrical triangle breakdown points to a possible XRP decline toward $0.95.
• More than 472 million XRP worth roughly $652 million moved to exchanges, signaling potential sell pressure.
• Overhead resistance near $1.39–$1.43 continues to cap upside momentum.

Resistance Caps Weekend Rally

XRP climbed 13% over the weekend to touch $1.43 before running into strong resistance between $1.39 and $1.43. Onchain cost-basis data indicates nearly 1.48 billion XRP were accumulated in that zone over the past month, creating a dense supply cluster. This area also aligns with the upper boundary of a symmetrical triangle pattern that has constrained price action since early February. After failing to break higher, XRP retreated to around $1.34 and is now trading near the lower boundary of the triangle at approximately $1.35.

Breakdown Points to $0.95

A daily close below the triangle’s lower trendline would confirm a bearish breakdown. The measured move of the pattern suggests a potential target near $0.95 — roughly 29% below current levels.

Additional downside risk could emerge if XRP falls beneath $1.20, a level that previously acted as channel support. A breach there could expose the February low near $1.11 and open the door to psychological support at $1.

Some analysts argue that holding the $1.20–$1.22 zone could trigger a recovery bounce toward $1.80–$2.20. For now, however, momentum remains fragile.

$652M in XRP Moves to Exchanges

Data from CryptoQuant shows that more than 472 million XRP — worth approximately $652 million — flowed onto Binance over the past week.

Large inflows to exchanges are often interpreted as a sign that holders may be preparing to sell or reposition liquidity closer to market access. CryptoQuant analyst Darkfost described the inflows as reflecting a more defensive stance among XRP investors, reinforcing the bearish technical outlook.

Outlook Hinges on Key Levels

With rising exchange balances and a weakening chart structure converging, XRP faces a pivotal stretch. Holding above $1.20 could stabilize sentiment and invite dip buyers. Failing to defend current levels, however, would strengthen the case for a move toward $1 — and potentially below — in the coming weeks.