Analyst Warns XRP Holders: Bears In Control Until This Happens

XRP has been sliding for weeks. The chart tells a story that few bulls want to hear right now.

The Pattern Taking Shape

The structure JD identified is a head and shoulders formation spanning August through November. The left shoulder peaked during XRP’s sharp breakout in August. The asset consolidated briefly, then experienced another surge that formed the head in September.

The right shoulder topped out around $1.35 in October. JD was upfront about its imperfections, noting it is “not a textbook H&S, as the right shoulder is much lower than the left.” That asymmetry alone signals weakening momentum at each successive peak.

The $1.30 Level Flips

$1.30 held as support across multiple tests from September through late October. The chart shows two clear bounces off that level, marked by orange arrows. Then it broke. XRP fell toward $1 before staging a brief recovery. That recovery ran straight into $1.30 and stalled. JD stated: “Former support at $1.30 now resistance.”

That flip is significant. A level that buyers defended for months has become a strong resistance. The failed retest confirms the breakdown rather than invalidating it.

Lower Lows on the 2-Day Chart

JD flagged that XRP is “making lower lows on 2-day.” The chart confirms it. Each successive peak since September has been lower than the last. Each trough has been lower too. That sequence defines a downtrend, and the 2-day timeframe gives it additional weight beyond short-term noise.

Following the Democratic sweep during the midterms, the crypto and stock markets experienced notable declines, and XRP was not spared. The asset currently trades at $1.0963. That puts it roughly 16% below the broken $1.30 support level.

Bears in Control

JD stated: “Bears in control till resistance breaks.” Until XRP reclaims $1.30 on a sustained basis, the path of least resistance stays down. The retest of the resistance pushed XRP down sharply. It is now heading toward $1, which is the next logical support.

XRP is now well below the head and shoulder neckline, and nothing in the current chart structure suggests buyers have stepped in with enough conviction to reverse the trend.