XRP has fallen 12% over the past five days, and technical analysis now warns of more losses ahead.
A bear pennant pattern on the three-day chart has been confirmed, with the price breaking below the lower trend line at $1.40. The measured downside target is near $0.65, a potential 52.5% drop from current levels.
Weekly Stoch RSI has also signaled a death cross, historically preceding corrections of about 50%. The daily RSI has fallen to 42 from 63, indicating increasing bearish momentum. Analysts warn that defending the $1.27 level is critical; a close below could send XRP first to $1.11 and then to $1.
Despite the bearish technicals, institutional sentiment remains surprisingly strong. XRP spot ETFs recorded nine consecutive days of net inflows, adding $95.5 million and bringing cumulative inflows to nearly $1.4 billion. Assets under management now stand at $1.14 billion.
Global XRP investment products also saw $67.6 million in weekly inflows, outperforming Bitcoin and Ether, which experienced outflows during the same period.
The divergence between technical weakness and institutional buying suggests a tug-of-war between short-term traders and long-term investors.