XRP Faces 52% Drop Target to $0.65 Amid ETF Inflows
XRP fell 12% over five days; a confirmed three-day bear pennant targets a 52.5% drop to $0.65 while U.S. spot XRP ETFs logged nine straight days of net inflows totaling $95.5 million.
XRP dropped about 12% over the past five days. A bear pennant that formed on the three-day chart since early February was confirmed when price broke below the pattern’s lower trend line near $1.40, creating a measured downside target near $0.65, roughly 52.5% below current levels.
The measured target is calculated by taking the height of the initial decline that formed the pennant and subtracting that distance from the breakdown point. The daily relative strength index fell to about 42 from 63 over the last week, indicating increased downside momentum. Traders are watching $1.27 as a key defending level; a decisive close below that could expose support at $1.11 and the round $1 mark.
On the weekly chart, the Stochastic RSI recorded a death cross for the third time since XRP’s mid-2025 all-time high. Technical analyst ChartNerd wrote on X that the previous two weekly Stochastic RSI crosses preceded declines of roughly 50% and added, “A failure at the weekly 20 (just retested) or the weekly 50 ($1.80) will likely open the next leg down later in the year.”
The price decline occurred while regulated XRP investment products continued to attract inflows. Data from SoSoValue show U.S. spot XRP ETFs posted nine consecutive days of net inflows totaling $95.5 million, including $750,000 on Monday. Cumulative inflows into those ETFs are near $1.4 billion and combined assets under management are about $1.14 billion.
Global investment products for XRP registered approximately $67.6 million of inflows for the week ending May 15, according to CoinShares data. CoinShares’ weekly flow report showed that Bitcoin and Ether products saw net outflows in the same period.
Market data and technical indicators present two factual developments: a chart pattern projecting a substantial downside target on the three-day and weekly time frames, and continued net inflows into regulated XRP funds in recent days. No price levels have been triggered beyond the breaks and flows reported here.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
