XRP has fallen 12% in just five days after its bearish pennant pattern triggered a breakdown. Since early February, XRP/USD had been trading sideways within this formation, which typically signals continuation of the existing downtrend. The breakdown confirmed once the price slipped below $1.40. Based on the pennant's height, analysts project a potential further drop of roughly 52.5%, targeting the $0.65 region.
Death Cross Appears on Weekly Chart, RSI Crumbles
Technical analyst ChartNerd noted on X that the weekly Stochastic RSI has just produced a “death cross” signal — the third such occurrence since XRP’s July 2025 high. Each of the prior two signals was followed by corrections of around 50%. Adding to bearish momentum, the Relative Strength Index (RSI) has slumped from 63 to 42 over the past week. Key support sits just below the price target at $1.27; if XRP closes decisively under that level, the next tests could be $1.11 and then the psychological $1.00 mark.
Institutional Flows Buck the Trend: XRP ETFs Post 9-Day Inflow Streak
Despite growing selling pressure, institutional interest in XRP remains strong. According to SoSoValue, U.S. XRP spot ETFs attracted another $750,000 on Monday, marking the ninth consecutive day of net inflows. Total net inflows now stand at $1.4 billion, with assets under management reaching $1.14 billion. Globally, XRP investment products saw roughly $67.6 million in inflows for the week ending May 15 — a stark contrast to Bitcoin and Ether products, which recorded outflows of $981.5 million and $250 million respectively over the same period. TronWeekly commented: “Steady inflows to global products can be seen as a sign of growing confidence in regulated crypto assets.”
CLARITY Act and On-Chain Recovery Could Fuel a Rebound
Cointelegraph analysis highlights a convergence of strengthening technical signals, potential passage of the CLARITY Act in the U.S., and a recovery in XRP network activity as factors that could boost the odds of a rebound. The CLARITY Act aims to bring more definitive legal frameworks to the U.S. crypto market. Both technical and regulatory developments are emerging as determinants of XRP’s price trajectory.