XRP slides 12 percent in 5 days as bearish pattern emerges

CoinTurk NewsMay 192 min readSingle source

The gist

5-point summary · 1 min

The bearish break was confirmed once the price fell below $1.40.
In addition, the Relative Strength Index (RSI) has slid from 63 to 42 over the past seven days, adding to concerns of accelerating bearish momentum.A clear technical confirmation would put the main support level just below the price target, at $1.27.
According to SoSoValue, XRP ETFs attracted another $750,000 in new capital on Monday, marking the ninth consecutive day of continuous inflows.
Globally, XRP investment products recorded inflows of about $67.6 million for the week ending May 15.
The CLARITY Act is designed to bring more definitive legal frameworks to the US cryptocurrency market.

$1.40$0.65$1.27$1.11$1.00$750,000

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XRP has shed 12 percent of its value over the past five days, and a newly formed technical pattern on the charts signals that further declines could be on the way. According to widely used technical analysis tools in the cryptocurrency market, the presence of a “bear pennant” structure on the three-day XRP/USD chart indicates that downward momentum could soon accelerate.Technical indicators and price targetInstitutional interest on the riseFocus on technical and regulatory factors Technical indicators and price targetSince early February, XRP/USD has been trading sideways within the confines of a bear pennant. Technically, such patterns are typically interpreted as signs that an existing downtrend will continue. The bearish break was confirmed once the price fell below $1.40. Experts calculate that based on the pennant’s height, XRP could be headed for a drop of approximately 52.5 percent, targeting the $0.65 region.Technical analyst ChartNerd noted on X (formerly Twitter) that the weekly chart shows XRP’s Stochastic RSI indicator giving a “death cross” signal. This is the third time that this has occurred since the July 2025 high for XRP. Each of the previous two signals triggered sharp corrections of about 50 percent. In addition, the Relative Strength Index (RSI) has slid from 63 to 42 over the past seven days, adding to concerns of accelerating bearish momentum.A clear technical confirmation would put the main support level just below the price target, at $1.27. Should XRP close below this threshold, the pair could first test $1.11 and then move toward the psychological barrier at $1.00, according to the analysis.Institutional interest on the riseDespite mounting short-term selling pressure, institutional demand for XRP remains strong. Inflows to US-based XRP spot ETFs continued unabated. According to SoSoValue, XRP ETFs attracted another $750,000 in new capital on Monday, marking the ninth consecutive day of continuous inflows. This brings total net inflows to $1.4 billion and assets under management to $1.14 billion. Globally, XRP investment products recorded inflows of about $67.6 million for the week ending May 15. During the same period, Bitcoin and Ether investment products saw $981.5 million and $250 million in outflows, respectively. This pattern highlights that demand for XRP products has proven more resilient than that of other major cryptocurrencies.As TronWeekly highlighted in a report published Tuesday, “these steady inflows to global products can be seen as a sign of growing confidence in regulated crypto assets.”Focus on technical and regulatory factorsAnalyses shared by Cointelegraph suggest that a combination of strengthening technical signals, the potential passage of the CLARITY Act in the US, and a recovery in activity on the XRP network could bolster the chances of a rebound. The CLARITY Act is designed to bring more definitive legal frameworks to the US cryptocurrency market. Both technical and regulatory developments are emerging as pivotal factors that could determine XRP’s price trajectory.Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Integrity note · Xela does not rewrite or paraphrase article content. The excerpt above is the source publication's own words, sanitized for display. For the full piece — including any quotes, charts, or images — read it at CoinTurk News. Xela's rewritten version is off for this story, so there's no editorial angle attached — you're getting the source's reporting unfiltered. When the rewrite is on, we add a What this means block underneath with the operator/trader takeaway.

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Bitcoin stabilizes near $63,000, but reclaiming $64,000 is the real test Bitcoin is stabilizing near $63,100 after buyers defended the lower part of its recent range. That is constructive, but it is not yet a confirmed recovery. BTC must first overcome resistance near $63,175-$63,270, while reclaiming and holding $64,000-$64,095 remains the more important test. Key takeaways for Bitcoin traders and investors Current position: BTC is holding above the previous month’s lower value boundary near $62,380. Immediate resistance: Buyers need to clear $63,130-$63,175, followed by $63,247-$63,270. Main recovery test: A sustained reclaim of $64,000-$64,095 would carry much more weight than a temporary bounce near $63,000. Major support: The broader $62,380-$62,535 region remains the most important defended zone. Bullish confirmation: Repeated closes, consolidation or a successful retest above $64,095 would show that Bitcoin is beginning to establish higher accepted value. Data note: The latest daily, four-hour and one-hour candles were incomplete when this analysis was prepared. Exchange-specific Bitcoin prices may also differ slightly. I'm also closely monitoring the digital asset space after , putting immediate pressure on lower order-flow shelves as bulls fight to defend structural trendlines. Regulatory headwinds also resurfaced as the , injecting fresh institutional hesitation into active trading books. Meanwhile, broader risk sentiment showed divergence across asset classes as , underscoring rotational breadth away from mega-cap tech into small-cap momentum. Macro headwinds and geopolitical posturing remain front and center following headline chatter that , all while monetary policy uncertainty lingers after amidst baseline model variances. Why Bitcoin’s stabilization is constructive but incomplete Bitcoin recently fell to approximately $62,535, where the decline attracted meaningful buying. Price subsequently recovered toward $63,100, strengthening the case that buyers are willing to defend the lower part of the previous month’s trading range. What stands out to me, however, is how little upward progress followed that buying. Several periods showed positive buying pressure, but BTC remained concentrated around $63,050 and repeatedly struggled to extend beyond $63,150-$63,175. In simple terms, buyers have shown that they can slow the decline, but they have not yet shown that they can move Bitcoin into a clearly higher trading range. This is the difference between stabilization and recovery: Stabilization means sellers are no longer pushing price lower with the same ease. Recovery means buyers are lifting price, holding above resistance and shifting the market’s most active trading area higher. Bitcoin has shown the first condition. The second still needs confirmation. Why $62,380 and $64,095 matter The previous month’s value area provides a useful map of where most Bitcoin trading took place: Value Area Low near $62,380: The lower boundary of the previous month’s heavily traded range. Point of Control near $64,095: The price that attracted the most trading activity during the month. Value Area High near $65,050: The upper boundary of the previous month’s accepted range. BTC is currently about $720 above the monthly Value Area Low, but almost $1,000 below the monthly Point of Control. Holding above $62,380 tells us that demand inside the previous month’s range has not completely failed. Remaining below $64,095 tells us that buyers have not regained control of the broader value structure. This is also why $64,095 may be more important than $64,000 itself. The round number attracts attention, but $64,095 represents the previous month’s busiest price area. A brief move above $64,000 could still become another failed breakout. 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That would place BTC outside the previous month’s accepted value area and suggest that the market may need to search for demand at lower prices. Traders should still distinguish between a brief move below $62,380 and genuine acceptance beneath it. Crypto markets can produce fast stop-runs through visible support before reversing. Repeated closes or continued trading below the level would carry more bearish significance than a momentary sweep. What Bitcoin traders may consider watching Different traders may use these levels in different ways, at their own discretion: Short-term breakout confirmation: Watch whether BTC can break above $63,175 and successfully retest it, with $63,247-$63,270 providing the next validation area. Support-zone reaction: If BTC returns to $62,380-$62,535, watch whether buyers defend it again or whether selling begins to hold below the zone. 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