Analyst Cautions XRP Investors: Downward Trend Persists Until Key Level Breaks

XRP has experienced a multi-week downward slide, presenting a chart structure that few bulls want to confront at this moment.

Cryptocurrency analyst JD (@jaydee_757) sounded the alarm by sharing a 2-day TradingView chart originating from Gemini, revealing a technical breakdown carrying major implications for near-term price direction.

The Pattern Taking Shape

The technical structure highlighted by JD is a head and shoulders pattern developing between August and November. The left shoulder formed during XRP’s sharp breakout in August. Following a brief period of consolidation, a subsequent surge created the head in September.

The right shoulder reached its peak near $1.35 in October. JD openly acknowledged its imperfections, pointing out that it is “not a textbook H&S, as the right shoulder is much lower than the left.” This structural asymmetry highlights diminishing momentum with every successive peak.

$XRP WARNING!

Potential HEAD & SHOULDERS breakdown! Not a textbook H&S, as the RIGHT SHOULDER is much lower than the LEFT!

XRP making LOWER LOWS ON 2-DAY! Former SUPPORT at $1.30 now RESISTANCE! BEARS IN CONTROL TILL RESISTANCE BREAKS pic.twitter.com/yPZrmHczFM

— JD (@jaydee_757) November 9, 2026

The $1.30 Level Flips

Between September and late October, the $1.30 mark successfully functioned as support across multiple tests. Two distinct bounces off this threshold are highlighted by orange arrows on the chart. However, that level eventually failed. After sliding toward $1, XRP mounted a brief recovery that went straight into the $1.30 mark and stalled out. JD noted: “Former support at $1.30 now resistance.”

This flip carries significant weight. A price floor vigorously defended by buyers for months has transitioned into a robust overhead barrier. The unsuccessful retest further validates the breakdown rather than invalidating it.

Lower Lows on the 2-Day Chart

JD pointed out that XRP is “making lower lows on 2-day,” a fact clearly supported by the chart data. Since September, each peak has fallen below the previous one, and every trough has similarly declined. This sequence constitutes a clear downtrend, with the 2-day timeframe lending extra significance beyond typical short-term market noise.

In the wake of the Democratic sweep during the midterms, both the stock and crypto markets saw notable pullbacks, and XRP was not immune. The asset is currently valued at $1.0963, placing it roughly 16% underneath the broken $1.30 support barrier.

Bears in Control

As JD summarized: “Bears in control till resistance breaks.” Until XRP manages a sustained reclaim of $1.30, the path of least resistance remains downward. The failed resistance retest triggered a sharp decline, sending the asset heading toward $1, which stands as the next logical support level.

XRP currently trades well below the head and shoulders neckline, and the prevailing chart structure lacks any indication that buyers have entered with sufficient conviction to reverse the ongoing downtrend.

Frequently Asked Questions

What technical pattern has formed on the XRP chart?

Analyst JD identified a head and shoulders pattern spanning from August through November, featuring a right shoulder that is significantly lower than the left.

What is the key resistance level for XRP right now?

The former support level at $1.30 has flipped and is now acting as major resistance. According to the analysis, bears remain in control until this resistance is broken.

What is the current price and market trend for XRP?

XRP is trading at $1.0963, sitting about 16% below the broken $1.30 support level and making lower lows on the 2-day timeframe amid a broader market pullback.

What is the next logical support level if the downward trend continues?

With the price sliding following a failed retest of resistance, XRP is currently heading toward the $1 mark as its next logical support level.