XRP Price Forecast: Breakdown Risks Signal 35% Crash Toward $1.83

XRP (XRP) slipped below a key technical pattern on Monday, raising questions about whether its summer rally has run out of steam.

XRP Dip Sends 35% Crash Scare Across Markets

The Ripple-associated token briefly fell under the support line of a descending triangle, a formation that emerged after its 90% surge toward $3.40 earlier this year.

In classical chart analysis, descending triangles positioned at the top of an uptrend are often interpreted as bearish reversal signals, with breakdowns sometimes extending toward prior accumulation levels, in this case near $1.83.

That is down about 35% from current price levels.

Still, the picture isn’t entirely one-sided. In trending crypto markets, such triangles can flip into continuation patterns, trapping shorts before the uptrend resumes.

XRP even attempted a breakout earlier this month, only to retreat and retest the triangle’s upper boundary. This retest is a typical checkpoint that either validates a continuation move higher or confirms a deeper pullback.

In the event of a rebound, XRP’s price can rally by as much as the triangle’s height, putting $3.83 as its primary upside target.

Ripple’s XRP Ledger Push Could Provide Tailwind

Ripple is rolling out new initiatives on the XRP Ledger (XRPL) that may bolster long-term confidence.

The company recently unveiled an institutional-focused roadmap, featuring a native lending protocol, zero-knowledge proof privacy tools, and enhanced tokenization standards.

Separately, a new liquid staking product, mXRP, was launched at XRPL Seoul 2025, promising holders yield up to 8% opportunities.

These structural upgrades arrive just as XRP tests a key technical pivot.

If the token rebounds from the triangle’s upper trendline, Ripple’s push into institutional DeFi and staking could serve as the catalyst that strengthens the bullish case.

XRP On-Chain Data Hints at Resilient Demand

Glassnode data shows that nearly 90% of XRP addresses are currently profitable, underscoring strong holder conviction even as price tests key support, and amid a pending ETF decision by the SEC.

Historically, such high profitability has sometimes preceded bouts of profit-taking, but it also reflects a market where most participants remain net positive, creating a buffer against panic selling.

The technical retest, XRPL upgrades, and robust onchain profitability suggest XRP is at a crossroads. A rebound could reinstate the bullish narrative, while a failed defense risks opening the door toward $1.83.