XRP Price Projected to Tank 20% Within Weeks: Here’s Why

XRP (XRP) risks falling by roughly 20% over the coming weeks as its daily chart approaches a descending-triangle breakdown, while weakening spot ETF inflows provide only limited support.

XRP Descending Triangle Targets $0.85

As of Tuesday, July 28, XRP was trading near $1.06 after repeatedly testing horizontal support around $1.04–$1.05.

Meanwhile, each rebound has produced a lower high beneath a descending resistance trendline, suggesting sellers are entering the market at progressively lower prices. Together, these trendlines appear to form a descending triangle pattern.

A descending triangle usually forms when buyers repeatedly defend a fixed support level while selling pressure strengthens from above. The bearish setup confirms once the price closes decisively below support, preferably with an increase in trading volume.

For XRP, a daily close below $1.04 could initially expose the psychological $1 level. Continued selling may push the token toward $0.93–$0.95 before reaching the triangle’s projected downside target near $0.84–$0.85.

That would amount to an approximately 20% decline from current prices.

XRP also remains below its major exponential moving averages, including the 20-day EMA (green) near $1.10, the 50-day EMA (red) around $1.14, the 100-day EMA (purple) near $1.22, and the 200-day EMA (blue) around $1.42.

This bearish EMA alignment indicates that XRP faces resistance across both short- and long-term timeframes. Its daily relative strength index (RSI) is also near 40, reflecting weak momentum without reaching oversold territory.

Positive XRP ETF Flows Are Losing Strength

XRP spot ETFs recorded approximately $13.03 million in net inflows in July, bringing their combined assets to around $1 billion, according to data resource SoSoValue.

Although those flows remain positive, they are substantially weaker than the demand seen shortly after the products launched. Monthly inflows were close to $660 million in November 2025 and approximately $500 million in December before slowing sharply in 2026.

Therefore, ETF investors are still adding XRP exposure, but not at a pace strong enough to offset selling across global spot exchanges, perpetual futures, and over-the-counter markets.

The bearish outlook would weaken if XRP reclaimed the descending trendline and its 20-day EMA near $1.10–$1.11. A daily close above $1.14–$1.15 would invalidate the triangle more convincingly and shift attention toward the $1.20–$1.22 resistance zone.