XRP’s price action in recent days changed to a softer direction, The token is currently trading below $2 after recent failed recovery attempts. This move changed the near-term momentum. It works out in the seller’s favor. Especially since the price action is closing below short-term dynamic support on a higher period.
no way Technical analysis shared CoinsKid on X takes a look at the broader corrective structure developing on the 5-day chart. This could place XRP on a more pronounced bearish path if critical price levels do not recover.
Three-wave correction: structure and significance
Technical analysis of XRP’s price movement since mid-2025 shows an interesting correction sequence that can be explained by waves. According to CoinsKid, it appeared to have started as a corrective advance into the moving average cluster on the 5-day chart, but failed to hold its own after hitting resistance at the indicated sell signal shown in the chart image below.
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According to CoinsKid’s interpretation of the 5-day candle chart, it appears that the XRP price movement is being tracked. 3 wave correction movement. The importance of this interpretation lies in the implication that the most recent bounce to $2.4 was not a true shift into bullish control, but rather a retracement within a larger downward correction pattern with more movement still ahead.
An important note from the analysis is that over the 5-day period, a custom indicator called the CoinsKid ribbon is lost. This moving average band previously served as a guide to trend strength for most of 2025, with sustained trading above it indicating bullish control. However, XRP has repeatedly closed below this ribbon. After the flash crash in October 2025Sellers has maintained control of the wider structure ever since.
XRP price chart. Source: @Coins_Kid by X
Multi-year trend lines as cons magnets
The bearish scenario depicted in the chart places the next key area of interest for XRP around the rising multi-year support trendline, which currently converges in the $1.30 to $1.40 range. This rising white trendline, visible on the 5-day chart and extending into 2020, coincides with the area where XRP has found strong demand following the pullback. The green area highlighted on the chart is centered around the $1.30 to $1.40 range.
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As of this writing, XRP is trading at $1.96, down 4.7% in the last 24 hours. CoinsKid predicts that if the current corrective move continues, the price of XRP could decline from the descending resistance line and move into this support area in the coming months. This will be the final move in the ABC wave correction that began after XRP hit a new all-time high of $3.65 in July 2025.
According to the analysis, only continuous upward trend The 5-day ribbon nullifies this bearish path and reduces the chances of price revisiting lower support areas.
Featured image created with Dall.E, chart from Tradingview.com