XRP Bearish Pennant Forms: Is a Drop to $1 Next?
Tech XRP Bearish Pennant Forms: Is a Drop to $1 Next? XRP at a Crossroads: Bearish Signals Build as $1 Support Comes Into Focus XRP is once again at a critical juncture, and the market is paying close attention. According to analyst Dan Keller, a is beginning to surface among market participants whether XRP could revisit the $1 level? At the center of this discussion is a bearish pennant forming on the charts, a technical pattern that typically signals continuation to the downside after a brief period of consolidation. XRP is currently per CoinCodex data, but the structure of its recent price action leans weakness with $1.36 emerging as a level. Source: CoinCodex Lower highs have been consistently printed, indicating that buyers are struggling to push prices upward with conviction. Furthermore, trading volume has been fading, a sign that market participation is cooling rather than strengthening. Even short-term rebounds have lacked energy, often stalling before reclaiming key resistance levels. The zone between $1.20 and $1.25 has now emerged as a critical battleground. A decisive break below this range could open the door to a retest of $1, a level that carries both technical and psychological weight. Bearish Pressure Builds as Long-Term Strength Holds Momentum indicators reinforce the cautious outlook. The