XRP breaks below tightening triangle as $1.31 support comes into focus

  • XRP broke below a symmetrical triangle after rejecting the $1.43-$1.45 range.
  • $1.3143 is the first support, while $1.168 marks the deeper support zone.
  • Whales sold or moved nearly 90 million XRP during the past week.

XRP fell below $1.40 and broke down from a tightening symmetrical triangle after rejecting the $1.43-$1.45 area, leaving the token trading around $1.34-$1.37. The move extends a roughly 20% decline from a recent high near $1.70 and shifts attention to $1.31, where Camarilla pivot data places first support at $1.3143. A deeper decline could put $1.17 in focus near the 100-period simple moving average at $1.168. On-chain data cited by analyst Ali Martinez indicates that whales sold or moved nearly 90 million XRP over the past week, while daily active XRP Ledger addresses fell more than 90% from about 388,000 to roughly 38,000. TradingView indicators remain mixed, with a neutral RSI, sell signals from momentum and MACD, and an overall tally of six sell, nine neutral and 11 buy signals. A move back above $1.38 could support a recovery toward $1.60-$1.68, while resistance is identified near $1.445, $1.510, $1.575 and $1.626. Ripple’s RLUSD stablecoin is also targeting corporate treasury activity tied to a customer base handling roughly $13 trillion in annual transactions. The U.S. Senate is scheduled to vote on the CLARITY Act on September 15.

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