XRP (XRP) price fell below $1.50 over the weekend, its lowest level in over 14 months. Now, a bearish technical setup on the charts suggests that the downtrend could proceed throughout February.
Key Takeaways:
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XRP's bear pennant on the four-hour chart is targeting $1.22.
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Open interest in XRP futures fell to $2.61 billion, giving bulls hope.
XRP/USD day by day chart. Source: Cointelegraph/TradingView
The XRP price chart shows a textbook bear pennant
On Saturday, XRP price fell about 14% from a high of $1.75 to a low of $1.50, losing the $1.60 support level for the primary time since November 2024.
The recent decline has put it into the collapse phase of its bear pennant setup, as shown within the four-hour chart below.
XRP fell below the pennant's lower trendline on Tuesday after which recovered to retest it as support. If the retest fails and a four-hour candle closes below this level at $1.58, the worth is more likely to decline further.
The bear pennant's measured goal, calculated by adding the peak of the initial decline to the breakout point, is $1.22, a 23% decline from current price.
XRP/USD four-hour chart. Source: Cointelegraph/TradingView
XRP’s rally to $2.40 in January proved to be a “fakeout” as “the worth formed a brand new lower low,” said pseudonymous analyst AltCryptoGems in a recent post on X, adding:
“The downtrend stays intact and we’re on the verge of a catastrophic collapse right into a huge no-support zone.” 
XRP/USD day by day chart. Source: AltCryptoGems
Trader and investor Alex Clay said that after breaking the support line of a double bottom pattern at $1.60, the trail is now clear for a decline towards $1 or below.
Source: X/Alex Clay
As Cointelegraph reported, XRP's next major support level is near its aggregate realized price of $1.48. Losing this level would go away the common holder underwater, a scenario very near the bear phase of 2022, which ultimately ended with a 50% decline towards $0.30.
XRP buyers back off
The 90-day Spot Taker Cumulative Volume Delta (CVD), a metric that tracks whether market orders are driven by buyers or sellers, shows that taker buy orders have declined sharply since early January.
While demand-side pressure has dominated the order book since November 2025, buy orders have declined sharply over the past 30 days, in response to CryptoQuant.
This suggests waning enthusiasm or exhaustion amongst XRP investors, indicating reduced bullish momentum and increasing downside risk to the worth.
Previous sharp declines in spot CVD have been accompanied by price declines of 28% to 50% in a matter of weeks.
XRP spot taker CVD. Source: CryptoQuant
However, in the present downtrend, there may be hope for the bulls within the falling open interest (OI) of XRP futures. The amount fell sharply to $2.61 billion on Wednesday from $4.55 billion on Jan. 6.
When OI falls together with falling prices, it indicates a weakening bearish trend or a possible trend reversal.
This could give bulls some fuel to check key upper resistance at around $1.85, a level that has served as support throughout most of 2025.
Open XRP interest. Source: CoinGlass
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