As the cryptocurrency market faces renewed bearish sentiment, concerns are rising that XRP could be approaching a possible capitulation. However, analysis from market strategist CrediBULL Crypto suggests these concerns may be overstated. In an X post on September 26, the analyst highlighted that while a downside move is possible, it is unlikely to derail the broader bullish outlook. On the short-term chart, XRP is consolidating within a descending triangle pattern. The price has repeatedly tested the horizontal support zone near $2.65, creating what analysts describe as “triple lows.” XRP price analysis chart. Source: Tradingview CrediBULL noted that a breakdown of this level could trigger a dip into the high-timeframe (HTF) demand area between $2 and $2.40. This would represent a decline of roughly 10–15%, in line with pullbacks expected across the wider crypto market should Bitcoin ( BTC ) slide below $105,000. However, the higher-timeframe chart tells a different story. The expert noted that the current consolidation sits within a much larger bullish structure that has been developing over several years. Despite short-term weakness, XRP remains above major support levels and continues to build a foundation for a potential breakout to new all-time highs. XRP fundamentals Indeed, the technical structure emerges as XRP continues to record notable fundamental developments that are likely to influence the price. The recently unveiled XRP ETF has yet to gain traction, with investors now focusing on the potential approval of the spot product later in October. With several applications pending before regulators, attention is on how potential approval might impact the price due to anticipated institutional capital inflows. XRP price analysis By press time, XRP was trading at $2.78, having gained about 0.92% in the past 24 hours. XRP seven-day price chart. Source: Finbold In the short term, XRP is under bearish pressure. The price is currently below its 50-day simple moving average ( SMA ) of $2.99, indicating weakening momentum and potential for further downside, while remaining above the 200-day SMA of $2.58, which provides support against deeper corrections. The 14-day Relative Strength Index ( RSI ) at 37.75 underscores this bearish tilt, dipping into oversold territory but not yet extreme (below 30), suggesting limited immediate rebound potential without fresh catalysts. Featured image via Shutterstock The post Is XRP set for a massive capitulation? appeared first on Finbold .
