XRP’s weekly chart is flashing a bearish continuation risk after failing to reclaim the $1.60 area, according to veteran chartist Aksel Kibar, CMT. His latest XRPUSD setup points to a possible extension lower toward $0.75 if the current consolidation breaks down.
Kibar, who posts under the TechCharts account on X, is a Chartered Market Technician and classical chart trader with more than 15 years of experience in global equity market analysis. He’s an ex-fund manager who has worked for Yapi Kredi Bank in Turkey and the National Bank of Abu Dhabi, where he worked as a senior technical analyst and fund manager.
His reputation in technical-analysis circles has also been reinforced by Peter Brandt, the veteran commodity trader and author, who has repeatedly amplified Kibar’s work as “the most accomplished pure classical chart analyst alive today.”
XRP Stalls Below $1.60 Resistance
The more important detail is the structure forming beneath it. XRP is not merely trading below $1.60; it has been compressing inside what resembles a triangular consolidation. The upper boundary slopes lower from the failed recovery attempt, while the lower boundary rises from the post-breakdown lows.
In classical charting, that kind of structure can resolve either way, but its location matters. A triangle forming after a major breakdown and below former support is often treated as a potential continuation pattern unless buyers force a recovery back above resistance.
Kibar’s $0.75 target appears to come from the pattern’s measured move. The widest part of the triangle spans roughly from $1.67 down to $1.12, giving the structure a height of about $0.55. If XRP breaks below the triangle near the $1.30 area, subtracting that $0.55 range gives a downside objective near $0.75.
That makes the target less arbitrary than a simple horizontal support call. It is the projected extension of the current compression if the market confirms a breakdown. The setup still requires that confirmation. Without a decisive break below the triangle, the chart remains a risk structure rather than a completed bearish signal.
At press time, XRP traded at $1.29.
