• An XRP analyst has predicted more bearish pressure for the crypto token.

  • The analyst spotted a massive triangle breakdown on XRP’s monthly chart.

  • XRP’s ultimate rebound will happen in 2026 after Ripple wins the SEC in court.

An XRP analyst on X (formerly Twitter) has predicted more bearish pressure for the cryptocurrency before the Ripple vs. SEC case concludes in 2026. The analyst identified a significant triangle breakdown on XRP’s monthly chart after the altcoin closed below $0.42 last week.

No one is talking about this MASSIVE $XRP triangle breakdown. A weekly close below $0.42 is extremely bearish. $XRP has been in a primary WAVE 2 correction (A-B-C pattern) since the 2018 peak. Currently, WAVE C is unfolding, and we are likely in WAVE 3 or 5. A sharp sell-off is… pic.twitter.com/PzoIEtCfwB

— The_Ripple_Effect (@Ripple_Effect11) July 8, 2024

According to the analyst, XRP has been in a primary WAVE 2 correction in an A-B-C pattern since its 2018 peak. They believe a WAVE C is unfolding, and the price is likely in WAVE 3 or 5, suggesting a sharp sell-off based on their chart analysis.

The analyst acknowledged the potential impact of the ongoing Ripple vs. SEC case on XRP’s price development. They noted that the case is expected to conclude by mid-2026, citing the Second Circuit’s timeline.

However, the XRP analyst thinks Smart Money sees buy targets around the points he highlighted as “3” and “4” on the posted chart. Those are points far below XRP’s current level, with point “3” even below the $0.12 price level. 

The analyst also highlighted a pattern in the Ripple vs. SEC case: it started in 2020, and three years later, in 2023, the court ruled that XRP is not a security. They predict that Ripple will win the case in 2026, triggering a significant price pump for the embattled cryptocurrency.

XRP has been the subject of numerous predictions over long periods. The altcoin currently trades at $0.43629, rebounding from last Friday’s low of $0.38249, according to TradingView data.

As the Ripple vs. SEC case continues to unfold, XRP’s price remains a subject of intense speculation. While some analysts predict a significant price surge if Ripple wins in 2026, others caution that short-term bearish pressure may persist.

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