Key Insights
- The XRP price has crashed in the past few weeks despite important news.
- The weekly chart indicates that a double-top pattern has formed.
- It formed a series of lower lows and lower highs on the daily chart.
The XRP price tanked in November, despite Ripple making several notable announcements. It dropped to a low of $2.0, much lower than the year-to-date high of $3.6693. This Ripple price forecast examines the potential for the token to decline in December.
XRP Price Has Formed a Double-Top on the Weekly Chart
A multi-timeframe analysis suggests that the XRP price has formed a risky chart pattern that may lead to more downside. It formed a double-top pattern at $3.3981 and a neckline at $1.61245.
A double-top pattern often leads to a bearish breakout. Its profit target is usually estimated by measuring its height, which, in this case, is about 53%. Measuring the same distance from the pattern’s neckline gives it a target price of $0.7445, its lowest level since November last year.
In addition to the double-top, the Ripple price has moved below the 50-week Exponential Moving Average (EMA). Falling below this average is a sign that bears are in control for now. Further reinforcing the bearish signal is the fact that the Relative Strength Index (RSI) and the True Strength Index have continued to move downwards.
Ripple Price Has Formed Death Cross and Lower Lows
Meanwhile, the daily timeframe chart points to more downside in the coming weeks. For one, there are signs that bears have prevailed, as any attempt to rebound has faced substantial resistance.
As a result, it has formed a series of lower lows and lower highs, resulting in a descending channel. In this case, the downward trend will continue as long as the XRP price is inside this channel.
Worse, the XRP price has formed a death cross pattern, which happens when the 50-day and 200-day Exponential Moving Averages (EMA) cross each other. This pattern happened on November 7 this year. It is one of the most popular bearish patterns, and is a sign that the short-term momentum is continuing.
The bearish XRP price forecast will become invalid if it moves above the upper side of the channel. A move above that resistance will signal further gains, potentially reaching the year-to-date high of $3.665.
XRP ETF Inflows to Offset Price Declines
One potential catalyst for the XRP price in December will be the performance in the ETF industry.
Data compiled by SoSoValue shows that there are four spot ETF inflows from companies like Canary, Bitwise, Franklin Templeton, and Grayscale.
These ETFs have done well since their approval in November this year. The spot Bitwise XRP ETF (XRPC), has attracted $343 million in inflows and now has $340 million in assets under management (AUM).
Similarly, the Bitwise XRP ETF (XRP) has had $166 million in inflows, while the Franklin and Grayscale funds have $85 million and $71 million. More XRP ETFs will likely be approved in December.
XRP price has dropped despite these ETF approvals, and inflows are likely due to a situation known as ‘buy the rumor, sell the news’. This is a situation where an asset rises ahead of a major news event and then retreats when it happens.
Also, the XRP price dropped because of the ongoing crypto market crash, which affected Bitcoin, Ethereum, and most altcoins.
Another potential catalyst for the XRP price is the success of the Ripple USD (RLUSD) stablecoin this year, with its total assets surpassing $1.3 billion. This growth may accelerate after the stablecoin won approval from top countries like South Korea and the United Arab Emirates (UAE).
Like other cryptocurrencies, the Ripple price will likely react to the upcoming Federal Reserve interest rate decision and its guidance on what to expect in 2026. A sign that the bank will continue cutting rates will be bullish for XRP and other tokens.
Additionally, a rebound in XRP’s open interest will be a sign that demand is rising, a bullish indicator.
Crispus is a distinguished Financial Analyst at, bringing over 12 years of expertise in cryptocurrency markets, specializing in Bitcoin and altcoins. Renowned for his sharp insights at the nexus of market trends and breaking news, Crispus delivers actionable analysis to empower investors. His work is prominently featured across leading platforms, including BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com, cementing his reputation as a trusted voice in the financial world.