Is XRP set for a massive capitulation?

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 ￰0￱ an X post on September 26, the analyst highlighted that while a downside move is possible, it is unlikely to derail the broader bullish ￰1￱ the short-term chart, XRP is consolidating within a descending triangle ￰2￱ price has repeatedly tested the horizontal support zone near $2.65, creating what analysts describe as “triple lows.” XRP price analysis chart.) 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 ￰3￱ expert noted that the current consolidation sits within a much larger bullish structure that has been developing over several ￰4￱ short-term weakness, XRP remains above major support levels and continues to build a foundation for a potential breakout to new all-time ￰5￱ fundamentals Indeed, the technical structure emerges as XRP continues to record notable fundamental developments that are likely to influence the ￰6￱ recently unveiled XRP ETF has yet to gain traction, with investors now focusing on the potential approval of the spot product later in ￰7￱ several applications pending before regulators, attention is on how potential approval might impact the price due to anticipated institutional capital ￰8￱ price analysis By press time, XRP was trading at $2.78, having gained about 0.92% in the past 24 ￰9￱ seven-day price chart.) 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 ￰10￱ 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 ￰11￱ image via Shutterstock