XRP price at risk of a crash as two risky chart patterns form

cryptonews01-17

XRP’s price is on track to drop for two consecutive weeks, as it pared back gains made earlier this year. Summary XRP price has formed a large double-top pattern on the weekly timeframe chart. It...

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Data compiled by SoSoValue shows that spot XRP ETFs have had $107 million inflow this month, lower than December’s $500 million and November’s $666 million.The weekly chart shows that XRP has slumped from a record high of $3.6550 in July to the current $2.05. A closer look shows that it has formed a few bearish patterns. It formed a dragonfly doji candlestick pattern last week.Polymarket faces insider-trading fears as ‘Maduro trade’ shakes prediction markets","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"XRP":"Bitwise XRP ETF"},"translate_title":"随着两种风险图表模式的形成，XRP价格面临崩盘风险","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XRP":1.5},"content_text":"XRP’s price is on track to drop for two consecutive weeks, as it pared back gains made earlier this year.\n\n\nSummary\n\n\n\nXRP price has formed a large double-top pattern on the weekly timeframe chart.\nIt has formed a dragonfly doji candle on the weekly timeframe chart.\nXRP inflows and futures open interest have pulled back recently.\n\n\n\nRipple (XRP) token was trading at $2.05, down by ~15% from its highest point this year, and technical analysis points to more downside in the near term.\nThe decline happened as market participants continued to react to the happenings in Washington, where the Senate Banking Committee withdrew the Market Structure Bill after objections by Coinbase, the biggest cryptocurrency exchange in the United States.\nRipple Labs has expressed support for the bill, with Brad Garlinghouse, the Chief Executive Officer, saying that having a bill was better than having none. He believes that the bill has more good things for the crypto industry.\n\nVideo Statement from @bgarlinghouse, @Ripple CEO on the Clarity Act postponement and Coinbase's withdrawal of support from CfC St. Moritz.\"Clarity is always better than chaos and the industry needs clarity\". pic.twitter.com/HcOr6UGH3u— Leonidas (@LeoHadjiloizou) January 16, 2026\n\nXRP dropped as the momentum in the exchange-traded fund market waned. Data compiled by SoSoValue shows that spot XRP ETFs have had $107 million inflow this month, lower than December’s $500 million and November’s $666 million. \nAnother sign that demand is falling, with the futures open interest being in a downward trend since January 6. It has moved from a high of $4.5 billion to $3.9 billion today.\nXRP price analysis points to a bearish breakout\nRipple price chart | Source: crypto.news \nThe weekly chart shows that XRP has slumped from a record high of $3.6550 in July to the current $2.05. A closer look shows that it has formed a few bearish patterns. It formed a dragonfly doji candlestick pattern last week.\nThis pattern consists of a tiny body and a long upper shadow and is a common bearish reversal sign. It has also formed a double-top pattern at $3.4045 and a neckline at $1.6140, its lowest swing in April this year.\nThe token has moved below the 50-week and 100-week Exponential Moving Averages, a sign that bears are in control. It has also moved below the Supertrend indicator.\nTherefore, the most likely scenario is where the token retreats further in the coming weeks. If this happens, the initial target to watch will be the December low of $1.7712. A drop below that price will point to more downside to the neckline at $1.6140, which is about 22% below the current level.\n\n\n\n\n\n                You might also like:\n            \n\n                Polymarket faces insider-trading fears as ‘Maduro trade’ shakes prediction markets","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2604918781","isCrawlerRequest":true}