XRP’s price action over the past few days has taken a softer turn, with the token now trading below $2 after failing to make recent recovery attempts. That move changed the momentum in the short term back in favor of sellers, especially as the longer-term price action closes below short-term dynamic support.
A technical analysis divided by CoinsKid on
3-wave correction: structure and meaning
Technical analysis of XRP’s price action since mid-2025 shows an interesting corrective sequence that can be described in terms of waves. According to CoinsKid, what appeared to start as a corrective advance towards the cluster of moving averages on the 5-day chart failed to hold its ground as resistance emerged at the marked sell signal, as shown in the chart image below.
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According to CoinsKid’s interpretation of the 5-day candlestick chart, XRP price action appears to be shaping up a corrective movement with three waves. The significance of this interpretation lies in the implication that the most recent bounce to $2.4 was not a true shift into bullish control, but a retracement within a larger downside correction pattern that has more moves to offer.
A key point in the analysis is the loss of a custom indicator, the CoinsKid ribbon, within the 5-day time frame. This band of moving averages previously acted as a guide to trend strength through most of 2025, with continued trading above it indicating bullish control. However, XRP has repeatedly closed below this ribbon since the flash crash in October 2025and vendors have retained control of the broader structure ever since.
XRP price chart. Source: @Coins_Kid on X
Multi-year trend line as a negative magnet
The bearish scenario outlined on the chart places XRP’s next major area of interest around the rising multi-year support trendline, which is currently converging in the $1.30 to $1.40 range. This rising white trendline, which is visible on the 5-day chart and extends into 2020, coincides with zones where XRP found strong demand after a pullback. The highlighted green zone on the chart is in the middle of this range from $1.30 to $1.40.
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At the time of writing, XRP is trading at $1.96, down 4.7% in the past 24 hours. CoinsKid’s projection is that if the current corrective move continues, XRP price could turn lower from the descending resistance line and travel towards this support area in the coming months. This would be the final step in an ABC wave correction that started after XRP peaked at a new all-time high of $3.65 in July 2025.
According to the analysis alone a sustained movement back up the five-day ribbon would negate this bearish path and reduce the chance of the price revisiting that lower support area.
Featured image created with Dall.E, chart from Tradingview.com