XRP has been on a downward trajectory for weeks, and the charts are revealing a trend that few bulls welcome at the moment.
Cryptocurrency analyst JD (@jaydee_757) raised concerns by publishing a 2-day TradingView chart from Gemini, highlighting a technical breakdown that carries serious implications for near-term price movement.
The Pattern Taking Shape
The chart structure pointed out by JD is a head and shoulders pattern developing between August and November. The left shoulder formed during XRP’s sharp breakout in August. Following a brief period of consolidation, the asset rallied again to create the head in September.
The right shoulder peaked near $1.35 in October. Acknowledging the pattern’s flaws, JD noted that it is “not a textbook H&S, as the right shoulder is much lower than the left.” This clear asymmetry indicates fading momentum with every new peak.
$XRP WARNING!
Potential HEAD & SHOULDERS breakdown! Not a textbook H&S, as the RIGHT SHOULDER is much lower than the LEFT!
XRP making LOWER LOWS ON 2-DAY! Former SUPPORT at $1.30 now RESISTANCE! BEARS IN CONTROL TILL RESISTANCE BREAKS pic.twitter.com/yPZrmHczFM
— JD (@jaydee_757) November 9, 2026
The $1.30 Level Flips
The $1.30 mark acted as support through several tests spanning from September to late October, with two distinct bounces highlighted by orange arrows on the chart. However, that level eventually failed. After dropping toward $1, XRP mounted a brief comeback that stalled right at $1.30. JD pointed out: “Former support at $1.30 now resistance.”
This shift is crucial. A price floor that buyers protected for months has transformed into a solid barrier, and the unsuccessful retest only validates the breakdown.
Lower Lows on the 2-Day Chart
JD also emphasized that XRP is “making lower lows on 2-day.” The chart bears this out, showing that each successive peak and trough since September has been lower than the last. This sequence outlines a clear downtrend, made more significant by the 2-day timeframe filtering out short-term market noise.
In the wake of the Democratic sweep during the midterms, both stock and crypto markets saw notable declines, and XRP was not immune. The cryptocurrency currently changes hands at $1.0963, placing it approximately 16% under the breached $1.30 support threshold.
Bears in Control
As JD summarized, “Bears in control till resistance breaks.” Until XRP manages a sustained recovery above $1.30, the path of least resistance points downward. The failed retest of resistance sent the asset tumbling further, putting it on a trajectory toward $1, which serves as the next logical support zone.
Trading well below the head and shoulders neckline, XRP currently lacks any chart evidence that buyers are returning with enough force to turn the trend around.