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 overstated.
In an X post on September 26, the analyst highlighted that while a downside move is possible, it is unlikely to derail the broader bullish outlook.
On the short-term chart, XRP is consolidating within a descending triangle pattern. The price has repeatedly tested the horizontal support zone near $2.65, creating what analysts describe as “triple lows.”
XRP price analysis chart. Source: Tradingview
CrediBULL noted that a breakdown of this level could trigger a dip into the high-timeframe (HTF) 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
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