Although XRP is experiencing a shorter-term bullish sentiment, long-term technical indicators suggest the asset may be entering a new bear cycle. This possible bear cycle follows more than five years of trading within a long-term upward channel that began after the March 9, 2020 COVID flash crash, according to insights from TradingShot shared in a TradingView post on November 7. XRP price analysis chart. Source: TradingView The analyst highlighted key technical indicators confirming this shift. Notably, XRP recently broke below the 50-week moving average (MA), a critical support line that has historically marked trend continuation or reversal points. Last month’s flash crash briefly touched the 100-week moving average before recovering, mirroring price behavior observed in previous bear cycles. At the same time, XRP’s July 14, 2025 all-time high coincided with the 2.5 Fibonacci extension level, matching the previous cycle’s peak from April 2021. Similar weekly RSI patterns and the recent 1W MA50 breach strongly suggest a bearish phase is underway. Historical precedent indicates that such patterns often lead to sharp downward moves. XRP next price levels to watch Now, according to TradingShot , XRP could target the $0.90 level, aligning with the 0.618 Fibonacci retracement from the previous bear cycle and the 1M MA100. A potential entry point for long positions may emerge when the weekly RSI approaches oversold territory below 30, signaling a possible bottom. Bearish sentiment is further supported by whale transactions signaling possible large-scale selling. On-chain data tracked by Whale Alert indicates that over the past 24 hours, more than 190 million XRP, worth roughly $448 million, moved between Gemini and unknown wallets. Such large transfers often signal potential market activity, fueling speculation that XRP’s price could see short-term volatility as traders react to institutional positioning. This bearish sentiment comes even as Ripple continues to make notable deals . In this case, Ripple has announced a $500 million strategic investment at a $40 billion valuation, backed by top institutional investors including Citadel, Fortress, and Pantera Capital. The funding follows a record year and a $1 billion tender offer, with Ripple also repurchasing over 25% of its shares. XRP price analysis By press time, XRP was trading at $2.31, up over 4% in the past 24 hours, though it has plunged over 7% in the past week. XRP seven-day price chart. Source: Finbold XRP’s current price remains well below both the 50-day SMA ($2.65) and 200-day SMA ($2.65), confirming strong bearish momentum. The token is in a clear downtrend, having lost support from these key moving averages. Meanwhile, the 14-day RSI at 43.51 is neutral, neither oversold nor overbought, indicating no immediate exhaustion in selling pressure but also no strong bullish reversal signal yet. Featured image via Shutterstock The post XRP ‘begins bear cycle’, set for crash to this level appeared first on Finbold .
