{"id":26927,"date":"2026-04-28T10:50:48","date_gmt":"2026-04-28T10:50:48","guid":{"rendered":"https:\/\/bitunikey.com\/news\/will-xrp-price-crash-to-1-as-bearish-pennant-pattern-takes-shape\/"},"modified":"2026-04-28T10:51:07","modified_gmt":"2026-04-28T10:51:07","slug":"will-xrp-price-crash-to-1-as-bearish-pennant-pattern-takes-shape","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/will-xrp-price-crash-to-1-as-bearish-pennant-pattern-takes-shape\/","title":{"rendered":"Will XRP price crash to $1 as bearish pennant pattern takes shape?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP price fell 5% from last week\u2019s high, driven down by declining network activity and cooling retail interest. It has now formed a bearish pennant pattern that positions the token for more pain in the coming sessions.<\/p>\n<div id=\"cn-block-summary-block_d184888d4918065e178c71a6fecfda57\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XRP price fell about 5% to $1.39, extending losses to nearly 40% from its January peak as network activity and retail participation declined.<\/li>\n<li>XRP Ledger metrics weakened, with fees dropping to $34.9K this month, daily transactions falling to ~212K, and active users slipping to 168K.<\/li>\n<li>Bearish pennant pattern and negative Chaikin Money Flow signal continued downside risk, with $1 identified as the next key support level.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, XRP (XRP) price fell 5% from last Wednesday\u2019s high to $1.39 at press time, while its market cap dropped to $85.8 billion. At its current price, the token is down nearly 40% from its year-to-date high of $2.36 reached in early January.<\/p>\n<p>XRP price fell alongside a visible slowdown in XRP Ledger activity. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/xrpl?chainFees=false&amp;groupBy=quarterly&amp;appFees=true&amp;tvl=true&amp;appRevenue=false\" target=\"_blank\" rel=\"nofollow\">Network revenue<\/a> has remained subdued, with the protocol generating just $34,900 in fees so far this month. That follows $75,000 in the first quarter, down from $128,000 in the previous quarter, pointing to reduced usage despite the project\u2019s large valuation.<\/p>\n<p>Transaction metrics also show a clear decline. Daily payment transactions on the XRP Ledger have fallen to around 212,856, a sharp drop from the millions recorded a few months ago. Active user count has continued to slide as well, currently standing at about 168,000.<\/p>\n<p>At the same time, the network\u2019s burn rate has eased further. Only around 400 XRP tokens, valued at less than $600, are being burned each day. A slower burning rate reduces the deflationary pressure on the circulating supply and makes it harder for the price to sustain upward momentum.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">XRP price analysis<\/h2>\n<p>On the weekly chart, XRP price has formed a bearish pennant pattern, a technical setup consisting of a flagpole with a symmetrical triangle pattern that typically signals a continuation of the previous downward trend.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">XRP price has formed a bearish pennant pattern on the daily chart \u2014 April 28 | Source: crypto.news<\/figcaption><\/figure>\n<p>XRP price action has also slipped below the 61.8% Fibonacci retracement level, a threshold traders often watch to confirm downside continuation. Furthermore, the Chaikin Money Flow index has fallen to a negative reading, suggesting that capital is flowing out of the asset as whales and institutional investors trim their positions.<\/p>\n<p>Given these signals, the near-term outlook remains tilted to the downside. The next major level to monitor sits around $1. A break below that zone could open the door to deeper losses, potentially toward psychological support levels seen late last year.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP price fell 5% from last week\u2019s high, driven down by declining network activity and cooling retail interest. It has now formed a bearish pennant pattern that positions the token&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=26927"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26927\/revisions"}],"predecessor-version":[{"id":26928,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26927\/revisions\/26928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/13332"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=26927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=26927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=26927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}