XRP And ADA Drop Another 2% — Two Charts With One Brutal Message

XRP (CRYPTO: XRP) and Cardano (CRYPTO: ADA) are down 2% and 4%, respectively, on Thursday as both cryptocurrencies approached key breakdown levels inside long-running bearish structures.

XRP Faces Pressure As Triangle Structure Weakens

XRP Price Analysis (Source: TradingView)

XRP continues to sit inside a symmetrical triangle, but its latest rejection at the cluster of moving averages between $2.41 and $2.63 shows the pattern losing stability. 

The token trades near $2.33 and remains pinned to the lower Bollinger Band, indicating persistent selling pressure and limited volatility relief.

Efforts to reclaim the 20-day mid-band failed again as sellers leaned on the 50- and 100-day EMAs, which have turned lower.

The 200-day EMA near $2.57 now acts as a structural ceiling after multiple failed breakout attempts.