Top Trader Says XRP Is No Longer in Accumulation, Eyes Short Opportunities

Analyst Lars Kooistra says XRP may be entering a more bearish phase after a recent shift in market structure, despite earlier signs of accumulation.

XRP’s price continues to hover around $1.32, with negative performance across daily, weekly, and monthly time frames. While some expect a bullish reversal, Kooistra believes it may take time.

Key Points

From Accumulation to Distribution

In his latest update, Kooistra explained that XRP initially followed a TCT accumulation schematic, which pushed the price upward and invalidated his earlier short setup. That move forced him to close his position at breakeven, as the price revisited higher levels instead of continuing downward.

However, the structure has now evolved.

According to him, XRP has transitioned into a higher time frame distribution pattern, suggesting that sellers may be regaining control after the temporary upside move.

Bearish Bias Still in Play

Kooistra also noted that the higher time frame still shows price compression, which often precedes a strong move, and he expects that move to be downward.

He is now looking for short opportunities around key supply zones, especially areas with unfilled orders.

However, he warned that the price may not return to those levels, as the market could already be in a distribution phase. Essentially, missing an entry now may not guarantee another chance later.

Earlier Outlook

Just days earlier, Kooistra had a different outlook.

Specifically, on April 10, he observed that XRP had confirmed an extended accumulation model, invalidating expectations of a breakdown. At that point, he noted there were no clear re-entry opportunities, as the price maintained strength.

Going further back to April 7, his strategy was firmly bearish. He described a “go big or go home” short setup, operating in what he called a pro-bearish environment. That position was partially de-risked after a 20% take-profit at the range low, with expectations of a deeper “bearish flush” if support failed.

Key XRP Levels and What Comes Next

The latest chart shows XRP struggling below a major supply zone around the mid-$1.30s, with price currently hovering near $1.33.

Kooistra’s projected path suggests a possible short-term bounce or consolidation, followed by a sharp move lower if resistance holds.

On higher time frames, the chart also highlights downside targets extending toward the $1.20–$1.10 region.

Ultimately, Kooistra’s analysis suggests that even when bullish setups appear, higher time frame pressure can shift momentum back to the downside.

XRP has shown strength in recent sessions, including a move above $1.40 last week, but this momentum has since reversed, with some analysts expecting new lows.

Risk of $0.70 Still Lingers

Last week, analyst ChartNerd warned that XRP could fall toward $0.70 if it fails to break resistance at $1.80 and $2.00. While maintaining this bearish outlook, the analyst noted he would be happy to be proven wrong but insists the risk of a drop below $1 remains.

Analyst Casi Trades shares a similar outlook. She noted that XRP’s brief rebound has ended, with a likely fall toward $0.85 in worst-case scenarios.

Yet other bullish commentators, like Dark Defender and Javon Marks, are calling for a new all-time high run for XRP based on the current setup.