XRP's price rally is encountering increasing risks of correction as market patterns resemble those preceding significant downturns in 2018 and 2021. As of April 29, XRP was trading approximately 120% above its realized price, signaling potential overvaluation. The current price is around $2.29, with a rising wedge pattern suggesting a possible decline to about $1.89 if the trend reverses. Additionally, the RSI indicates the asset is nearing overbought conditions, which could prompt profit-taking. Historical data show that substantial divergences from realized price often lead to sharp corrections. Conversely, bullish signals emerge from a falling wedge pattern on the weekly chart, potentially aiming for a price increase towards $2.92, should XRP maintain its position above its 50-week EMA support at $1.67. The outlook indicates mixed signals, with significant volatility expected in the near future, making thorough analysis crucial for traders.

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