XRP is facing a potential 55% decline due to a bearish head-and-shoulders pattern identified by trader Peter Brandt. As XRP trades at $1.90, a drop below this level could lead to a significant price correction, potentially bringing XRP down to $1.07. Despite this, there are contrasting views; trader Javon Marks points out that historical patterns indicate the possibility of a bullish breakout, suggesting that XRP's recent price movements above its falling wedge pattern could lead to substantial gains. Since its rally related to the Ripple SEC lawsuit resolution, XRP has notably underperformed, dropping 4.7% over the past week with trading volumes decreasing by 35%. Analysts highlighted the importance of reclaiming the $2.50 level, which has served as key support and resistance, as vital for XRP's price direction in the upcoming weeks.

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