XRP to revisit its $1 'realized price'? These charts paint a bearish picture
XRP has experienced a 30% bounce from a four-month low of $1.61, but analysts suggest this rebound may be short-lived due to bearish technical patterns and on-chain signals. A classic inverse cup-and-handle pattern is forming, indicating a potential price drop of at least 40%, aiming for a target around $1.24. This bearish target is further supported by the cryptocurrency's 200-3D exponential moving average at approximately $1.28. Historical trends show that XRP's price behavior often results in significant pullbacks following major surges, with a realization price close to $1 expected in 2025. Currently, over 80% of XRP addresses are in profit, a level historically associated with profit-taking and retracement. Additionally, sentiment concerning XRP reaching new all-time highs above $3.55 is declining, with prediction markets showing only a 35% probability of achieving this milestone before 2026.
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