XRP has experienced a 30% rebound from a four-month low of $1.61, but technical patterns and on-chain signals suggest a potential deeper correction may be imminent. Currently, XRP appears to be forming an inverse cup-and-handle pattern, suggesting a possible drop of at least 40% in the coming weeks, targeting around $1.24. This pattern is corroborated by technical indicators, including the 200-3D exponential moving average (EMA) at approximately $1.28. Historical price behavior indicates that similar technical structures have led to sharp pullbacks following significant price surges. Presently, XRP's realized price stands at approximately $1, which has practical implications for market participants as it may trigger selling pressure if the price approaches this level. Moreover, over 80% of XRP holders are currently in profit, reminiscent of conditions prior to previous market tops, which could incentivize profit-taking. Sentiment for XRP reaching a new all-time high has also waned, with only a 35% probability of surpassing $3.55 before 2026, indicating a bearish outlook as risks rise amid global tariff tensions under Donald Trump's administration.

Source đź”—