XRP's price is facing a bearish outlook following a breakdown from a rising wedge pattern. This pattern indicates that upward momentum has weakened, and the cryptocurrency's price has dropped below the Ichimoku Cloud, reinforcing the negative trend. After attempting a recovery from the April 7 lows around $1.60, XRP has lost momentum, allowing sellers to dominate. Analysts suggest that the breakdown sets $1.60 as a critical support level, indicating potential further declines. For XRP bulls to reverse the bearish trend, they must surpass the recent high of $2.18. The analysis indicates overall challenging prospects for XRP as it navigates this bearish phase.

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