XRP has seen a acute 25% decline from its recent local high of $2.90, leaving investors questioning its next move. Despite the correction, many analysts remain confident about XRP’s potential to regain momentum, while others predict a deeper rebound before any significant upside. The market seems divided, with bulls anticipating a potential breakout and skeptics preparing for a serene sell-off.

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Cryptocurrency analyst Harry joined the discussion by sharing a detailed technical analysis of X. He emphasized that XRP could reach a price of $4 after completing a deeper retracement. Harry’s analysis suggests that while bullish sentiment remains, the path forward may require additional consolidation or even a near-term decline to reset market conditions.

This divergence of opinion highlights the uncertainty surrounding XRP’s price movement. Will the comeback be the starting point for another rally or will it pave the way for prolonged bear pressure?

As XRP oscillates near key levels, the coming days will determine whether bulls or bears take control. For now, XRP holders and traders need to keep a close eye on these moves, as the future of the token depends on breaking the current impasse.

Price Action signals a storm ahead of the race

XRP has recently faced a significant pullback and many analysts believe that further correction or consolidation could be on the horizon before the bullish continuation occurs. After reaching a high level, the token stops, and some experts predict a stabilization period. However, the bull camp remains hopeful, expecting modern highs in the coming months as buying-side pressure builds.

Harry’s best analyst shared his observations about Xindicating that XRP has yet to retest the critical $1.96 breakout level. Currently, the price is hovering between $1.96 and its 2017 all-time high of $2.77. According to Harry’s technical analysis, this positioning indicates increasing momentum.

He then suggests that if the current XRP flag pattern breaks to the upside, the token could be poised for a massive rally towards modern highs.

This analysis comes after weeks of speculation about XRP’s price trajectory, especially in the wake of Bitcoin’s volatile moves. BTC fluctuated around the psychological level of 100,000. dollars, beating it and losing it many times. These conditions have added an additional layer of uncertainty to the market, leaving investors unsure of what to expect next.

XRP shows indecision

XRP is trading at $2.40, marking a 14% bounce from recent local lows of $2.16. Despite this rebound, the token’s price action remains uncertain as market sentiment remains divided. Traders and investors are closely monitoring further moves and there are no definitive signs pointing to a bullish continuation or the formation of a top in the cycle.

The key levels to watch are $2.25 and $2.50. If XRP manages to stay above the support at $2.25 and regain the $2.50 level in the near future, it could mark the beginning of another bullish rally. This scenario would likely create additional buying pressure, bringing XRP closer to retesting recent highs. However, the current market indecision reflects broader uncertainty, and failure to regain these levels could lead to further consolidation or a potential decline.

As Bitcoin and the broader cryptocurrency market experience volatile trends, XRP’s next move will be crucial in determining its trajectory. For now, the token remains in a frail position and investors should remain cautious while watching key price levels. Whether XRP resumes its upward momentum or an additional correction occurs will largely depend on market conditions in the coming days.

Featured image from Dall-E, chart from TradingView