Is the XRP price rally over for now? 📉
Recent analysis indicates that XRP could face short-term downside risks, with a possible decline to $1.94 following a 'double top' and a breaking wedge pattern.
Despite these short-term risks, the long-term outlook for XRP shows potential targets between $3.69 and $17, driven by historical patterns and technical analysis.
Traders are seemingly in denial according to onchain metrics, although past trends suggest this phase often precedes market corrections.
Ultimately, while short-term caution is advised, the long-run potential remains bullish.
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