The market-wide downtrend has caused XRP to suffer major losses, dropping 23.23% over the past week. Market analyst Arina Karayi has outlined three bearish targets for XRP, with the asset already moving below the first target at $2.23. Karayi predicts a short period of bullish recovery that could push the price above $2.5085, but believes it will be short-lived. If the recovery retests the upper trendline at $2.6, Karayi expects another pullback. Below the first bearish target is a second target at $1.96, and a third target at $1.57. However, if Bitcoin's dominance drops, the bearish projection could be invalidated.



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