The article discusses the current state of XRP's price and its potential for recovery. XRP recently experienced a bearish pullback, dropping by nearly 30% over the past three weeks. It lost support at crucial levels, leading to increased short positions in the derivatives market. However, XRP still has bullish potential as it remains above the local support trendline and shows signs of a potential comeback, with an uptick in the RSI line indicating growing buying momentum. If XRP can break out of the current wedge pattern, it could challenge the overhead resistance trendline and reach a new all-time high. On the flip side, if buyers fail to maintain dominance, XRP could retest the $2 psychological mark and potentially drop further, with the final support level being the 200-day EMA at $1.62.



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