XRP Price Dips 5%, More Pullback Likely

XRP is down over 5%, currently trading at $2.06, following Bitcoin’s recent dip. A bearish head and shoulders pattern is forming, with the neckline between $2.10–$2.15, which XRP has started to break below.

Analysts believe XRP is in the final (fifth) wave of an upward trend. After this, a major correction is likely. In the short term, XRP may drop further, possibly reaching $1.26–$1.23, before starting a new rally.

Caution is advised as the correction may not be over yet.