XRP's current price is around $2.36, with a 0.65% increase in the past 24 hours.¹ However, top analyst Peter Brandt warns of a potential crash to $1.07 due to a head and shoulders pattern on the XRP price chart, indicating a trend reversal from bullish to bearish.²

Several catalysts could prevent this drop, including:

- *ETF Approval*: Nate Geraci, President of ETF Store, believes a spot XRP ETF approval is imminent, which could push XRP's price past $2.90 and invalidate the bearish pattern.

- *Positive Market Sentiment*: 72% of traders on Binance have opened long positions on XRP, indicating a positive sentiment.

- *End of SEC Lawsuit*: The conclusion of the Ripple vs. SEC lawsuit could also boost XRP's price.

In terms of technical analysis, XRP's 4-hour price chart shows a demand zone with bullish pressure stronger than bearish pressure, which could prevent a drop to $1.90. However, a decisive close above the $2.59 resistance is needed to confirm a bullish trend.

Some analysts predict a massive potential upside for XRP, with prices reaching as high as $16.³ However, it's essential to keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.

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