$XRP provides a well-rounded perspective with key insights:

Short-Term Risks:

Double Top Pattern: A classic bearish reversal, with confirmation after breaking the $2.47 neckline. Targeting ~$2.30 if the pattern plays out.

Rising Wedge Breakdown: Suggests possible drop to $1.94, especially risky due to the concentration of leveraged long positions — increasing chances of a long squeeze.

EMA Support Test: Price action near the 50-period 4H EMA is crucial; a decisive break below could accelerate selling.

Long-Term Bullish Case:

Macro Patterns: Falling wedge and symmetrical triangle breakouts point toward long-term upside. Targets range from $3.69 to $17, depending on continuation and broader crypto market conditions.

Altseason Narrative: Still intact, but temporarily overshadowed by near-term consolidation and resistance zones.