Popular analyst Peter Brandt has provided a bearish outlook for XRP, identifying a head-and-shoulders pattern that could lead to a drop below the $2 support level. He noted that XRP could plummet to $1.07 if it loses the $1.9 support.

Other analysts, including CasiTrades and Ali Martinez, have also commented on bearish patterns, yet some remain optimistic, like Dark Defender, who predicts a bullish rally reaching as high as $23.20. Despite recent price drops, some believe XRP's long-term outlook remains positive.