Given this, it is expected that the breakout from the consolidation phase would be massive. This could be akin to what was experienced back in November 2024, when the XRP price rallied by over 600% before reaching a top.
The crypto analyst highlights that a decline below $2 would mean that the bull rally is over and the bear market is looming into view. In the worst-case scenario, the XRP price would fall into a longer consolidation trend, pushing it as low as $1.
