Recent price fluctuations for XRP show an upward trend after hitting a four-month low, but this rebound may not be sustainable as technical signals suggest a deeper correction could be on the horizon. The cryptocurrency is currently forming an inverse cup-and-handle (IC&H) pattern, which often indicates a significant price drop of at least 40% in the coming weeks. This pattern typically appears when prices are rounded off, followed by a brief consolidation phase. As of April 19, XRP has entered the handle-formation phase, with a potential decisive close below the neckline support level around $2. A close below this level would suggest a further decline to approximately $1.24, representing an almost 40% drop from current prices. This target aligns with XRP’s 200-3D exponential moving average (EMA) at around $1.28 and coincides with its 2025 peak. 40% of XRP addresses are currently in profit, a metric that historically reached similar levels during previous market peaks and may incentivize further selling. Veteran trader Peter Brandt has also predicted a potential 50% decrease in XRP’s market capitalization over the coming weeks.