XRP Faces Potential Market Correction: Is History Repeating Itself?

Analyst Steph is sounding the alarm about XRP’s potential for a major correction, citing the cryptocurrency’s long-term price chart. The weekly chart shows a symmetrical triangle formed in 2017 that has persisted and is placing pressure on prices. This pattern has historically been a key trigger for sharp reversals, potentially leading to significant market drops if XRP fails to break out from resistance. 2018 saw a 50% retracement after reaching a peak, with corrections deeper in subsequent years around the same levels. Steph’s analysis suggests these events repeat themselves frequently, creating a dangerous pattern for investors.