Ripple’s XRP has experienced a sharp decline this week, falling significantly behind major cryptocurrencies like Bitcoin, Ethereum, BNB, and SOL. Currently trading at $2.37, XRP has lost over 5% in the past seven days, with a significant 3.4% drop within the last 24 hours, according to Coingecko data. This slide follows a period of strong gains following Ripple’s settlement with the SEC on March 19th. The agreement involves a $50 million payment from Ripple and an anticipated court ruling to lift the previous injunction against them. Despite this progress, XRP’s trading volume has significantly decreased, dropping from over $4 billion to just $2.9 billion in the last week—a decrease of more than 39%. Recent analysis reveals that this downturn is being driven by two bearish patterns on the XRP/USDT price chart: a potential head and shoulders formation and a descending triangle. These patterns suggest potential downside risks for XRP.