XRP is currently experiencing fluctuating performance, dropping by around 1% to reach approximately $3.05. This decline contrasts with the gains made over recent days. Analysts have been sounding the alarm about a potential bearish divergence for nearly two weeks now. This technical pattern occurs when prices demonstrate higher highs but the Relative Strength Index (RSI) forms lower highs, typically signaling weakening momentum before a price correction. 2020’s late-year to early-2021 period saw similar patterns on XRP’s chart, resulting in a significant downward trend that saw XRP drop between 62% and 74% over the following months. Analysts are now worried that a similar scenario could play out again. While short-term rallies are still possible, the overall trend suggests exhaustion. Expect to watch for support levels. The first notable area is around $2.90 to $3.00, with $2.90 acting as a crucial floor. A drop below this zone could lead to retesting of $2.75. If selling pressure remains high, the next major support lies between $2.55 and $2.62. Overall, the broader price structure also raises concerns. Earlier in 2023, XRP experienced a significant rally before settling into sideways consolidation and then breaking below support. It appears today’s pattern is remarkably similar to this past history, with potential for a repeat scenario.