Recent price action for XRP has been bearish, closing below the $3 psychological level. However, analysts are optimistic about Q4 based on a recurring market fractal pattern. This pattern suggests a potential rally to $4.35-$4.85 if a key chart condition is met. Here’s a breakdown: 1) While whale flows remain negative and suggest near-term downside pressure, the long-term outlook for XRP remains constructive. A similar market fractal from earlier this year may provide further insight. 2) XRP reached new highs as recently as July, forming a local high at $3.66 before correcting. The current chart reflects a similar setup with a new fair value gap (FVG) between $2.32 and $2.66. If this FVG is filled, the probability of a renewed expansion phase increases, potentially setting the stage for a breakout rally.