According to an analysis by Cointelegraph , the XRP price shows signs of a possible correction, similar to the movements seen in 2018 after reaching record highs. At the same time, a technical target of $4.60 remains in sight within a bullish pattern. XRP Market Analysis On January 29, the XRP price dropped by 4% , reaching a low of $3.02 . Analysts at Cointelegraph indicate that there is a downside risk due to the current market structure. Bearish Scenario: Breakdown of Symmetrical Triangle to $2.50 Chart analysis shows that the XRP price is forming a symmetrical triangle pattern , a formation that can predict both upward and downward movements. Key Observations: Symmetrical triangles often indicate a neutral phase where a breakout in either direction is possible. If XRP breaks below the lower trendline, the price could drop towards the 50-day exponential moving average (EMA) at $2.57 or even as low as $2.50 . This would represent a potential correction of 18% from current price levels. Conversely, a breakout above the triangle could push XRP towards $3.75 , depending on the strength of the move. Declining Activity Among XRP Holders According to data analyzed by Cointelegraph , XRP holder activity has been decreasing. Key Data: The number of active XRP addresses dropped from 108,771 on December 2, 2024 , to 40,292 on January 28, 2025 . This represents a decline of over 39% in just 10 days , coinciding with a 10% price drop. This trend suggests that many investors are taking profits after the strong surge to $3.40 . If this pattern continues, the XRP price could drop further before a recovery takes place. Bullish Scenario: Potential for a Rise to $4.60 Despite the current consolidation, the XRP price remains within a bullish flag pattern . Key Points: This pattern emerged after the price surged from $2.27 to $3.40 between January 10 and 16 . Currently, XRP is trading within a descending parallel channel, with the upper boundary of the flag at $3.30 acting as a key resistance level. A breakout above this level could trigger a new rally. The bullish price target, calculated based on the previous surge, is around $4.60 , representing a potential 52% increase from the current level. Disclaimer: This is not financial advice. Always conduct your own research and seek professional guidance.