Ripple’s cross-border token XRP has lost roughly 65% over the past year and currently trades around $1.08, representing a 4% weekly loss. Analyst Hamza warns of a breakdown from a symmetrical triangle with a target of $0.836, while Carl Hawley notes extreme weakness, marking the asset as the most oversold since the COVID-19 pandemic. The rise in XRP tokens on Binance, reaching approximately 2.62 billion units, signals increased immediate selling pressure. Despite this bearish outlook, some analysts remain optimistic, with MARMOT anticipating a pattern similar to 2017 that could potentially drive XRP to $13.
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