XRP faces an 18% decline risk as a bear flag pattern forms

The XRP price has recorded a roughly 3% rebound from the $1.31 bottom set on March 27, regaining the $1.35 level. However, this movement is likely forming a (bear flag) pattern, rather than signaling a sustainable recovery, especially given the overall market still lacks supporting momentum.

Since reaching a high of $1.60 on March 17, XRP has corrected approximately 18%. Although the short-term rebound provides a positive technical signal, data from technical charts, derivatives markets, and on-chain metrics all agree on a more cautious scenario.
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