While positive sentiments are coiling up for the XRP price, the crypto is believed to undergo a major correction.
A popular analyst, Tolberti cautions the XRP Army to be prepared for an 80% drop in XRP prices that may drag the asset as low as $0.1.
The Ripple crypto has been within an extensive bear market since 2017, as the asset has not marked the highs for nearly 5 years,
The XRP price continues to trade within a massive parallel channel which is more evil for the asset than may further compel it to undergo a breakdown.
Initially, the XRP price broke down front the symmetrical triangle during the major collapse in May 2022 which led to a drop of nearly 55%.
As a result, the XRP price forecast in the term remains extremely bearish as a steep downtrend towards the lower strong support at $0.1013 emerges.
Following the crash, the analyst still believes the asset to ignite a strong bull run from 2023 to 2025,