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XRP slump of more than 70 percent revives rebound pattern debate

XRP has fallen more than 70 percent from its peak, prompting some market participants to revisit chart patterns seen before a late-2024 surge and the 2020 selloff after a U.S. SEC lawsuit against Ripple. Crypto commentator BlackSea pointed to a falling wedge pattern, while Digital Outlook compared the move to 2020, when XRP later rebounded sharply. Others cautioned that past patterns do not guarantee future results amid different market conditions.