📉 The crypto market turned sluggish in the last 24 hours, with no major price movements, including XRP.

🚀 Despite this, a long-term bullish pattern on XRP's weekly chart suggests a potential massive bull rally. Currently trading at $0.6024 with a market cap of over $33 billion, XRP is the seventh-largest crypto.

📊 AMBCrypto's analysis revealed a long-term descending channel pattern on XRP’s chart, formed since July last year. XRP recently broke above this pattern, hinting at a possible retest of 2023 highs.

📈 On-chain data from Santiment showed declining trading volume but high buying pressure as supply on exchanges dropped. The MVRV ratio decline and a 62% fear and greed index suggested a potential price correction.

📉 Most market indicators, like RSI and CMF, showed bearish trends. However, touching and retracting from the Bollinger Bands' upper limit might indicate a retest of the bullish breakout. If confirmed, XRP could start a bull rally soon.