Analysts believe that XRP's recent pullback from the high of around $2.41 in early 2026 is part of a larger bullish consolidation pattern, similar to its movement before the significant rally that began in late 2024. Although the price has retreated over 13% to around $2.10, technical formations indicate that the correction phase may be nearing its end rather than signaling an imminent collapse. Traders are closely watching whether this range-bound oscillation will end like previous cycles, which could pave the way for a substantial rally in XRP.