After the price movements of Ripple ( formed a double top pattern at the level of $3.66, its price forecasts currently signal a danger threatening the bull run cycle as momentum fades.

With its price movements forming a double top pattern at the highest recorded levels of $3.66, the price expectations for Ripple coin )Ripple-XRP( in the foreseeable future have turned bearish, raising doubts about its future trajectory and calling the overall bullish trend into question; while the generally positive sentiment led investments to shift towards alternative coins, momentum began to fade, and the altcoin season index reading sharply declined from 59 to 43.

The Altcoin Season Index, source: Coinglass. After the approval of the GENIUS Act and the expectation of the CLARITY Act being passed later in December/October, the launch incentives have currently extended beyond the "Crypto Week" ), paving the way for the continuation of the bullish trend.

Without decisive action, institutional demand will remain limited while awaiting regulatory clarity, which is a key obstacle to the price launch of Ripple (Ripple) due to the ongoing legal dispute regarding its classification with the U.S. Securities and Exchange Commission (SEC).