The analysis suggests a potential bullish reversal for XRPUSD. Despite the prevailing downtrend, the current price action is forming a bullish pattern (potentially a V-shape recovery or an ascending triangle) on the 1-hour and 4-hour charts. Indicators like the RSI and MACD show some divergence, hinting at a possible bounce. The target for this potential upward movement is projected to be around $1.80-$2.08, with a failure bound below $1.30. The overall market sentiment, however, remains cautious due to high fear levels.