$XRP
🚨XRP/USD Technical Analysis: Descending Triangle in Focus🚨
XRP price prediction seems bearish for now as on the 2-hour chart, Ripple is in a descending triangle, a pattern that often precedes breakouts. It’s hovering around horizontal support at $2.2856, with recent candlesticks (spinning tops and doji) indicating market indecision.
50-period EMA ($2.3600) and horizontal resistance at $2.3557 cap the upside.
MACD histogram is flattening, bearish momentum is slowing.
Targets: Break above $2.3600 could be $2.4098 and $2.4756.
Failure to hold $2.2856 could be $2.2440 or $2.1970. New traders should wait for a confirmed breakout above trendline resistance and EMA to be reclaimed before going long, with stops below $2.2440.