Update #XRPUSDT
XRP forms a symmetrical triangle on the daily timeframe, which typically indicates a potential continuation or reversal based on the direction of the breakout.
Recently, the price broke below the lower trendline support with a decisive bearish candle, suggesting a possible collapse of this structure.
This collapse indicates an increase in bearish momentum, and the drawn arrow indicates an expected move towards the $1.30-$1.40 area.
Traders should monitor the retest of the broken trendline, which, if rejected, may confirm the validity of the pattern and accelerate the downward movement.
Additionally, confirming trading volume will strengthen these bearish expectations.
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