🔺 $XRP Price: The seven-month chart indicates a breakout or breakdown 🔻

📉 The price of Ripple has decreased by 11% over two weeks, trading near the peak of a seven-month descending triangle pattern. This pattern suggests a potential drop of 44% to reach $1.05 if the support level at $1.89 is breached with a trading volume and closing of 3 days.

📊 The pattern features equal declines at $1.89 and lower highs, forming a descending triangle pattern. The breakdown could reach $1.46-$1.40 before hitting $1.05 due to a strong order block from November 2024. Monitor these levels closely.

📈 However, the on-chain data paints a more positive picture. Daily active addresses (DAA) are seeing a sharp increase - just as they did before Ripple's price surged by 65% in March. This may indicate the potential for volatility before the Bitcoin price drops to two dollars or more.

₿ The support level of $100,000 for Bitcoin enhances the likelihood of XRP price increase. If BTC price rebounds, it may neutralize the bearish effect of the triangle and change sentiment towards altcoins.

⚖️ With the SEC's clear position regarding the delay of the Ripple lawsuit (a decision is not expected until 2026), XRP price may experience a decline amid uncertainty - a positive factor in the medium term#MarketPullback #BinanceAlphaAlert #USNationalDebt