Why $XRP price decline below $3?

After SEC denied XRP ETFs , its price has fallen to $2.89 ( 10.84% decline over the past week ).

This time is opportunities for investor and they accumulating $3.8 billions worth of XRP.

Current technical indicators points to symmetrical triangle formation .

Suggest if XRP breakout $3.26 zone, it can reach up to $3.9.

Failure to breakout , it could dive to below $2.96.

Key resistance level - $3.08 and $3.14.

How do you think about XRP ; Bullish or Bearish ?

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