🔻 Descending Triangle... Or a Bullish Breakout? Daily analysis $XRP reveals the surprise!
The technical analysis on the daily timeframe shows a descending triangle pattern nearing its end.
The current price is trading around 2.96, approaching a critical support area near 2.90.
If the price breaks upward, we may witness a surge towards 3.0881 and perhaps further 🚀
📊 The rising lows within the triangle indicate weakness from the sellers, and the likelihood of a trend reversal is increasing.
🎯 If the resistance is breached, the next upward wave could be sharp and swift.
However, if support is broken, we might see a temporary drop before the breakout.
📌 Watch the price action closely in the coming hours!
Follow the daily analysis channel #CryptoEmad for more updates and real-time analyses 📈
