🛑 $XRP USDT has broken the symmetrical expanding triangle downwards. 😲 It can be dumped at a big price like (-20.79%). XRP UPDATE
🔹Hello everyone. I hope everyone is well. So, an important update on XRP has been brought by SMC. So far, if we take the 1 Day chart, we can see that this is moving in a symmetrical triangle pattern. The last high we can see is $3,650. So, this kind of pattern has been entering the XRP system. So, it is not new that chart patterns work on large time frames like 1DAY. So, according to the confirmations we have on this bearish side, it is shown in a bearish market structure. XRP has been dumping continuously downwards since the last low high, forming a brake of structure or BOS. I see the support line of the pattern as the entry point for this dump. That is, the $2,780 price. Since the support line has been broken by now, it will pump normally to the support line as a preparation for a big dump. It is very risky to enter this pump on a small time frame. That is, if you enter on the bullish side, the pump will only be in the red area that I have marked. So, now is the best time to enter this dump. I think this will dump with a big gain of about -20.70%. I see the IMB below as the TP. So, have a good day everyone...