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#USConsumerConfidence the uncertainty

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XRP (XRP) broke and closed above the symmetrical triangle pattern on January 11, indicating that the uncertainty has been resolved in favor of the bulls.
XRP/USDT daily chart. Source: Cointelegraph/TradingView
The 20-day moving average ($2.34) has started to rise, and the RSI is in the positive zone, indicating an advantage for the bulls. If the price holds above the triangle, the XRP/USDT pair could rally to $2.73 and then to $2.91. The sellers are expected to defend the $2.91 level strongly, but if the bulls prevail, the pair could rally towards the $4.84 target.
The bears will have to pull the price back below the 20-day moving average to weaken the bullish momentum. A break below the support line will signal a deeper correction for the pair.
XRP/USDT 4-hour chart. Source: Cointelegraph/TradingView
The pair is likely to retest the breakout level of the triangle. If the price bounces off the breakout level, it will indicate that bulls are trying to turn the level into support. This increases the likelihood of a break above $2.60. The pair could then rally to $2.73.

Conversely, a break and close below the triangle could lock in the aggressive bulls. This could take the pair to $2.20 and then to the support line. The buyers are expected to fiercely defend the area between $2.20 and the support line.
$XRP

🩸🩸Attention, a large liquidity exit from cryptocurrencies. Is this a sign of the beginning of a new bear market and the end of the current bull cycle?
🩸🩸 The market cap of#cryptocurrenciesdrops below $3.4 trillion. And questions arise??
🩸🩸 CoinGecko data indicates that the total market cap of cryptocurrencies has dropped below $3.4 trillion. The total market cap is currently $3.384 trillion, representing a decrease of 3.3% over the past 24 hours.
🩸🩸 This total decrease in one day is considered significant and a concern indicator of the possibility of cryptocurrencies entering a bear market, so trading should be done with caution.

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