XRP On The Edge: Will Support Hold Or Unleash A Breakdown?

XRP has been on a consistent downward trend since the beginning of the just concluded week. A steady flow of consecutive bearish candles on the daily timeframe has pulled the price lower each day, eventually guiding it toward an important support at the time of writing. Related Reading: Bitcoin And Ethereum Face $14 Billion Options Expiry—Market Impact Ahead? As of now, XRP is pressing against the lower boundary of a symmetrical triangle, which could determine whether this dip becomes a deeper fall or the start of a rebound for the cryptocurrency. Symmetrical Triangle Support In Focus The symmetrical triangle on XRP’s daily chart is not a new pattern, but the way its price is currently interacting with its lower trendline is setting the stage for what could be a significant move source: https://www.newsbtc.com/altcoin/xrp-on-the-edge-will-support-hold-or-unleash-a-breakdown/