XRP Approaches Critical Support in Symmetrical Triangle
- XRP has been on a consistent downward trend recently, reaching important support levels.
- The cryptocurrency is currently trading at $2.18, with a 3.8% increase in the past 24 hours.
- A symmetrical triangle pattern has been forming since January, indicating potential breakout or breakdown.
- The support line of this triangle has been tested three times, each time resulting in an upward bounce.
- If XRP breaks below this support level, it could face a decline to $2 due to lack of strong support beneath.
Currently trading at $2.18, XRP’s price action remains within the symmetrical triangle range after briefly dipping below its lower boundary earlier today.
Source (2.6)https://www.newsbtc.com/altcoin/xrp-on-the-edge-will-support-hold-or-unleash-a-breakdown/?rand=52377
