📉 XRP is down 11% in two weeks, trading near the apex of a 7-month descending triangle. This setup signals a potential 44% crash to $1.05 if the $1.89 support breaks with volume and a 3-day close.
📊 The pattern features equal lows at $1.89 and lower highs, forming a bearish triangle. A breakdown could hit $1.46–$1.40 before $1.05 due to a strong orderblock from Nov 2024. Watch these levels closely.
📈 However, on-chain data paints a more bullish picture. Daily Active Addresses (DAA) are spiking — just like before XRP’s 65% rally in March. This could hint at a fakeout before a push back to $2 or more.
₿ Support from Bitcoin’s $100K level adds fuel to a potential XRP bounce. If BTC rebounds, it could neutralize the triangle’s bearish impact and shift sentiment across altcoins.
⚖️ And with clarity on the SEC vs. Ripple lawsuit delays (no decision expected until 2026), XRP may see reduced uncertainty — a bullish factor in the mid-term.
📌 Summary: While the descending triangle hints at downside risk, rising activity, BTC support, and legal clarity may tilt the balance toward a bounce — not a breakdown.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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