XRP Price Analysis: Descending Triangle Breakdown Meets Target

Market watchers have followed XRP closely this week. Market pressure has pushed the asset lower, despite the recent launch of a spot XRP ETF . As a section of the market is bearish, ChartNerd (@ChartNerdTA), a well-known technical analyst, has offered a different reading of current conditions. Cointelegraph’s Warning on XRP Cointelegraph released a brief market update that presented a sharp view of potential downside. The outlet noted XRP’s 11% decline from last week. It then pointed to a descending triangle pattern and a bearish RSI divergence that could force a continued decline. These raised the risk of a deeper move toward $1.55. The report framed the situation as a firm threat to the next stage of price action. It portrayed the technical picture as fragile and suggested that momentum had weakened. $XRP : 1) The Descending Triangle breakdown has already met its target. 2) A bullish divergence is forming...

https://timestabloid.com/xrp-price-analysis-descending-triangle-breakdown-meets-target/