XRP Breaks Below Triangle Support Trendline: Here’s Where the Next Key Support Lies
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XRP recently broke below a pivotal triangle support trendline amid the latest pullback, bringing lower support levels into play. Cryptorphic, a pseudonymous yet prominent market analyst, first called attention to this development, pointing out that the breakdown poses a problem to bulls.
After the announcement of the conclusion of the Ripple-SEC legal battle that began in 2020, the XRP price had surged by more than 12% in response. This brought the altcoin back above the $3 level to put the bulls back in charge of the price once again. However, there has…
After falling below $3, the XRP price looks to be entering into another triangle setup that could ultimately end up in a breakout. This formation on the 4-Hour chart began back in the month of July and could be headed to a natural close in the next few weeks, especially…
The XRP price has been holding on pretty tightly to its support level above $2.2 and continues to be a major level of pushback for the bears. This has shown that buyers are beginning to make a comeback at this level amid predictions that it will be the bounce point…