So, a pattern should produce a breakdown, but so should the triangle, since triangles are continuation patterns and this is a downtrend. Despite all of that, I personally think that we are more likely to see a breakout to the upside. I think there is a high probability that Bitcoin has bottomed, and because of that, I think there is a low probability that XRP will continue to fall. An upside breakout is also likely because of a significant reduction in sell-side momentum. We can see that on the , which has printed a (in green.) So, I expect to see a breakout to the upside, but I won't trade that setup until it actually materializes. With that said, a breakout above the blue triangle would cause XRP to rally into the 200 (in purple,) which is about 25% higher.
I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***