XRPUSD - R.I.P. or RIpple?

BITFINEX:XRPUSD   Ripple / U.S. Dollar
It seems Ripple has found itself in an interesting predicament. Is it going to crash or is it just suffering a strong pullback to prepare for continuation?
A lot of emotion can flow if the triangle breaks either upward or downward.
First significant levels to me at 1.307 and 1.205 - these would be my targets if I were on either side of the trade.
For now we just wait and see how this plays out.
Anyone can comment on what they think could happen.
Trade closed: target reached: That happened very quickly; much faster than I expected.
It seems a lot of longs got trapped or the downward pressure is very strong.
Let's see if it bottoms at here around 1.205.
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