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
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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.