PrimeXBT
Short

XRPUSD- Decision time?

BITFINEX:XRPUSD   XRP / U.S. Dollar
Price still stands at the bearish territory, moving more closer to the tip of the symmetrical triangle chart pattern.
On the daily time frame the price chart of XRPUSD has been spotted forming a chart pattern which only chance of determining the direction of breakout is only when it breaks through one of the trendline (resistance/support).
Symmetrical triangles, sometimes called coils. Price must touch one trendline at least three times and the other trendline at least twice, forming distinct valleys and peaks.Breakout downward 74% of the time. The breakdown from the support is confirm this move. More to that is the bearish hidden div . The levels to keep an eye on are as follows:
Breakout: $0.24495
Support 1-$ 0.23641
Support 2-$0.22878
Support 3-$0.21900.
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