XRPUSDT to break support or bounce?

XRPUSDT has continued to respect a rising trendline of support that established itself since the extreme drop to 0.6000 on December 4th,

Price broke up and away from it's descending channel on Dec 18th, only to drop back down with relative ease to retest this new support line.
So far the support has held with 2 new bouncing away from this zone, but with a triangle now forming we are set to see a volatile breakout in one direction or another.
If price breaks through the support line we'll be looking at a drop to below 0.78 to find the next level of potential support.

Comment:

Price travelled continued to consolidate into the triangle and a little further - there is always a little wiggle room with how we draw our triangles and ours was a little short, but as expected price consolidated into the peak of the triangle before seeing a volatile breakout move. We never try to pick a direction on these types of plays - we looks for consolidation to predict a breakout and let the market be our guide, following the direction of the breakout.