XRPUSDT 1D#XRP is moving inside a descending triangle pattern on the daily chart — a classic pattern that usually has a bearish breakout. However, it’s currently attempting to rebound from the support zone. We need to see if it can hold the support zone or not.
For the bullish scenario, it must break above the daily SMA100 and the triangle resistance. In this case, the potential targets are:
🎯 $3.0262
🎯 $3.1277
🎯 $3.2292
🎯 $3.3738
🎯 $3.5579
On the other hand, if it breaks the triangle to the downside, you can place some buy orders around the following levels:
💰 $2.6026
💰 $2.4925
💰 $2.3452
⚠️ Always remember to use a tight stop-loss and follow proper risk management.
