XRP / TetherUS
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XRP Breakdown: Descending Triangle Signals Further Fall

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XRP Breakdown: Descending Triangle Signals Further Fall

XRP broke out of a large descending triangle pattern.
For the price to fall further, it needs to hold strong below 1.2600.

Ever since Binance was hacked, the entire crypto market has been acting strangely. If investors panic and close open positions and withdraw their funds, XRP is likely to fall further.

Downward targets I’m considering for a short-term move:

1.205
1.1650

You can find more details on the chart.
Thank you! 🍀

⚠️PS: Do your own analysis and use your own strategy to join the trade.
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