XRP Chart Analysis Reveals Bearish Triangle Breakdown
Jul 9, 2024
1 min read
by CoinEdition

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- An XRP analyst has predicted more bearish pressure for the crypto token.
- The analyst spotted a massive triangle breakdown on XRP’s monthly chart.
- XRP’s ultimate rebound will happen in 2026 after Ripple wins the SEC in court.
An XRP analyst on X (formerly Twitter) has predicted more bearish pressure for the cryptocurrency before the Ripple vs. SEC case concludes in 2026. The analyst identified a significant triangle breakdown on XRP’s monthly chart after the altcoin closed below $0.42 last week.
According to the analyst, XRP has been in a primary WAVE 2 correction in an A-B-C pattern since its 2018 peak. They believe a WAVE C is unfolding, and the price is likely in WAVE 3 or 5, suggesting a sharp sell-off based on their chart analysis.
The analyst acknowledged the potential impact of the ongoin…
The post XRP Chart Analysis Reveals Bearish Triangle Breakdown appeared first on Coin Edition.
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