XRP Price Action at Crossroads as Triangle Breakdown and Bull Flag Clash

XRP's price action is approaching a critical juncture as it consolidates near $1.29 on September 16, after slipping below the lower trendline of a symmetrical triangle that had formed between $1.33-$1.35.

The pattern developed as XRP consolidated between descending resistance and rising support following its sharp August rally.

A decisive daily close beneath the $1.25-$1.28 area would strengthen the bearish setup, increasing the probability of XRP extending its decline toward $1.10, roughly 14% below current prices.

Zooming out slightly, XRP's price action since August can also resemble a bull flag, a bullish continuation pattern that typically develops after a sharp advance.