Crypto
XRP Price Dives Below $1.40 as Triangle Breakdown Sparks Bearish Sentiment
XRP's price fell below $1.40 after breaking down from a tightening triangle pattern. The token now trades between $1.34 and $1.37, following a rejection near $1.43 to $1.45.
The break below the symmetrical triangle calls it a shift in short-term structure with lower highs and lower lows, according to analyst XAUApex on TradingView.
A move back above $1.43 to $1.45 could weaken the bearish case, but analysts are also watching key support levels.
The first support level traders are watching is around $1.31, with Camarilla pivot data placing S1 at $1.3143.