XRP price technical breakdown boosts chances of a 40% drop by July
Cointelegraph
Published Jun 17, 2022 12:17PM ET
Updated Jun 19, 2022 02:40PM ET
Ripple (XRP) price stares at potential losses in the coming weeks as it breaks out of a "descending triangle" pattern, with its bias skewed toward the downside.
To recap, XRP started forming the technical structure after reaching $1.98 in April 2021, its second-highest level to date. In doing so, the token trended lower inside a range defined by a falling resistance trendline and a horizontal support trendline.
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Written By: Cointelegraph
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