The post Will Support Hold Or Unleash A Breakdown? appeared on BitcoinEthereumNews.com.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP has been on a consistent downward trend since the beginning of the just concluded week. A steady flow of consecutive bearish candles on the daily timeframe has pulled the price lower each day, eventually guiding it toward an important support at the time of writing.  Related Reading As of now, XRP is pressing against the lower boundary of a symmetrical triangle, which could determine whether this dip becomes a deeper fall or the start of a rebound for the cryptocurrency. Symmetrical Triangle Support In Focus The symmetrical triangle on XRP’s daily chart is not a new pattern, but the way its price is currently interacting with its lower trendline is setting the stage for what could be a significant move. This interesting phenomenon was noted by a crypto analyst on the TradingView platform, who highlighted this technical zone as a critical decision point for XRP.  As shown in the chart below, the symmetrical triangle has been forming gradually since January, with the price oscillating between a sequence of lower highs and higher lows. This has led to a tightening range that hints at an impending breakout or breakdown. The pattern’s base support line has been tested on three separate occasions over the past couple of months, each time resulting in a bounce upward.  However, the persistence of retests also means the current retest might be broken easily. Where Can XRP Go From Here? If XRP manages to hold…

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Filed under: News - @ March 30, 2025 11:16 am