<ul class="news-points">
 <li><strong>An XRP analyst has predicted more bearish pressure for the crypto token.</strong></li>
 <li><strong>The analyst spotted a massive triangle breakdown on XRP’s monthly chart.</strong></li>
 <li><strong>XRP’s ultimate rebound will happen in 2026 after Ripple wins the SEC in court.</strong></li>
</ul>
<p>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 $0.42 last week.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">No one is talking about this MASSIVE <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> triangle breakdown. A weekly close below $0.42 is extremely bearish. <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> has been in a primary WAVE 2 correction (A-B-C pattern) since the 2018 peak. Currently, WAVE C is unfolding, and we are likely in WAVE 3 or 5. A sharp sell-off is… <a href="https://t.co/PzoIEtCfwB" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PzoIEtCfwB</a></p>— The_Ripple_Effect (@Ripple_Effect11) <a href="https://twitter.com/Ripple_Effect11/status/1810424130845741352?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 8, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>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.</p>
<p>The analyst acknowledged the potential impact of the ongoin…</p>
<p>The post <a href="https://coinedition.com/xrp-chart-analysis-reveals-bearish-triangle-breakdown/" rel="noopener noreferrer nofollow">XRP Chart Analysis Reveals Bearish Triangle Breakdown</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

XRP Chart Analysis Reveals Bearish Triangle Breakdown

Coin Edition

Other articles published on Jul 9, 2024

MYX Finance Releases Half Year Recap and Enhanced Roadmap for Trading Services and Incentive Camp...

Here’s What’s Happening to Huge Bitcoin Sales Now, Samson Mow Unveils

QCP Analysts Say There Are Rally Signals in Bitcoin, Explained the Event That Could Start the Rise!

Ondo (ONDO) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Agrotoken and Tanssi Collaborate to Transform South American Agro-Finance on Polkadot (9 Jul)

Guarding Your Crypto: Q2 2024’s Top Threats Revealed

Join our free newsletter for daily crypto updates!