<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

Andere artikelen gepubliceerd op 9 jul 2024

Goldsky Integrates IOTA EVM

MetaMask Introduces Delegation Toolkit to Make Web3 More Accessible

Notcoin Skyrockets 87% in Days! Is This Just the Beginning?

Key Bitcoin price metric drops to a 2-week low — Is the BTC bull market over?

Hypernative To Secure Stacks Ecosystem With Advanced Real-Time Threat Detection

Altcoin Season Delayed? These Altcoins Will Rise and Fund Your Dream Life

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!