$XRP Breaks Below Descending Triangle, Analyst Highlights Why $9-$13 Is Still in Play. #Ripple
XRP underwent 14 months of accumulation, after which it broke below a descending triangle, as the market expected.
EGRAG argues that the triangle breakdown was an effort to sweep downside liquidity, not a trend failure.
XRP remains within the Bifrost Bridge, a multi-year ascending channel that has guided its price action since 2014.
As long as the Bifrost Bridge remains relevant, XRP’s upward targets of $9 to $13 remain in play.
XRP
1.4512
+0.42%