Based on the chart, XRP is currently forming a bearish reversal pattern within a rising wedge. The price is expected to break down from the upper resistance near $1.25, targeting a significant drop to $0.48 in the upcoming cycle. This aligns with the reverse-down pattern highlighted in the analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.