XRP price technical breakdown boosts chances of a 40% drop by July

2022.06.17 21:11

XRP price technical breakdown boosts chances of a 40% drop by July

Ripple (XRP) price stares at potential losses in the coming weeks as it breaks out of a “descending triangle” pattern, with its bias skewed toward the downside.

To recap, XRP started forming the technical structure after reaching $1.98 in April 2021, its second-highest level to date. In doing so, the token trended lower inside a range defined by a falling resistance trendline and a horizontal support trendline.

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