Emerging Descending Triangle pattern in its final wave was identified on the XRPUSD 1 hour chart. After a strong bearish run, we find XRPUSD heading towards the upper triangle line with a possible resistance at 2.6845. If the support shows to hold, the Descending Triangle pattern suggests a rebound back towards current levels.
After testing the support line numerous times, XRPUSD is once again approaching this line. Can we expect a bearish trend to follow?
