The cryptocurrency could reach the level in the “next couple of days,” according to independent market analyst World of Charts.
As of Jan. 12, XRP was showing signs of retreating toward the triangle’s lower trendline at around $2.37.
A decline below this wave support risks invalidating the symmetrical triangle breakout scenario, while raising the likelihood of falling toward the pattern’s lower trendline.
This downside target aligns with the 50-12H exponential moving average (50-12H EMA; the red wave) at around $2.30.
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