Will the Rectangle hold or fail? Plot your targets on the chart.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Market participants tracking XRP should note the latest formation. With a last close of $1.38, volatility remains active (0.97%). Algorithmically, a Bearish Flag structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $1.35, targeting $1.08 with support near $1.5 (R:R 1.77).
What is your outlook on XRP?