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XRP Multi-Timeframe Breakdown: Here’s What Comes Next

  • XRP is facing weakening price action across multiple timeframes, with recent breakdowns indicating a shift in market momentum.
  • Prominent crypto analysts highlight a bearish Descending Triangle formation, suggesting a potential retracement to $1.90 if bearish momentum persists.
  • There is a possibility of a bullish breakout if XRP rebounds early from the descending channel's upper boundary, defying the current bearish structure.
  • XRP is currently in a short-term downtrend with price trading below key moving averages, while the RSI suggests a potential reversal and the MACD signals continued downside pressure.

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