coingape.com
XRP has produced negative closes for the past two weeks, resulting in an 11% loss. This drop brings the token closer to the apex of a seven-month descending triangle pattern, suggesting that the price is coiling up and poised for a breakout. The technical formation forecasts a 44% decline to $1, but several conditions must be met for this theoretical target to be achieved. Will XRP price crash lower or delay the breakout and bounce higher?