ICYMI: $XRP has formed a pattern that may hint at a reversal rally XRP XRPnews XRPcommunity XRPArmy
remained in the prolonged downtrend, which had resulted in a 43% drop. Since February 2022, XRP made no efforts to break out from the bearish cycle and simply moved in the rangebound.The formation of the ascending triangle started only in April when the cryptocurrency dropped to $0.69. With the formation of the lower border of the triangle, we can now face a continuous decrease in volatility, which is one of the main signs of a forming pattern.
As for the volume profile, we are in fact seeing a gradual decrease in trading volume, which suggests the correctness and legitimacy of the pattern formation.Quite often, ascending or descending triangles appear at the end of any type of
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