I noticed that XRP has moved past a very difficult period in July. The price dropped from a high of $3.66 to $1.44 currently, representing a decline of over 60%. The overall market isn't doing much better either. But what's interesting is that during the recent sharp decline, it seems to have tested back to the trendline of the triangle pattern that broke out in July of last year.

It appears that this decline might be part of a natural pattern, especially when the price fell to $1.11 and then recovered. This looks like a successful retest, which suggests that the breakout from the triangle pattern might have enough momentum to push the price higher.

If the next move follows the extended Fibonacci levels, we might see XRP targeting $5 first, and eventually reaching $19.4 according to the long-term Fibonacci extension calculations. Some believe that the decline in July was just a correction to prepare for the next upward push.