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#XRP has now broken down below the lower trendline support of the ascending triangle, which is not a good sign for bulls.
The recent breakout attempt failed, and price is starting to lose momentum after rejection from the major resistance area.
As long as XRP stays below this broken support trendline, downside pressure may continue toward the next key horizontal support around $1.21.
A reclaim back above the trendline would be needed to invalidate the bearish setup.
ripple:native