XRPUSDT — Descending Triangle Key Zone: Breakout or Breakdown?

📊 Overview
XRPUSDT is currently trading inside a descending triangle formation after its strong rally in July. Price action shows consistent lower highs pressing downward while the support zone at 2.70 – 2.95 (major demand area) is still holding.

This setup is now at a critical decision point: Will the bulls defend the demand zone and push XRP back toward the major resistance at 3.55–3.66, or will bears take control and trigger a deeper correction toward 2.30?

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🔥 Pattern Explanation

Descending Triangle: Downtrend line connecting lower highs with a flat horizontal base at demand support.

Supply & Demand: The 2.70–2.95 area was a major resistance in the past, now flipped into demand.

Psychological level: The 3.00 mark acts as a psychological pivot zone where reactions often accelerate.

Timing: The triangle’s apex points toward late September – October, meaning volatility is likely to explode before then.

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✅ Bullish Scenario (Breakout)

1. Trigger: Daily close above the descending trendline and reclaiming 3.29.


2. Strong confirmation: Break and hold above 3.55, opening the path toward 3.66.


3. Measured move target: Triangle height (~0.60–0.75) projects upside to 3.90 – 4.00.


4. Extended target: If volume expands during breakout, rally could extend to 4.10–4.20.

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⚠️ Bearish Scenario (Breakdown)

1. Trigger: Daily close below 2.90, breaking the demand zone.


2. Immediate targets: 2.60 and then 2.40 as historical supports.


3. Measured move target: Full breakdown projects downside toward 2.30 – 2.15.


4. Invalidation: Price reclaiming 3.10–3.29 after a breakdown.

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📌 Key Levels to Watch

Supports: 2.95 – 2.70, 2.60, 2.40.

Resistances: 3.29, 3.55, 3.66, 3.90, 4.10.

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📈 Conclusion
XRPUSDT is consolidating at a make-or-break level inside a descending triangle. As long as 2.70–2.95 holds, bulls have a chance to push price back toward 3.55–3.66 and potentially higher. But if this demand zone gives way, a sharp correction toward 2.30 could follow.

⚡ This descending triangle could act as the catalyst for XRP’s next big move in the coming quarter. Wait for a daily close confirmation to reduce the risk of fakeouts.

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