
Jakarta, Pintu News ā The price of Ripple is showing strong bearish signals and has the potential to drop up to 30% in the near term, as technical pressure in the crypto and cryptocurrency markets.

Currently, XRP is trading at around $1.34 or equivalent to IDR 22,765 (exchange rate IDR 16,989). Although it looks stable, the market structure shows the dominance of sellers in recent days.
This reflects the weak bullish momentum in the crypto market. Investors tend to be cautious as there are no strong catalysts to drive prices higher.
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Technically, XRP formed a symmetrical triangle pattern on the 4-hour timeframe. This pattern is usually a consolidation phase before any major movement, either up or down.
But in this case, XRP is showing a potential downward breakdown. If this pattern is confirmed, then the direction of movement will most likely be bearish in the short term.

Analysts estimate that XRP could drop to $0.93 or around Rp15,800 if the breakdown occurs. This means there is a potential drop of about 30% from current levels.
This target is calculated based on the height of the previously formed triangle pattern. Although theoretical, this level is often used by traders as a reference in the cryptocurrency market.
The breakout or breakdown of a triangle pattern is usually followed by a spike in volatility. This happens because traders start opening large positions following the direction of price movement.
However, not all breakouts are valid so additional confirmation is required. Traders usually wait for a close or retest candle before confirming the next trend direction in the crypto market.
This condition shows that XRP is in a critical phase that can determine the short-term direction. If the support fails to hold, then the potential for a deeper correction is greater.
For you, itās important not to rely on just one technical indicator. Combining technical analysis, market sentiment, and risk management is key in dealing with the current cryptocurrency volatility.
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*Disclaimer
This content aims to enrich readersā information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetās past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.