The $XRP coin continues moving sideways in a narrow range to form a falling flag pattern directly below the broken support level. This behavior usually precedes a continuation wave of the downward move in case the current low is broken.
🔑 Pattern Confirmation:
A break of the $1.2778 level and a steady close below it activates the bearish pattern.
🎯 Targets:
Target 1: $1.2524
Target 2: $1.2371
Target 3: $1.2209
🚫 Invalidation:
Breaking above the upper side of the pattern and a steady close above $1.3300 negates the setup and opens the door for recovery.
🔑 Pattern Confirmation:
A break of the $1.2778 level and a steady close below it activates the bearish pattern.
🎯 Targets:
Target 1: $1.2524
Target 2: $1.2371
Target 3: $1.2209
🚫 Invalidation:
Breaking above the upper side of the pattern and a steady close above $1.3300 negates the setup and opens the door for recovery.
