The XRP token, which stands for the Ripple project, is now getting close to the top of the falling triangle. Since May 22, she has been acting as a rebel. An asset's price forms a descending triangle when it reaches a series of lower highs at a support level that is relatively horizontal.
When price action breaks out above the triangle's upper line, it may indicate a possible bullish breakout. A trend reversal may be confirmed if increased trading volume occurs alongside such a breakout.
There has been a recent uptick in the daily trading volumes of XRP. There was a 30%+ increase in the past day, bringing the total to $775 million.
