#XRP

At the time of writing, XRP was down 0.73% in the last 24 hours to $2.29. XRP has moved in a range since hitting highs of $2.90 on Dec. 3. The RSI around the midpoint indicates a balance between supply and demand, implying the likelihood of range trading between $1.90 and $2.90 in the coming days. The recent price action has created a symmetrical triangle pattern, which is often regarded as a continuation pattern but sometimes acts as a reversal pattern. If the price rises and breaks above the triangle, the chances of a break above $2.91 increase.

A break and close below the triangle, on the other hand, may indicate that XRP has reached its short-term peak. Such a move might pull XRP to the 50-day SMA at $1.73.