XRP was down on Monday, dropping 5% over the last 24 hours to trade at $2.80. The inability to hold above $3 now puts the altcoin’s uptrend in question, at least for the near term. On the daily candle chart, XRP is playing out a classic descending triangle formation, a bearish continuation pattern marked by a downward-sloping resistance trendline and a flat, horizontal support line. A daily candlestick close below the triangle’s support trendline could trigger a fresh sell-off, with the technical target near $2.07, calculated by adding the triangle’s height to the potential breakout point at around $2.75. Such a move ... (full story)