XRP: Short-Term Ascending Triangle Broken

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XRP: Short-Term Ascending Triangle BrokenXRP / TetherUSBINANCE:XRPUSDTAnhbaCong_XRP: Short-Term Ascending Triangle Broken – Dual Strategic Short Setups Around $1.00 Support Floor XRP continues to unfold in exact alignment with our prior technical outlook as escalating sell orders cleanly sliced through the lower trendline of its short-term ascending triangle. However, this downward expansion temporarily paused, triggering a mild technical bounce directly ahead of the $1.00–$1.05 psychological round-number support floor. This reaction reflects localized dip-buying demand attempting to absorb immediate selling pressure. Based on the visual data from the daily chart , the price action remains fully suppressed beneath the dynamic MA100 trendline resistance, confirming that bears maintain absolute macro control. The deceleration near the $1.00 handle renders chasing FOMO Short entries right here structurally sub-optimal from a risk perspective. This cooling-off phase is necessary to coil downward momentum for the next expansion leg. Consequently, the safest trading strategy right now is to remain patient and await one of two tactical execution setups: Scenario 1: Wait for a confirmed daily candle close decisively breaking below the $1.00 psychological support baseline to enter a trend-following Short position. Scenario 2: Await a technical relief pullback retesting the newly broken triangle support boundary, executing a high-edge Short position with a tightly optimized stop-loss. Disclaimer: This is not financial advice, DYOR.