A rare pattern reveals the reason for the failure of the XRP price today star-news.press/wp

The XRP price declined for the third day in a row, as it approached the local bear market with the intensification of the sale of the encryption market.

Ripple (XRP) decreased and re -testing the important support level at $ 3, its lowest level in about a week. It has decreased by more than 17 % of the highest point this year.

XRP price forms a cup and equation style

The continuous XRP price is part of the formation of a cup style and rare treatment, a rare sign of continuity. This style consists of two parts.

I have already completed the formation of the cup section, which occurred between January and July 18. The bottom of the cup was at $ 1.6238, its lowest level in April.

XRP now decreases as part of the formation of the handle section. In most cases, the handle is usually an increasing or side price movement. It may take a few days or weeks to form and complete it.

The profit section is estimated in the C&H style by measuring the cup depth first, then adding the result to the cup’s head. In this case, the depth is $ 1.7625.

Adding this to the top of the cup at $ 3.3863 gives the target price at $ 5.1488, which is about 70 % higher than the current level.

Ripple has potential stimuli

XRP Price has many stimuli that may help lead the increase. The most prominent of which is that the possibilities of polymers of Spot XRP ETF approvals in 2025 jumped to more than 80 %.

There is also a Probability This Blackrock will submit a file to ETF XRP after its success with Bitcoin (BTC) and ETHEREUM (ETHFS). IBIT assets have increased to more than $ 86 billion and are now the most profitable money. Likewise, Etha, her ETHEREUM box, crossed the teacher of $ 10 billion.

The derivative -based XRP ETFS also had significant flows this year. The recently launched Ultra XRP ETF gained $ 100 million of assets within a week, while the Teucrium XXRP box has more than $ 430 million of assets.

XRP is also a major beneficiary of the recently passed genius lawand It is now organized Stablecoins in the United States. Ripple USD, Stablecoin, now accumulated more than $ 550 million in assets and is one of the fastest growing assets in this industry.

Ripple Labs also accelerated its partnerships after the end of the lawsuit. A partnership was recently held with Ctrl Alt, Dubai Land Department, Bank of New York Mellon and OpenPayd.