#XRP

XRP has rebounded from a support level of $2.69 and has now reached the moving average, indicating that buying at lower levels remains strong.

Bears are still trying to suppress the price within the descending triangle through the downward trend line. If it breaks below $2.70 and closes, the bearish pattern will be confirmed, and selling may accelerate, with XRP potentially dropping to $2.3.

Conversely, if the closing price steadily stands above the descending trend line, it negates the bearish signal. The failure of the bearish pattern will turn into a bullish signal, and aggressive short sellers may be eager to close their positions, which could drive XRP to rebound to $3.20, with further pressure toward $3.40.