🔥 XRP Potential Bounce Incoming: 1-Year Pennant

XRP is rapidly closing in on a massive pennant support area. The price has followed this pattern for almost a year now, so I'm expecting strong support to be found around the yellow area.

In case of a drop through the support, I think we're going to face some more downside, potentially targeting the $0.80 area.

If I had to bet on one side, I'd bet on a bullish reversal from this area. We were due a drop, but I'm still bullish on the market as a whole. Keep a close eye on this support.

Happy trading!