XRP Plunges Below $2: Bearish Trend Confirmed as Triangle Support Shatters

XRP's technical floor just collapsed—and traders are bracing for more pain.

The third-largest cryptocurrency by market cap sliced through its symmetrical triangle pattern, triggering a sell-off that dragged prices below the critical $2 threshold. This isn't a dip—it's a full-blown breakdown.

Why it matters: Triangles typically precede explosive moves. Unfortunately for bulls, this one detonated downward.

Technical outlook: The breakdown suggests a measured move target around $1.40—a 30% nosedive from current levels. Volume confirms the bearish momentum, with sellers overwhelming every attempted bounce.

Market irony: While XRP battles for survival, Wall Street's latest 'blockchain innovation' is a tokenized loyalty points system. Progress!

Bottom line: Until XRP reclaims $2.20 resistance, this remains a sell-the-rally market. Watch those stop-losses—unless you enjoy funding someone else's Lambo.