XRPUSD - Key Support Confirmation

XRPUSD is currently forming a Descending Triangle, a continuation pattern that typically signals bearish momentum. The critical support level at $2.00 serves as a decisive point for price action.

1. A successful defense of this level could trigger a short-term bullish reversal, with the immediate target aligning with the triangle resistance at $2.56.
   
2. However, a confirmed breakdown below $2.00 would validate an AB=CD bearish continuation pattern, potentially extending the downtrend toward the major support at $0.64.
   

Traders should monitor price action around the $2.00 level, as its reaction will determine the next directional bias.