The native token of Ripple, XRP, has been moving sideways and experiencing a price decline along with the overall cryptocurrency market. Some attribute this decline to geopolitical tensions between Ukraine and Russia. Despite the drop, XRP remains stable above the $1.35 level due to political developments and speculation about SEC Chairman Gary Gensler's resignation and ETFs. Technical analysis suggests that XRP is forming a descending triangle pattern on the four-hour timeframe, with support at $1.30. Traders anticipate a potential upside rally if the token breaks out of this pattern. If XRP breaches the descending trendline, a 42% upside rally is possible, but a breach of the $1.30 support level could lead to a 25% price drop. XRP currently maintains an uptrend above the 200 EMA on the daily timeframe, and its RSI suggests room for further upside potential. At the moment, XRP is trading near $1.34 and has experienced a 4.5% price decline in the past 24 hours, accompanied by an 18% drop in trading volume.



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