farzinsabbagh

XRP descending triangle

Short
BITSTAMP:XRPBTC   XRP / Bitcoin
xrp was the worst investment in the last 2 years and i'm affraid this is going to continue because there is a big chance for bitcoin to surge really higher duo to halving and massive quantitative easing. with this triangle that is been plotted by xrp on XRPBTC chart it is likely that xrp will eventually break this level of support to the target of 1000 satoshies. but may be it is not going to, or the USD value of the coin will be around 20 cents and bitcoin will fly to moon causing XRPBTC pair to collapse. either way if XRPBTC breaks 2377 sats level it is better to move investments that are in XRP to Bitcoin. i believe XRP will moon eventually but after bitcoin, this cycle is likely will take more time than expected.
in conclusion i suggest to watch this level. some aggressive trader may like to risk some 5% of their capital to buy right now and put a stop loss below the support. anyhow it is obvious that XRP will not move in this region it should break this level to the up or down. between, is undecided.
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