XRP / BitcoinUpdated Red or Blue for XRP BTC
I see two paths for Ripple ahead, both leading to an eventual test of the 5k sat region. XRP currently sits within a descending triangle, a pattern that is tradtionally bearish, however I have seen a number of times an altbtc descending triangle that breaks up, perhaps because it is actually a flat base. Volatility is currently at extreme lows, the squeeze oscillator is barely moving, and with a new Bitcoin bull run potentially on the horizon for the longer term, it wouldn't be surprising if XRP's support finally broke.
Note
Descending triangle broken down.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.