rgeddes

Missed A Short Position But It's Okay - Ripple Ready To Breakout

BITFINEX:XRPBTC   XRP / Bitcoin
XRP looks like it double bottomed and is poised to reverse against the BTC .

Since the last chart BTC has appreciated significantly which hasn't correlated well for Ripple yet. We havent been doing terrible against the USD - BTC is growing faster than Ripple at the moment.

I say at the moment because usually BTC appreciates and cash flows out of it and into the ALT coins - XRP hasn't seen the volume yet - but with the double bottom reversal, we should see a gain of 30% bringing us above 60k sats .

If you are a believer in Ripple - I hope you are taking positions at this level - we're ready for a breakout.

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