XRP

XRP/BTC chart looks quite interesting

XRP has been falling since early January of 2018 and now we see that in the result of this 2-year price action a HUGE Falling Wedge was formed and we are already in the apex of it. Generally, this is a bullish pattern and in case of a breakout, the aggressive target will be ~2x, however, if you are an XRP bull, you would probably want to see that MA29 (which is MA200 on the daily) be broken first. Until then this thing doesn't look good at all.
We are revisiting the support once again and this fact is not bullish. Should we take out the September low and here we go - next support is 40% below.

Recently in our Telegram channel we asked our subscribers for their opinion on XRP: 58% of those who voted are convinced that XRP is a shitcoin (outright scam) and 42% think that it’s a blue chip (great investment). Let’s discuss this matter in the comments. Tell us what you think about XRP: is it a shitcoin (outright scam) or a blue chip (great investment)? And why do you think so?



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The information given is never financial advice. Always do your own research.