andypro16

Short the fakeout

Short
BITSTAMP:XRPBTC   XRP / Bitcoin
The candles after breakout in monthly chart seem to indicate it is a fakeout.
The momentum does not look great.
I am short-bias now and tend to short XRPUSDT. It is likely that XRP has a higher chance to lose the lawsuit against SEC based on the current price action.

Disclaimer

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.