Emvo

Rumor or dump ahead.

BINANCE:XRPBTC   XRP / Bitcoin
Hello again at daily chart .
Actually, I decided post the XRP/ BTC . Because it seems interresting to me, due to risk/reward chances.
Past 2 months, Ripple rides downtrend reinforced by death cross, connected with delisting announcments and law troubles fundament.
So for sure, it's very risky to trade/ invest and you would never buy or sell based on my ideas.

Technically, it starting looks like a potential bottom zone, with near support and also multiple resistances.
Simmilar look at XRP/USD charts. There is in symetrical triangle broken to the upside, actually retesting for support. Beam indication is green on both. Volumes dropped, which could also mean the end of downtrend. USD daily frame is coiling, while 4h timeframe creating higher highs on BTC pair.

I will monitor by myself and wait for higher high or some of longer-term reversal bottoming patterns. Or DCA in lower levels ;- )
So I rather still staying neutral. A lot will depends on Bitcoins , as always. Be careful and patient. Always use some stop-loss.
It could take some time to know more here. That's why I extended levels. I am not a trader, or XRP fanboy.
Sincerelly, Emvo.
*This is not a financial or investment advice.

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Comment: Mentioned XRP/USD pair view on 4h timeframe.
Comment: Huge breakout above R2 : )
Trade closed: target reached
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