According to this bearish descending triangle xrp has shown us for a while that it's destined to fall from a cliff in bitcoin valuation, and now i see that the price has actually broke down through that support recently! if the price comes back up to retest that line and actually rolls over at that spot and starts falling back down again then that might be the best short position to take ever in the history of crypto (might be, so set a SL), as we could have a chance to make easy long term profit from sitting and watching the ultimate shitcoin crash and burn all the way down to a small fraction of its current bitcoin valuation.
It has always made sense in terms of fundamentals that the current altcoin holocaust is just the time for a horrible coin like XRP to get flushed away and dethroned from it's position as a market leader, now we see what could be the beginning of that in the actual price action.
until the price breaks that line to the upside I will be super duper short on XRP\BTC.
What is your opinion? do you agree with this outlook? are you hodling bags of xrp and are terrified right now? let us know in the comments down below
It has always made sense in terms of fundamentals that the current altcoin holocaust is just the time for a horrible coin like XRP to get flushed away and dethroned from it's position as a market leader, now we see what could be the beginning of that in the actual price action.
until the price breaks that line to the upside I will be super duper short on XRP\BTC.
What is your opinion? do you agree with this outlook? are you hodling bags of xrp and are terrified right now? let us know in the comments down below