While nothing is certain in a market, XRP is certainly a laggard. It goes up very slowly in a massively bullish market, and when Bitcoin gets a small correction it crashes like a champ. Some may say that a couple of good news are coming, but that's only good opportunity to sell XRP to the next unlucky guy.
Technically, we can see that XRP has a cyclical thing developing here within a large symmetrical triangle. The market sentiment, the technical indicators, and the patterns all suggest a break down by the end of year.
Watch Bitcoin price very closely. If it start falling, get out immediately. This coin is mostly abandoned by its developer. It's like stock in a company that doesn't pay dividends.
Technically, we can see that XRP has a cyclical thing developing here within a large symmetrical triangle. The market sentiment, the technical indicators, and the patterns all suggest a break down by the end of year.
Watch Bitcoin price very closely. If it start falling, get out immediately. This coin is mostly abandoned by its developer. It's like stock in a company that doesn't pay dividends.
Comment:
just a correction: I think the upper resistance line should be drawn slightly different if we discount the jump in May. Therefore, we get a huge rising wedge that's more clearly bearish.
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