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Oct 23, 2021 2:19 AM

XRP Descending Triangle Pattern 

XRP / DollarBitfinex

Description

I am new to trading analysis. Moreover, this is my fifth analysis and also conservative about everything I see on the chart. I just want to know if I'm doing something wrong.

This triangle pattern along with symmetrical and ascending triangle are unpredictable, which means there could be a breakout upwards or downwards. But for this scenario, ETH and BTC are bullish. Altcoins will catch up the bull move as the following coins.

Fundamentals:
SEC has charged Ripple with unregistered securities offering. If ripple won the case, there could be a bull move to its ATH.

Be patience and hold your assets.
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