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Benehiko
Dec 3, 2017 9:01 PM

XRP - Correction [Poloniex] Short

XRP / Tether USDPoloniex

Description

4 hour chart shows a massive correction.

This seems like a long downward trend, but I think since BTC is going for a hike off of the CME news (https://www.coindesk.com/cme-begin-trading-bitcoin-futures-december-18/) we can expect XRP to follow. As can be seen from the comparison between XRP and BTC, they follow the same pattern.

But for now - we can see a support at 0.241
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