Missed A Short Position But It's Okay - Ripple Ready To Breakout
XRP looks like it double bottomed and is poised to reverse against the BTC.
Since the last chart BTC has appreciated significantly which hasn't correlated well for Ripple yet. We havent been doing terrible against the USD - BTC is growing faster than Ripple at the moment.
I say at the moment because usually BTC appreciates and cash flows out of it and into the ALT coins - XRP hasn't seen the volume yet - but with the double bottom reversal, we should see a gain of 30% bringing us above 60k sats.
If you are a believer in Ripple - I hope you are taking positions at this level - we're ready for a breakout.
Since the last chart BTC has appreciated significantly which hasn't correlated well for Ripple yet. We havent been doing terrible against the USD - BTC is growing faster than Ripple at the moment.
I say at the moment because usually BTC appreciates and cash flows out of it and into the ALT coins - XRP hasn't seen the volume yet - but with the double bottom reversal, we should see a gain of 30% bringing us above 60k sats.
If you are a believer in Ripple - I hope you are taking positions at this level - we're ready for a breakout.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.