In my last post I noted that the descending triangle pattern was clear and that a downside break was very likely coming. I found a very similar pattern to compare with on the ONTBTC pair (in red). It too broke down from its descending triangle pattern back in March and ended up making a move back to the old support line before making another move down. This appears to be forming the head of a massive inverse head and shoulders pattern on ONTBTC and I am anticipating XRP to make a similar chart pattern. Targets to the downside look like 1800-2000 for XRPBTC as an excellent place to take a long position.
