Red or Blue for XRP BTC

5 May 2020

I see two paths for Ripple ahead, both leading to an eventual test of the 5k sat region. XRP currently sits within a descending triangle, a pattern that is tradtionally bearish, however I have seen a number of times an altbtc descending triangle that breaks up, perhaps because it is actually a flat base. Volatility is currently at extreme lows, the squeeze oscillator is barely moving, and with a new Bitcoin bull run potentially on the horizon for the longer term, it wouldn't be surprising if XRP's support finally broke.

7 May 2020

Not

Descending triangle broken down.