More BAD NEWS for XRP !!

28 Mei

XRPUSDT & XRPBTC

The price has lost a long-standing trendline which acted as support, a bearish sign for the foreseeable future (until we can reclaim daily candles above):


XRPBTC is about to head for previous lows, during which time the price of XRP was 0.23c:


This further supports my suspicion that XRP may be heading back to the 0.20s, as seen here:

It is, however, important to note that each time the XRPBTC hits the bottom of a triangular consolidation, there is a small increase in the price. This could mean that we see another leg up before dropping lower:


as you can see from the chart, we are now nearly back at XRPBTC level's that lead to the previous parabolic pump. Will this time be the same? I don't think so. XRP has been showing extreme weakness. However, it never hurts as a small part of a diversified portfolio... just for incase.

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