We're not going to post a bunch of lofty charts for this one. This is the moment of truth for XRP. Either it goes crazy and jumps through the roof, or it drops through this super long-term support point and the losses are massive.
Agreed, I see a similar scenario. However, I am not really pessimistic if XRPBTC breaks to the downside. Longterm it will skyrocket, at the latest when BTC is at the endphase of the ATH, around 2021 maybe. Then we'll see XRPBTC skyrocket at the latest imho:
Damians
⋅
I regret taking this trade. Went long with 5% and got recked
lemonsandshade
⋅
If it dumps for a while it will need to eventually retest that 11000 sat level IMO based on the correction pattern that is forming. Very possible it could retest that level, dump, then really pump later. Best guess that would happen after bitcoin retests 3 to 2k region.