BITFINEX:XRPUSD   Ripple / Dollar
XRP - Symmetrical triangles can be bearish in a downtrend. This looks like it will break. On its way to 70 cent area breaking previous lows made in mid Jan.
I tend to agree also....If this happens will it ever bounce back so we do not end up with 0 equity? What r your thoughts ? If so, at what possible price
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ryanmellor03 krisso9876
@krisso9876, good question - ripple needs a lot of time to rebuild and base - there is too much negative bias regarding the adoption of XRP at the moment, for it capitulate and bounce back. I think it will base somewhere 70 to 40 cents (certainly below a dollar) - just like it did last year between 15 and 40 cents. it needs months of basing - then positive news should propel XRP higher if this ever happens!!
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