Hi friends! Welcome to this update analysis on Ripple! Looking at the four hour chart, we can see that the symmetrical triangle has broken to the downside, as expected. If you recall from yesterday's post, I said "we can see that XRP has created a new symmetrical triangle formation. Previously, there was a smaller triangle...which broke to the upside, only to form a new, larger triangle. This price action is identical to what we are seeing in many of the other cryptos, and it suggests that a downside continuation is highly probable." During yesterday's post, XRP was trading at 1.288. Today, it hit a low of 1.023 — a 21% decline! Let that sink in for a minute. 21% in less than 24 hours can put some serious change in the bank. Some people were quick to bash my analysis, like they always are. I wonder if those people are puttin' their money where their mouth is. I sure hope so, because I'm on the other side of that trade with the bears, emptying their pockets to the lint.
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