Ripples Time to Shine?
Greetings and Salutations Traders!
As seen below, Ripple has been in quite the consolidation for some time and consistently bouncing off the $.57 mark on multiple occasions - leaving us to believe that we will begin to see a breakout of some sort very soon, as price approaches the end of the descending triangle.
The pattern indicates that price will continue to go down (descending triangle), however it has known to be wrong and I personally don't count it amongst my favorites when trying to choose price bias. I will be waiting to see a massive breakout candle on either side before making an entry towards a bullish or bearish bias, and that time may be sooner than we think.
