Possible massive bear movement incoming in Feb on XRP/USD pair.

Short

XRP (BITFINEX:XRPUSD)

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BITFINEX:XRPUSD XRP

Hi everyone, beware of possible massive price movement incoming in Feb on XRP/USD pair. Classic H&S on 1d XRP/BTC pair and inverted H&S + very strong Gann Fan resistance on 3d XRP/USD pair. If lower red lines are crossed then massive bearish movement is expected.

Commentaire:

XRP/USD did not play out as expected (mainly because XRP is correlated to BTC which went up from 3k to 13k).
XRP/BTC on the other hand did crash hard once it passed key levels.
As of today the XRP/BTC pair has a correlation ratio of 0.8 and looking at the corresponding chart it seems like it could de-correlate any time soon back down to zero. I would trade XRP with cautious.

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