Ripple is looking very good here.
Clear wedges in both USD and BTC markets.
BTC support now at 0.00006750 and rising with 0.36% a day.
USD resistance now at 37 cents and trending downwards at 0.29% a day.
If bitcoin makes a move higher, which I anticipate, Ripple is likely to take the lead in the altcoin dance.
Ripple cannot stay in both wedges (beneath 37 cents and above 6750 sats) if bitcoin rises higher than 5481 USD (= 0.37/0.0000675).
This maximum bitcoin value required for ripple to stay in both wedges is declining with 0.65% each day (about 40 dollars).
I deem it more likely that Ripple will break USD resistance in a crypto bull market than that it would crash in BTC terms.
After all we have already seen big moves in Bitcoin Cash, Litecoin and Ethereum Classic this past week, whilst Ripple has stayed awfully quiet.
Clear wedges in both USD and BTC markets.
BTC support now at 0.00006750 and rising with 0.36% a day.
USD resistance now at 37 cents and trending downwards at 0.29% a day.
If bitcoin makes a move higher, which I anticipate, Ripple is likely to take the lead in the altcoin dance.
Ripple cannot stay in both wedges (beneath 37 cents and above 6750 sats) if bitcoin rises higher than 5481 USD (= 0.37/0.0000675).
This maximum bitcoin value required for ripple to stay in both wedges is declining with 0.65% each day (about 40 dollars).
I deem it more likely that Ripple will break USD resistance in a crypto bull market than that it would crash in BTC terms.
After all we have already seen big moves in Bitcoin Cash, Litecoin and Ethereum Classic this past week, whilst Ripple has stayed awfully quiet.
