I saw someone compared BTC's yearly trends and it gave me the idea to compare one of my favorite altcoins XRP's long-term trend with BTC's.
Blue line is XRP price change by percentage. It looks like in late 2017, BTC and XRP pumped and dropped following a similar pattern. With a small portfolio in XRP, I will be watching to see if it happens again.
Not an investment advice.
Blue line is XRP price change by percentage. It looks like in late 2017, BTC and XRP pumped and dropped following a similar pattern. With a small portfolio in XRP, I will be watching to see if it happens again.
Not an investment advice.
Comment:
The correlation is still relevant. From this point, I will watch BTC and make my moves in XRP accordingly. There are 1-2 days of gap between the two. BTC makes it moves, then XRP follows.