XRP BTC Breakout imminent? XRP to rise 200+% against BTC?
XRPBTC PAIR MARKET OPINION
This is a follow on to our XRP to BTC price increase post. Driving factors could include positive news for XRP and negative news for BTC such as XRP widespread institutional adoption and BTC scaling issues. Overall we are bullish on XRP and BTC agains USD, however we hold a bullish bias of XRP against BTC in the long run as we believe that XRP will gain share in terms of market capitalization against BTC.
Notice that there are some interesting chart patterns forming on the RSI as well as in the price consolidations.
Please note that this is a inverse chart of BTCXRP because there is more data by using this ticker; therefore, it would be equivalent of looking at a XRPBTC chart which means that a move to the upside on this chart would be a move to the downside for BTC.
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This Content is for entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Posts constitutes a solicitation, recommendation, endorsement, or offer by MarketMotives or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
All Content on this post is speculation, opinion, and entertainment in nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. Market Motives is not a fiduciary by virtue of any person’s use of or access to this Post or Content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on this Post before making any decisions based on such information or other Content. In exchange for using the Post, you agree not to hold MarketMotives, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through this Post.
This is a follow on to our XRP to BTC price increase post. Driving factors could include positive news for XRP and negative news for BTC such as XRP widespread institutional adoption and BTC scaling issues. Overall we are bullish on XRP and BTC agains USD, however we hold a bullish bias of XRP against BTC in the long run as we believe that XRP will gain share in terms of market capitalization against BTC.
Notice that there are some interesting chart patterns forming on the RSI as well as in the price consolidations.
Please note that this is a inverse chart of BTCXRP because there is more data by using this ticker; therefore, it would be equivalent of looking at a XRPBTC chart which means that a move to the upside on this chart would be a move to the downside for BTC.
DISCLAIMER
This Content is for entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Posts constitutes a solicitation, recommendation, endorsement, or offer by MarketMotives or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
All Content on this post is speculation, opinion, and entertainment in nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. Market Motives is not a fiduciary by virtue of any person’s use of or access to this Post or Content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on this Post before making any decisions based on such information or other Content. In exchange for using the Post, you agree not to hold MarketMotives, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through this Post.