ETH and XRP have very different value propositions and use cases, nevertheless together they represent, at the moment, a bit less than 20% of the Total Market Cap.
If we merge their Market Cap we can see they already broke out from a descending wedge and this Top2 is now fighting for another breakout from an ascending triangle. Anyone monitoring the cryptocurrency market for the last 6 months knows that XRP and ETH are lagging more than other mid-caps, like LTC or EOS but probably not for much longer. We definitely need to keep watching this two…
Especially because in the last 480 days their Market Dominance formed a symmetrical triangle and a breakout or breakdown may happen in the coming days/weeks.
If we merge their Market Cap we can see they already broke out from a descending wedge and this Top2 is now fighting for another breakout from an ascending triangle. Anyone monitoring the cryptocurrency market for the last 6 months knows that XRP and ETH are lagging more than other mid-caps, like LTC or EOS but probably not for much longer. We definitely need to keep watching this two…
Especially because in the last 480 days their Market Dominance formed a symmetrical triangle and a breakout or breakdown may happen in the coming days/weeks.
Comment:
Top2 Market Dominance is looking better for a breakout but it needs to keep pushing higher...
