The bulls have reacted to the important .4 previous support on XRP/BTC, which has lead to breaking several resistances also in USD. We're now at 40 cents, and could see a follow-through up to 50 cents. This completely depends on grandpa BTC's strength -who definitely needs to consolidate soon.
If that spike on XRP/BTC doesn't see any follow-through, it will fade away, just like the previous daily one-time reactions that we have seen.
Altogether it's not a reason to break up in joy now, the weakness is aparent in Ripple -this was a must hold support for the bulls. They still need to show some follow-through or the effort was for nothing.
While Bitcoin has doubled since the break of 4k, Ripple is still far away from it's September Highs of 60 & 80 with the wicks.
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