XRP/BTC Pair Back testing the 200 Day SMA Following Golden Cross
Even with all the blood in crypto markets currently, most major alts look healthy against the BTC pair.
Altcoin dominance is still steadily climbing, and the secondary trend of the crypto market seems to be showing us alts are still the play.
Last time XRP had a golden cross that held support in 2017, we saw XRP follow up with 2600% returns on the BTC pair.
This time around, if we can achieve a similar satoshi price we could see another 1200% gain in XRP against BTC.
It will be crucial for XRP to hold the 200 Day as support, so the next few days will be important to watch.
The only outliers we have of this not playing out is XRP breakout in December of 2020 followed by the bearish SEC news, and the failed golden cross in September of 2016.
Other than that, history might not be repeating identically, but it definitely rhymes!
Stay tuned!
- CA$HLESS
Altcoin dominance is still steadily climbing, and the secondary trend of the crypto market seems to be showing us alts are still the play.
Last time XRP had a golden cross that held support in 2017, we saw XRP follow up with 2600% returns on the BTC pair.
This time around, if we can achieve a similar satoshi price we could see another 1200% gain in XRP against BTC.
It will be crucial for XRP to hold the 200 Day as support, so the next few days will be important to watch.
The only outliers we have of this not playing out is XRP breakout in December of 2020 followed by the bearish SEC news, and the failed golden cross in September of 2016.
Other than that, history might not be repeating identically, but it definitely rhymes!
Stay tuned!
- CA$HLESS