rgeddes

Ripple Best Deal n Crypto Double Bottom Reversal to 52k Sats

BITFINEX:XRPBTC   XRP / Bitcoin
XRP has been beaten around the last few weeks - in large part due to the BTC gain and subsequent selloff.

The good news is we look like we are on the bottom of the right side pattern for BTC /USD

XRP/USD is the lowest it has been in a long time. Those who invested in Ripple based on the fundamentals should still have those fundamentals and invest in the coin long term at these levels.

If you are a shorter - get ready for a bumpy ride up as BTC trues to break through all the major resitance points to 8400 again. BTC has to see about 7k in value for mining to make sense - so expect a bump back up to the 7k level which will easily bring XRP back to the 55k sat level.

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