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