XRP (Ripple) is probably the only crypto that is above the 50ma, relative to Bitcoin. While I don't track very many cryptos, this could be a positive sign.
One more dump should allow XRPBTC to tag its 50ma.
My guess is a multi-week rally in Bitcoin + all cryptos where XRP outperforms. Then back to grinding bear market.
Setting a limit order at $0.256 for XRP.
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Note how in USD, XRP is at a major support level and past bottom. My limit order is at the very bottom of this support range.
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Today's decline in Bitcoin was not matched by a decline in XRP. Thus, XRPBTC showed strength today, even while XRPUSD moves closer to my buy zone.
There have been some news that American Express has successfully tested Ripple for cross border payments.
I don't know what's going to happen but I maintain my buy order in the 25-26 cent zone.