At the moment XRP follows BTC down pretty much at level, however it does not follow at same rate when BTC rises. So for XRP to hit that kind of level BTC needs to skyrocket.
More likely scenario is that XRP might go down a bit more if BTC decides to go a bit further, however if BTC drops, which i think it will again, then you will see an increase in XRP to BTC.
The setup now, a couple of weeks before the swell conferance, looks like the previous April setup with a test pump followed by a month of accumulation. If you look at the XRP/BTC 4hr chart with
7,21,77,231 Moving average configured, you will also se that all lines are nicely coming together. Might break down, most likely it will break out due to previously mentioned conferance.
in USD during the last friday drop where both are levels of previously great support.
BTC = 3000$
XRP = 0.148$
davedesigns
⋅
You think it will go that low? I was under the impression that we are already at (or near) the bottom...
nedelcuclaudiu
⋅
Still falling ....
cyberholz
⋅
Haha, there you go again, after a hint of optimism. Guess we shall see!
The_Snail_King
⋅
currently looking similar to fractal from around 20 april. and everyone and their dog was posting bullish charts. then, boom. :)
Enhancement321
⋅
I gave you thumbs up, just for having the balls to post this.
captrade
⋅
3.5k double bottom imo lowest and it if it does go that low it will be brief but with swell conference coming up in in 3 weeks I am betting on 4k holding
More likely scenario is that XRP might go down a bit more if BTC decides to go a bit further, however if BTC drops, which i think it will again, then you will see an increase in XRP to BTC.
The setup now, a couple of weeks before the swell conferance, looks like the previous April setup with a test pump followed by a month of accumulation. If you look at the XRP/BTC 4hr chart with
7,21,77,231 Moving average configured, you will also se that all lines are nicely coming together. Might break down, most likely it will break out due to previously mentioned conferance.
in USD during the last friday drop where both are levels of previously great support.
BTC = 3000$
XRP = 0.148$