Looking at the chart of XRP to BTC on the 1W timeframe we see that XRP has hit yearly lows in terms of the sat value. The last time XRPBTC has seen the 1527 sat support level was December 2017, right before the start of the altcoin season. Then in the span of 28 days, XRP gained 1139% on BTC.
From there after XRP hit 16860 sats it topped out and has been falling ever since the high.
For just about 3 years, XRP has been slowly crawling back down to hit the start of the uptrend level at 1527 sats and 3 weeks ago it finally did for the first time since the highs.
1527 sats to 2842 sats is an accumulation / support range representing the absolute bottom in the market. I do not believe that the price of XRP to BTC could get lower than the start of the uptrend, otherwise it would be a failed project at that point.
From here after posting that weekly close above the 2842 sats level, I think that XRP could repeat 2017 again very easily as this time there is 1000x more news and adoption across the Network.
2021 could be a great year for cryptocurrencies, especially altcoins outperforming Bitcoin in %.
Let me know your thoughts on where the price of XRP is going to go in terms of BTC.
From there after XRP hit 16860 sats it topped out and has been falling ever since the high.
For just about 3 years, XRP has been slowly crawling back down to hit the start of the uptrend level at 1527 sats and 3 weeks ago it finally did for the first time since the highs.
1527 sats to 2842 sats is an accumulation / support range representing the absolute bottom in the market. I do not believe that the price of XRP to BTC could get lower than the start of the uptrend, otherwise it would be a failed project at that point.
From here after posting that weekly close above the 2842 sats level, I think that XRP could repeat 2017 again very easily as this time there is 1000x more news and adoption across the Network.
2021 could be a great year for cryptocurrencies, especially altcoins outperforming Bitcoin in %.
Let me know your thoughts on where the price of XRP is going to go in terms of BTC.
