rgeddes

A Little Lower Which Is A Good Sign!

BITFINEX:XRPBTC   XRP / Bitcoin
It looks like XRP has double bottomed in convincing fashion which usually indicates a reversal.

BTC also grew at a rapid pace - so value relative to Bitcoin has suffered.

As weve seen in previous Bitcoin bull runs - they are usually accompanied by a flood of liquidity into alt coins.

Bitcoin will either slow down or Ripple will catch up. It looks like we will see a recovery in short time.

Comments

nice call
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Hope so.
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For me, the future of Alts is uncertain... Possible recovery, but possible crash. Don't know where there is more probabilities a this time, maybe more for a crash.
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Is it possible that when Bitcoin have a correction, XRP have also a correction even more pronounced as when Bitcoin correct, usually XRP do the same with more power, so with a larger percentage of loses, that would send it on the 0.3 usd ? (my english is not perfect hope you you understand...)
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rgeddes Canardator11
@Canardator11, If bitcoin dropped ripple would go up relative to it at this point.. The loss in value is relative to the gains bitcoin has shown over a short period of time. Ripple will catch up!
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@rgeddes, I hope your right. There is a change in the market the last days... Now we know that when BTC goes up alts don't go up all the time. But make you say it will catch up, and not fall as usual ?
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