What you see is the price movement for XRPUSD (orange) and BTCUSD (blue). If you pay attention to the "Green" lines, they are almost identical (same length, same time, and same angel) and then the n we see the "Red" lines which are again almost identical (same length, same time, and same angel).
Also most importantly, if you now pay attention to the recent price movements of XRP and BTC with the "Yellow" lines, the lines are not identical anymore. They are much more different in terms of angel and length. XRP seems to be in consolidation phase?
Leave a comment, what are your analysis and thoughts given the above?
Very nice graph and well presented!
For me, that's inexplicable. Unfortunately, I'm very strong invested in XRP for a few months and very less in BTC, so my joy in the last 2 months was not very great. And now I am even in loss.
What will the future bring?
BTC makes a new ATH in 3 months and XRP goes from 0.29 to 0.31 ... OMG - how long will the consolidation phase go? 1 year, 2 years ... please do not!
@habibmoghaddas73, Yes, I already watched at it for weeks and since 2-3 days - especially today - it is finally a ray of hope. Maybe today is the day when XRP decouples from BTC and acts a bit independently. In the last few weeks, when BTC has risen, XRP has been watching admiringly. But if BTC drops, XRP will fall as well. And even worse are the other big ALTS, which fall even more and stronger and have barely risen (except ETH and LTC). But e.g. NEO ... barely risen, but strong falling ... horrible