Edgy_

Ripple: One last punch?

Short
Edgy_ Updated   
Hello dear crypto friends, hope you're doing well!

In this video, we're gonna look at the relative weakness of Ripple (XRP) vs. the other major crypto names. I had previously given the analogy of XRP basically like a boxer lying inside the ropes at 30 cents & not being able to stand up any more.

So: The referee is counting again, what's it gonna be this time? Can XRP make another push, or was this the last punch already. Let's have a look! ;)

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Comment:
Hey guys, XRP/BTC on the 4H is currently descending/almost breaking at .64, but important weekly resistance/previous HL is coming in at .6 psychological => We should see some reaction from here. If not, XRP/BTC is frankly toast: up to .4 there is no significant support.

Also don't forget correlation to grandpa BTC: We're not weak at all yet: it' still a very healthy consolidation. So should Bitcoin go up, it could drag XRP/USD higher in the short-term, or at least make it neutral. => 30 psychological is gonna be the important support to break in XRP/USD.

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