After a week of very narrow range trading in XRP, we close the week with support holding and demand starting to show up. What will matter the most for XRP for the remainder of this year and into the first quarter will be how BTC
developments play out. My view is that a reflationary theme via USD devaluation will carry the flows for 1H20, and if this view gains traction in the macro community as people look ahead into 2020, we could even see it begin to spillover with momentum in major Cryptos. For now I am marginally constructive and look to buy dips and a breakout towards 0.295x.
For those leaning on the long term BTC
Thanks for keeping the support coming with likes and as usual the comments are open for your questions, charts and etc.