XRPUSD VS. XRPBTC VS. BTCUSD: Is XRP finally setting up to fly?
XRPUSD has been following the trend of BTCUSD for quite some time now. For about 6 months now to be exact. It has finally broken out of its trend. It is now following XRPBTC's trend. Which is something that has not happened for 3 months.
I find this very interesting, mostly because of the fact that XRPBTC has been a falling knife for all of 2019. When analyzing XRPBTC, it seems it's very close to start an upward trend. Why would XRPUSD now follow the trend of XRPBTC? My theory is that XRPUSD is positioning itself to fly, that's why it went down to 27 cents when bitcoin still stayed in an upward trend. A drop in bitcoin would spark XRPBTC for the first time all year, as long as XRPUSD stays steady or goes up. Whales use XRPBTC pairing not XRPUSD. They have their stacks in bitcoin. Which is the likely scenario considering XRPUSD's 27 cent support, it's held for many months. Who's going to being selling their XRP at 27 cents? LOL, no one, unless they are blind to what they are investing in. It's the most impressive cryptocurrency out and has made the most real world progress (200 institutions partnered).
I think the time has come. Please share your thoughts on XRP and my analysis in the comments.
I find this very interesting, mostly because of the fact that XRPBTC has been a falling knife for all of 2019. When analyzing XRPBTC, it seems it's very close to start an upward trend. Why would XRPUSD now follow the trend of XRPBTC? My theory is that XRPUSD is positioning itself to fly, that's why it went down to 27 cents when bitcoin still stayed in an upward trend. A drop in bitcoin would spark XRPBTC for the first time all year, as long as XRPUSD stays steady or goes up. Whales use XRPBTC pairing not XRPUSD. They have their stacks in bitcoin. Which is the likely scenario considering XRPUSD's 27 cent support, it's held for many months. Who's going to being selling their XRP at 27 cents? LOL, no one, unless they are blind to what they are investing in. It's the most impressive cryptocurrency out and has made the most real world progress (200 institutions partnered).
I think the time has come. Please share your thoughts on XRP and my analysis in the comments.
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