@gusccbb, I have tested the correlation between BTC and XRP, using the daily data from Aug, 2014 to Jan, 2018, and found the correlation coefficient is 0.2. That means it has a very small positive correlationship in a daily timeframe. But I deem in the long time frame, it should have more correlationship
@cd_kagaya, Hi, thanks for your response. I'm not a technician but I notice that in the last two weeks the top five alcoins have moved to the rhythm of BTC and the graphics look very similar, so I presume that until the BTC fate is defined, towards 8.5K or towards 13.5K the other currencies are not going to define a trend either. In case of XRP I am maintaining and waiting to see if in the next week it defines its destiny. How do you see the evolution of XRP?
@gusccbb, If BTC drops thourgh 10K and goes towards 8.5, it wll be a doom for the crypto, in this atmosphere, XRP might drop across the last time 0.85 again, now it's still in the big triangle and the break of small triangle almost failed, it turns back to the break point, showing the selling pressure. We'd better wait for BTC's destiny clear.
@gusccbb, i guess bitcoin is goind down .. but people won t just leave cryptos.. they are going to move their money to altcoins. Xrp seems to be ready to receive them. will see. Timing is so perfect. seems like it s a monster manipulation to get xrp 1st place on cryptomarketcap. 26th jan is coming for btc. xrp got 2 days to conveice people. then Q4 tesults will be released and i guess our friends from coinbase by the 30th Jan... well.. i won t say anything for now...