As BTC has corrected it pulled the rest of the market with it, as expected of course. BTC dominance is still mostly the same which indicates that the at season is still to come. XRP has hold $0.50 coming down as low as 0.55. Not all of the alts has held summer lows, but that does not mean tha they are not in a bull run. XRP did hold summer lows however and that is what s most important here.
I expect btc to still re-test its lows so i have to have same expectations for XRP. Alts likely will not go anywhere before BTC starts to go into a retracement. Expect all this to start somewhere next week or so. We still have to work those lows a bit but after that XRP should explode with the rest of the alts that are THAT undervalued. We've been coiling up sooo long with the price that having expectation for the parabolic rise very soon is not an over exaggeration.
I am not a financial advisor so non of this should be taken as a financial advice.
XRPUSDT
I expect btc to still re-test its lows so i have to have same expectations for XRP. Alts likely will not go anywhere before BTC starts to go into a retracement. Expect all this to start somewhere next week or so. We still have to work those lows a bit but after that XRP should explode with the rest of the alts that are THAT undervalued. We've been coiling up sooo long with the price that having expectation for the parabolic rise very soon is not an over exaggeration.
I am not a financial advisor so non of this should be taken as a financial advice.
XRPUSDT
Comment:
BTC dominance has also risen a bit as btc was finishing capitulation. This is what we've been expecting. This is now done and we should see dominance fall very soon
