The graph shows that Bitcoin begins to fade in the face of the Ripple XRP; the party will begin but do not panic, because the price of BTCUSD is quite low.
Being the reference currency in the Crypto market, I think that it is very important to refer first and foremost to the altcoins prices against Bitcoin, a bit like the major currencies in the Forex...
XRPBTC PAIR MARKET OPINION
This is a follow on to our XRP to BTC price increase post. Driving factors could include positive news for XRP and negative news for BTC such as XRP widespread institutional adoption and BTC scaling issues. Overall we are bullish on XRP and BTC agains USD, however we hold a bullish bias of XRP against BTC in the long run as we believe...
Looking at BTC/XRP trading pair... bottom right quarter of screen.
XRP is currently gathering bullish momentum, while BTC is gathering bearish momentum.
Zooming out BTC is actually in a huge descending triangle against XRP.
RSI is currently at long term resistance line and appears to be turning down.
Also note, XRP/USD pair is forming a 'golden cross' 50 day/200...
This time, it is BTC against XRP on the weekly chart! I start my analysis in 2013 and I do not use Fibonacci but Pythagoras - If BTCXRP goes down, then XRP goes up!
We can see that every time XRPBTC reaches 0.707, it goes to 2.236 and goes down right after - then, XRP bullrun
How did I found 2.236?
It is the hypotenuse of a diagonal with a right triangle...
XRP's charts have been very confusing, as almost every chart in the cryptoverse. MANY alts are showing very bullish signals but BTC is definitely deciding the way to go forward for the market and currently that means we're moving sideways. James Fend has been extremely bullish on Ripple for about a month now while Ripple kept moving between channels. I, too, have...
I am kinda new to making charts, so hopefully everything goes well.
Hereby I share my idea about XRP till mid december.
Seeing the history of ripple, i dont think XRP is going to moon like XLM/MONA etc (+200% in 2 days) in a short time. I think Rippple is a longterm investmend with a good roi.