It seems to me that XRP has a very distinct pattern here.
I can't see that XRP is overbought due to the sizable corrections on its way up.
The pattern/trend WILL change. That's inevitable.
When? Nobody knows.
A very high percentage of XRP is owned by 8 or so key share holders.
If any of these people decide to dump their shares we may well see a blood bath...
Braking the previous high at $16,500 after the correction in style is a definite bullish sign for me.
Likely other traders will be thinking the same and I expect to see the buyers come back out to play.
Will we see a new ATH in this progression? In my opinion yes but BTC may well lack some steam now that alts have made significant progress.
As someone that wishes to minimize risk with my investments I choose to never or very rarely invest on a downtrend.
Without fail there's at least a couple of days of calm with XRP between moons.
Unless you're a skilled technical analyst I'd say invest in these periods and NOT in the downtrends.
This is because:
1. Catching the bottom of each downtrend is near...
Could go either way but it's looking rather bullish at the moment.
Dominance now down to 35.19%.
This will undoubtedly effect progress. How much? Hard to say.
Volume still looks legible at $11,000,000,000 give or take.
Ripple making big strides towards Bitcoins Market Cap.
I suspect this could lead to more struggles as the gap decreases.
A good amount of my...