Just a quick update.
Right now XRP's beta against the market is .5744. The beta gives us its position relative to the market (0 being no correlation; 1 being exact correlation). With XRP's beta so low, we can tell that it is the currency currently leading the Cryptosphere through the bounce.
Whether this is new excitement or a hopeful beginning, we...
As you can see by the blue arrows, the classic Bollinger Band squeeze. The BB squeeze tells us volatility is very low and the price is pushing itself to a tipping point. Usually the move is in predominant trend within the last week. Since we had a bullish break we can assume the squeeze is telling us XRP is about to move up.
Supporting this, we have the Parabolic...
We have a pattern that indicates bitcoin bounces from the bottom BB and retraces a positive regression before continuing its swing. With the bands squeezing up (indicating lower volatility we could see an end to the down trend.