Ripple has been great the last week, After falling from 6100 to the low 5000s XRP has made its way back above the 61k sats line.
BTC has been moving sideways which has allowed XRP the ability to pack on the value.
It looks as though BTC will see another fresh injection of cash and will go up in price for at least the short term.
XRP will likely react by the price dropping to 57k sats before recovering and moving back toward the 61k sat mark and above.
Ripple still feels undervalued relative to the USD and compared to its competitors. A slight correction and a turnaround should have Ripple back up in the $0.50 range where it "should be".
BTC has been moving sideways which has allowed XRP the ability to pack on the value.
It looks as though BTC will see another fresh injection of cash and will go up in price for at least the short term.
XRP will likely react by the price dropping to 57k sats before recovering and moving back toward the 61k sat mark and above.
Ripple still feels undervalued relative to the USD and compared to its competitors. A slight correction and a turnaround should have Ripple back up in the $0.50 range where it "should be".
Trade closed: target reached:
Were at the 57k range as predicted - expect a rebound today.