Here is my take on the current position of XRP/BTC:
Ripple has had good news and its only going to get better news in the near coming future. People are well aware of this. A sharp breakout out of the green line indicates this coin is not slowing down after reaching massive new highs. Volume is very high and will remain that way for days to come. Bitcoin will follow soon after, slowing down the pair. We are now at a healthy pullback. I would expect the green line to be tested twice and broken through on the second test. From here we will be in a periodic accumilation zone. Testing of the red would be prossible but not probable. Look for entry here if the green line is weakly broken (up to -250 sats = 7250). Presuming the red line holds for a short period of time 8-12 hrs. Buyers will push the next wave upward. potentially into new highs, stay updated.
Ripple has had good news and its only going to get better news in the near coming future. People are well aware of this. A sharp breakout out of the green line indicates this coin is not slowing down after reaching massive new highs. Volume is very high and will remain that way for days to come. Bitcoin will follow soon after, slowing down the pair. We are now at a healthy pullback. I would expect the green line to be tested twice and broken through on the second test. From here we will be in a periodic accumilation zone. Testing of the red would be prossible but not probable. Look for entry here if the green line is weakly broken (up to -250 sats = 7250). Presuming the red line holds for a short period of time 8-12 hrs. Buyers will push the next wave upward. potentially into new highs, stay updated.
Comment:
bingo. hope yals made the trade. free money