BTC has been moving all over the place over the last few days.
Ripple did the opposite of Bitcoin for the most part - but has still kept a respectable value versus the USD. Ripple is undervalued in USD as well relative to BTC - we should see a migration of capital soon.
XRP has not been spectacular on its own - even though recent newsreleases has been positive. XRP needs to begin outgrowing Bitcoin or this cycle will continue.
Bitcoin going down would make XRP rise against it without the need for more XRP demand. BIT will likely make its way down to 7800 before bouncing back up - this should provide XRP with a spike in price - and more interest in trading.
We should see 57k sats soon and possibly the mod 60k sats by the end of the week.
Ripple did the opposite of Bitcoin for the most part - but has still kept a respectable value versus the USD. Ripple is undervalued in USD as well relative to BTC - we should see a migration of capital soon.
XRP has not been spectacular on its own - even though recent newsreleases has been positive. XRP needs to begin outgrowing Bitcoin or this cycle will continue.
Bitcoin going down would make XRP rise against it without the need for more XRP demand. BIT will likely make its way down to 7800 before bouncing back up - this should provide XRP with a spike in price - and more interest in trading.
We should see 57k sats soon and possibly the mod 60k sats by the end of the week.