XRPBTC chart shows that there will be a drop of 13% in the price of the Ripple in Bitcoins to reach critical support.
To make things worse for my Ripple friends, this drop can reach even +51%; if the support is broken.
This means that if both cryptos drop, Ripple will drop faster than BTC (which was the case last week).
It also means that BTC can rise faster than Ripple for a while until it rebounds.
This is the prognosis for the next few days/weeks but this can change dramatically at any point in time if Ripple storms up again.
For the moment, the chart demands this: Buy more BTC than Ripple for the next period. Or buy some BTC and sell some Ripple to hedge your positions.
I know that some of you are big Ripple fans and you guys hate me saying Ripple isn't going to 50 dollars this years, or even 2 dollars. It might happen next years boys and girls.
To make things worse for my Ripple friends, this drop can reach even +51%; if the support is broken.
This means that if both cryptos drop, Ripple will drop faster than BTC (which was the case last week).
It also means that BTC can rise faster than Ripple for a while until it rebounds.
This is the prognosis for the next few days/weeks but this can change dramatically at any point in time if Ripple storms up again.
For the moment, the chart demands this: Buy more BTC than Ripple for the next period. Or buy some BTC and sell some Ripple to hedge your positions.
I know that some of you are big Ripple fans and you guys hate me saying Ripple isn't going to 50 dollars this years, or even 2 dollars. It might happen next years boys and girls.
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