During the recent BTC sell off XRP has fallen the least of all the top 10 cryptocurrencies. It is holding well above recent lows and it seems that demand is strong. Potential scenario here is we go for wave 5 inside of what appears to be an ascending broadening formation - short term target would be %61.8 or around 61 cents - Fib level based on the impulse from inflection point (Lower Low since ATH). XRP and Stellar yet again remain as the best looking coins and are still holding support. These coins don't rely on mining at all – this is proving their worth. XRP is still largely influenced by Bitcoin considering there are XRP/BTC pairs on all most major exchanges. However, we have seen that XRP investors have recently become more defiant and weary of the pull of Bitcoin in a more open and organised way. As stated in previous XRP idea - I remain hyper bullish on this coin.
تعليق:
Still above the key support
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