Ripple Daily Dose 3/14/19

2019년 3월 15일

XRP is quite different than any of the other cryptocurrencies. The sentiment for XRP is bearish in my opinion. Because XRP has showcased that has decouple a while ago, relying on price movements from Bitcoin and Ethereum will not provide as much meaning as say, the relationship between Ethereum and Bitcoin. That being said, there are some critical tests that XRP has not satisfied for me to be considered bullish. First off, there was a major rejection at the 38.2 Fibonacci line and the pattern right now seems like a bearish continuation. Until we can break $.40, I am not considering to trade XRP. It is entirely possible that we have bottomed out, but I am more confident in trading the above coins for now. There was an 8% drop at 7:15am this morning but it wicked extremely long so that we are currently in a range. This is an indication of uncertainty between bears and bulls.