2 Scenarios that Ripple is currently testing A clear break and close above major resistance on the Daily, we could see it returning an up trend. Camp out for confirmation.
@trungle83, the issue is that the move almost 100% depends on BTC. If BTC moves up, there is a possibility of a run, if it moves down, this will go down too. Small BTC move = large XRP move - thats basically as complicated as this is (sadly). Keep an eye on BTC and trade lows and highs... With large capital, you make healthy returns, owever be aware of the risk of BTC dropping.
trungle83
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@mike21ap, yup ltc, btc and xrp all looking about the same.
philrego
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@trungle83, @mike21ap I placed an order to short against BTC on Polo @ .000137. If BTC makes a big move up or down I think it will be bad for XRP/BTC. I like to look at the USD chart though because that's what most people go by that buy Ripple. To me it looks like XRP is having a tough time staying above 1.50. Would like to hear your thoughts.
@philrego, I haven't seen any evidence yet in DXY to help with cryptos. One moves by pips the other moves by a whole cent or sometimes dollar in btc case.
Regards to why there are more transactions in XRP than BTC... I think its just because one is much much cheaper than the other.
philrego
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@trungle83, I don't understand why does DXY and pips/cents make a difference. If BTC price stays the same shorting against BTC or USD is the same.
trungle83
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@philrego, Sorry Phil, i think i misread your comment the other day.