XRP has now bounced off the 0.0001 - 0.00012 area three times. We are also at about 95% completion of the descending triangle. TA would state that descending triangles break downwards ... however in a highly manipulated market such as crypto-currencies I feel bold enough to call a black swan. My thought is that XRP will rally in next 14-21 days and set a new high against BTC if we can maintain above 0.0001 for the short term; 5 days or so. I bought a touch early at 0.00013 but do not regret my decision. I would suggest more conservative investors wait until we hit 0.000175 - 0.0002 to join the train to avoid substantial losses if this does not pan out! My target sell is 0.0004. Ignore my chart as I just stuck something on there for a visual of when I was entering idea. Best of luck to all !
Agree -the triangle is not looking promissing, but usually it breaks at 75%. We are almost at the line crossing, meaning that the bears failed to push the price more to the south, so I expect the rally to start even sooner, and if not- we'll wait a bit :)
And t hanks for sharing your thoughts.
aakashbit
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Str and XRP have been one of the worst performer since BTC started climbing, everytime they gain momentum BTC rises and kills their uptrend. everyone is on hold as far as XRP is concerned, most of them have sold all Str. lets hope XRP make something of the volume it has as top 5 currencies soon.
@aakashbit, The only other thought I have to add is BTC rally should come to a bit of a slowdown/correction once COIN is denied again by SEC which could help this ratio. :)
And t hanks for sharing your thoughts.