Cryptocurrency

The XRP price is compared to the BTC price at the beginning of a massive upward movement?

In today’s Ripple rate analysis, we want to throw a special eye on the previous Performance of the XRP exchange rate against the BTC price. Based on this, we will see what conclusions we can draw from this for the XRP/BTC trading pair and its course for the future 3-4 months.Please note: None of this articles listed is to Formulate in any way the trading recommendations. This and the following article are solely for the exchange of information with our readership. Neither crypto Monday nor the author of this text shall be liable for any loss incurred as a result of the trading decisions of our readers. DYOR!

Ripple course and be current in USD

As we have already in the Ripple rate analysis from last Saturday, found the XRP exchange rate against the US Dollar at a critical point. At the moment it applies to the Ripple rate under all circumstances, the support line to true at around $ 0.25, in respect of the US Dollar continue to slide.The support line does not hold, am I entered in my Ripple rate analysis from the 16.08.19 in great detail, the scenario could be waiting for us then. It’s worth a look.Today, we want to add yet another facet, and the Performance of the XRP exchange rate against the BTC price take a closer look at.

How performs the Ripple rate to the BTC price?

Since its Peak in early January 2018, the Ripple price has to to Bitcoin a good amount of feathers. So XRP is Far from alone. Most of the Altcoins suffer, relative to their All-Time High, significantly more of the market correction, as the BTC course. The XRP price has hit particularly hard.However, there is some light at the end of the tunnel. At least, if the Last repeat should, and we aim to build on our technical chart analysis, of course.We’ll take a look at so what happened so far and what might happen on the basis of its soon. To this end, we take a look at the weekly Chart between XRP and BTC.Source: trading view here, we can see that the Ripple rate moves against the BTC price in a downward Channel.Within this Channel, the XRP price recorded so far around 110-130 %ige against movements before he again reached new lows. At the Moment we are back to the lower trend line and we could therefore be on the verge of a new counter-movement. Such a larger movement could be upward run similar to the above and thus a very lucrative trading opportunity. At least as measured in BTC.Trade on the most successful Crypto-exchange. If you’re looking for a reputable point of contact, to act with real crypto currencies, then take a look at our Binance Test 2019! In this article, we have analyzed all the features and benefits of the crypto-exchange in more detail and evaluated. The most the most popular crypto-stock exchange today! Now on Binance sign up.Because the patterns would be likely to result in a continuation of this Chart-curve for the XRP exchange rate against the BTC course with a massive profit before it loses massively in value, and its downward trend continues.Could this massive loss of value may be the Bitcoin Halving Event and the expected massive increase in value of Bitcoin? Latest forecasts project a BTC price in the amount of 425,000 US dollars. It is conceivable, however, know it does just the future alone.So far, there were only two such Circles on the XRP/BTC weekly Chart, so this pattern is to be used with caution. In the chart analysis the magic number is Three.

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About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.