Slow and steady wins the race Update and ?What was that?
My long-term view hasn´t changed. XRPUSD is slowly climbing towards new levels in tiny 0.2USD steps.
XRP showed little movement in the last few days, which is a good sign in itself. I think XRP is more insensitive to bitcoin and price fluctuation than many other altcoins.
This shows in my eyes that XRP is on its way to becoming a stable currency, rather than an asset or pure gambling.
Fundamental Update:
- Singapore Fintech Festival November 14. - 16.
- BTC Hardfork around november 16th.
- adding XRP on the korean exchange coinrail on november 17th.
4H-Chart:
Since hitting the trendline it rose from 0.15USD to 0.17USD to 0.19USD.
XRP bounced up again.I expect a sideways movement over the weekend before going up again.
1H-Chart:
Bitcoin achieved a new paradigm during this period. Because alt coins are connected to bitcoin, the market was influenced by this and had to realign again. During this timeframe Bitcoin went up about 12% while XRP went down about 11%. There is a necessary correlation between those two currencies, but XRP recovered very quickly and went back on track.
XRP showed little movement in the last few days, which is a good sign in itself. I think XRP is more insensitive to bitcoin and price fluctuation than many other altcoins.
This shows in my eyes that XRP is on its way to becoming a stable currency, rather than an asset or pure gambling.
Fundamental Update:
- Singapore Fintech Festival November 14. - 16.
- BTC Hardfork around november 16th.
- adding XRP on the korean exchange coinrail on november 17th.
4H-Chart:
Since hitting the trendline it rose from 0.15USD to 0.17USD to 0.19USD.
XRP bounced up again.I expect a sideways movement over the weekend before going up again.
1H-Chart:
Bitcoin achieved a new paradigm during this period. Because alt coins are connected to bitcoin, the market was influenced by this and had to realign again. During this timeframe Bitcoin went up about 12% while XRP went down about 11%. There is a necessary correlation between those two currencies, but XRP recovered very quickly and went back on track.
