XRP (accumulate phase) and HOLD...

BITSTAMP:XRPUSD   Ripple / Dollar
Chart overlay is set and explains it all.
BTC just formed a classic H&S. I don't see XRP thriving during a drop in BTC to $6K.
@mikehill85, I think as a hedge against xrp/btc this will be the coin to be in. Accumulate more btc for the next pump possibly. I see xrp staying around $2-3 while btc dumps, not much more. Btc ratio increasing to keep it around there.
mikehill85 RichardStranaghan
@RichardStranaghan, Recently I've noticed that when BTC tanks so does XRP. I'm not sure why XRP would behave differently this time.
WizardOfRealms mikehill85
@mikehill85, The ma signals say otherwise and please keep in mind, XRP market has beaten bitcoin cash and will surpass eutherium soon enough.
Then, when bitcoin is down... Ripple and XRP will be number 1 - not much longer for that scenario to play out.
mikehill85 WizardOfRealms
@WizardOfRealms, Thanks for the info. I will look at the MA signals. My observation was based purely on anecdotal evidence so I could well be totally off there.
RichardStranaghan WizardOfRealms
@WizardOfRealms, The chatter on twitter is pretty similar to your opinion. I think you are right. I think $$$ is the wrong way to value xrp at the moment. Watch the btc/xrp ratio. When to jump back to btc will be the biggest challenge. I personally think all time highs in xrp/btc but bitcoin may be $9k or even $6k so maybe that would only equate to $3-5 for 1 xrp. The biggest trick would be sell for btc for its next run?
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