CRYPTO Markets Still On Fire With Help From RIPPLE Rally
When I woke up this morning, we saw an exploded market. Ripple was up over 50% on the daily and the rest of the markets were crazy as well. Ripple actually took over ETH as the #2 by market cap! Now, Ripple is back to #3 (where it belongs IMO, haha).
Were seeing some profit taking by Ripple bulls, which we knew would happen. However, this upward momentum is still playing out with other cryptos.
Bitcoin is still sitting tight in the longer consolidation wedge. We are looking for that break though which would be > $7k.
This last bull break has been significant though, and we're now on our way up to test and break $6,800.
Ethereum is still bringing up the rear. Let's go bulls!
Hope everyone has a great weekend ahead! I'm off to Temecula wine country for a wedding all weekend. Post about my experiences later!! :)
Ripple zoomed off on all other coins. It's amazing to see how dynamic these markets can be. @exxodus, have you heard about trade.io? Check them out and take advantage of a commission free trade till 1st October.
Rally may be losing steam. Not steem.