An Unlikely Source of Crypto Market Optimism... Ripple!
Hey guys,
It’s strange to say it out loud, but Ripple is keeping me optimistic about the crypto market. Haha yikes, it does feel weird to say!
I mean we’ve been negative around the market for so long, it just feels so laughable that it’s of all coins Ripple that’s doing it.
You’ve obviously noticed the Ripple rip that we’ve seen lately and the first daily chart just shows where we’re at in the bigger picture:
XRP/USD Daily
The fact that price is back above that previous resistance level is really encouraging and really highlights the market optimism we’re now seeing.
But an intraday chart shows the moves strength more clearly. Take a look at the hourly chart below:
XRP/USD Hourly
How good is it to see a parabolic rally like this actually hold. No retrace, no worrying about what support zone but papa Bitcoin is going to break, just strength!
Stay optimistic. This is good.
Peace ✌🏻.
@forexbrokr | Steemit Blog
Forex and Crypto Market Musings.
Twitter: @forexbrokr
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I'm always optimistic with crypto lol
Haha I don’t know if that’s a good thing or a bad thing ;)
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