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RE: Ripple Skyrockets | The Rippening Is Here
I actually didn't know a lot of the tokens were locked in escrow. I was actually really surprised how much it moved at first consider the outstanding number of coins issued. I think Ripple will probably rise right now. However, it should come down sometime in the near future.
What are your thoughts on BTC? It looks like it might retest the lows from last week.
We're seeing the price hit the 50 period moving average on the daily chart as you mentioned, just as it did when it initially "crashed". I was preparing to be less bullish on bitcoin if it ever tested this limit again but given that there was a reasoning for this, I might be holding onto it a bit more to see price action.