Taking a look at Ripple versus Bitcoin to get an idea of what we can expect in the days ahead.
All the MA’s on my chart have given the bear signal on the 1 hr candle, this is my first warning and I will take caution on the XRP markets.
Premium members went long on Ripple last week versus the dollar and locked in profits already. I would advise anybody still long on the Ripple market to take caution.
The market is testing critical support around 0.000101 btc and should it fail we could face a steep drop in prices as recent speculators run for greener pastures.
Medium term support is around 9000 satoshi should the the market fail here. I will be sitting on the sidelines and I have no trades planned for XRP at this point in time.