BitcoinLong
BTC/XRP 1W Reversal
Updated
The BTCUSD / XRPUSD price on the weekly chart is showing a very serious reversal of the trend that started a year ago. Ever since dropping after the initial spike following last July's SEC XRP ruling, the BTC price then outperformed XRP in the lead up to the ETFs. This is evident on the weekly chart with a 21 day SMA 2 SD close bollinger bands as there is now a > 11.5% decline this week pushing below the BB middle basis. This suggest further upcoming declines in this ratio meaning an increase in XRP's price relative to BTC.
If BTC remains in the 57k range, the BTC/XRP price ratio may drop to ~95k which would be approx. $0.60 XRP price, or over a 55% rise above the July 4-5 lows in under three weeks.
If BTC remains in the 57k range, the BTC/XRP price ratio may drop to ~95k which would be approx. $0.60 XRP price, or over a 55% rise above the July 4-5 lows in under three weeks.
Note
$0.60 check! Three weeks? No, <5 days. 95K ratio, nope, still ~108K.Note
New prediction: 72 within a week. Afterwards, retracing to high 50s over the following month.
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