THELOGICALINDIAN - XRP Is Still Facing Down a Pivotal Resistance
As crazy as this may sound, XRP is one of the best-performing assets of the accomplished two days. It has outperformed both Bitcoin and Ethereum as those two bazaar leaders accept apparent pullbacks.
Yet this amount activity hasn’t assertive anybody that the asset is in the clear.
One banker shared that while XRP could billow 30% from accepted levels, it may see a acrid bounce at a “hugely significant” resistance:
This affect was echoed by addition analyst, who argued that XRP has one of the “worst looking” archive out of the top cryptocurrencies:
Bitcoin Dominance Favoring BTC Over Alts
Stepping back, it’s important to point out that Bitcoin ascendancy assay suggests that BTC will beat altcoins in the weeks ahead.
As reported by Bitcoinist previously, the admeasurement formed a Tom Demark Sequential “buy 9” aloof aftermost week. The Tom Demark Sequential is a time-based indicator that prints “9 “candles back an asset/market is assertive to see an articulation point.
This buy 9 suggests that BTC will beat altcoins in the weeks ahead.
