XRP.D trade ideas
XRP Dominance looking to break out from this triangle?Hi guys, we saw massive move today, jus to find it to bounce back whithin the XRP dominance chart. I think we can break, but nothing is for certain looking to move some more into XRP as it can outperform bitcoin in the next run. We also will need to sew Higher volumes for this to happen! I am not 100% convinced yet. Good luck!
XRP.D What does it say?Let's make this clear that dominance chart does not necessarily indicate pump or dump.
Now here we have falling wedge and descending triangle scenarios separated with an important level.
Closing below the level could result in failure of the falling wedge scenario since it will be considered as strong resistance.
Now what? If the bullish scenario or a similar situation happens then XRP is something to keep in mind.
But if this chart goes bearish then XRP isn't something that you want to invest in even if crypto is heading a bull-run (well unless you short it).
I myself choose the descending triangle scenario but let's see.
XRP don't be fooled, it will dump.Three exponential decays in money supply preceded by pumps in all of its history. And the peaks are also exponentially decaying. It is like radio active waste that gets recharged by fiendish wall street algo bots. If tradingview had curve fitting functions we can get a more precise picture of timing, peaks and bottoms.
I am just posting this, because of all the excitement around XRP at the moment. Total2 alt cap is rising, yes, because it is in a bear flag. It will drop soon, and XRP will go down with all the cryptos, including BTC, Because BTC market cap is also dropping. Investors are moving money out of cryptos.
No moon or Alts season, before we see the money comeback and re-accumulation patterns.
Just my 2 cents. In fact i currently hold $20 of XRP. maybe I should sell them and buy myself lunch.
Market Cap XRP Dominance (XRP.D)Like XRP chart, XRP Dominance chart is rising.
It is hard to say that XRP's dominance has temporarily increased due to BTC price drops.
After touching the light blue upward trend line, it shows the upward trend and is expected to reach 5.99, the first transition point.
I think the upward trend is from 8.04 and above.