Ripple has remained resilient and avoided getting hurt by the tremendous pullback in cryptocurrencies beginning on December 22nd. It has shattered technical and psychological levels as it rocketed up to the $2 handle, where it now currently resides, decidedly stealing market share from Ethereum, usurping it as second in market capitalization, under Bitcoin. This is quite a departure from the $0.20 range where it sat for months boring investors who were taunted by substantial gains in other altcoins. Investors should be warned that we are currently at highs right now, so we can expect a retracement. We appear to be forming a doji candle today, which supports the fact that a pullback is near.
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!
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