XRP/BTC has broken out vs Bitcoin on the Weekly chart. This seems to be true no matter how you draw the lines too. The red line in the image in particular had several attempts made before finally breaking. So it was a strong resistance level. XRP broke out and re-tested the level perfectly. A bullish move upwards for XRP should continue in the coming weeks or months.
What this means is that XRP will be a better investment than BTC. XRP will make up some ground compared to BTC in terms of market cap.
Note: This agrees with my monthly analysis for XRP/BTC also. See link to related publication. Both are on high time frame charts which makes them more reliable, but they may take a long time to fulfill.
What this means is that XRP will be a better investment than BTC. XRP will make up some ground compared to BTC in terms of market cap.
Note: This agrees with my monthly analysis for XRP/BTC also. See link to related publication. Both are on high time frame charts which makes them more reliable, but they may take a long time to fulfill.
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