XRPBTC
As many here, I have been noticing the repetition of the chart from last year´s second half. Although, I believe we are going further down, to the 4500 satoshis area before the impulse.
December last year we had also a catalyst (long waited escrow lockup), a very favorable altcoin scenario and an undervalued XRP. This time, we dont have yet a catalyst and the scenario is not as bullish.
I am no professional, this is an amateur analysis intended to trigger healthy conversations over this coincidence.
Have a great week!
Although we have this repetition playing quite well, we still need the scenario and/or catalyst.
Those who want to take positions should now watch for the bitcoin moves and seek actively for news for XRP, Ripple and SBI group.
If nothing happens, I would bet in breaking down the 4000 support.
Have a great week!
Oliveira.