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#xrp #Ripple continues its consolidation after initial bump

BITSTAMP:XRPBTC   瑞波幣/比特幣
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I'm not a die-hard Ripple enthusiast, but the chart looks reasonably bullish to me. The latest consolidation is reminiscent of the consolidation before the latest bull run in the spring of this year.

At least on smaller time-frames, the price is trying to establish a foothold above the kumo. Could it dip once again to trigger more stops? Absolutely.

Personally, I'm already in and intending to accumulate more.

I'm curious to see if the run-up to Swell will have further positive impact on the price.
I'm a fan of ripple. However this time ripple values are tight to bitcoin, so Bitcoin should hold to see such a rise
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PaulSimmons GoatUser
@GoatUser, hi when u say bitcoin should hold to see such rise, do you mean that it should stay at a certain level so that xrp can pick up? Is that usualy the case with xrp or is there any other reason you think so? have a good day
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GoatUser PaulSimmons
@PaulSimmons, MOM(XRPUSD.close) has a very high correlation with MOM(BTCUSD.close) however the function is more like MOM(XRPUSD) = 1.5*MOM(BTCUSD). As you can see from the comparison between the two currencies. In this market scenario I would associate it with pro traders portfolios however also with the direct conversion is USD that XRP permits.

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PaulSimmons GoatUser
@GoatUser, no idea what you just said:

however the function is more like MOM(XRPUSD) = 1.5*MOM(BTCUSD). As you can see from the comparison between the two currencies. In this market scenario I would associate it with pro traders portfolios however also with the direct conversion is USD that XRP permits.
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