I had been expecting Ripple, XRPUSDT
, to move lower along with Bitcoin
from yesterday's move lower. However, both are on the run upward again. But, XRPUSDT
has been stuck in this range of between .2600 and .3000 for the past week. My initial expectation was a drop lower to about .2200. I still have buy orders there and will keep them there for a couple more days until I can see if there are any kinds of changes with the fundamentals on the Alt-Coins. If anything new changes int eh next 24 - 48 hours, I have to change my viewpoint. Quickly.
However, there is consistent buying below the range. In fact, the buying is stack compared to the selling orders
. I do not think my short term idea has the ability to get fulfilled if there is not enough movement to the downside.
Ultimately, I see the Alt-Coins heading higher in a big way with XRP pushing above the 1.0000 level at some point. This may take some time as more and more fundamentals enter into the fray.