Good info, itll be interesting to see what the coming weeks hold.
I think weve hit the bottom now, and should be another rally over the next few days.
Always a real test, hold or not to hold... especially while virtually every other coin on the board raked it in past few days!
Hard to understand how 20 coins from the bottom were even pulling in 20+% and some how xrp saw none of it... makes a person wonder if there could be some big accounts matching the buy ins with selloffs preventing growth.
Either way, id say we will see a $1 xrp this year..
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"makes a person wonder if there could be some big accounts matching the buy ins with selloffs preventing growth."
Market makers is the word you're looking for.
For example CME makes a market for oil, it's a given fact that oil can only move up 7% on a given day, else the market would shortcircuit.
The same goes for any market. Price can't keep going up vertically because you will reach a point where no one is willing to buy anymore, that also means that people can't close their longs (which is technically tring to sell) because there is no one to take over the position.
It's not the chart that is important, it's what happens behind the scenes that is represented on a chart.
True enough.
Interesting reddit post saying ripple will take over bitcoins role in the crypto market as the main transactor between currencies. That would cut costs and time hugely!