XRP In Trading Range and Consolidating
So, Tether is propping BTC.
But keep in mind that utility, fundamentals and partnerships are creating a foundation for XRP.
Right now it looks like we are going to trade sideways (in range); I suspect XRP will consolidate and trend higher back to 0.50. Should be good support at 0.36 if we continue to slide down. However, if the crutches propping up BTC fail and there is a major retrace, all bets are off.
But keep in mind that utility, fundamentals and partnerships are creating a foundation for XRP.
Right now it looks like we are going to trade sideways (in range); I suspect XRP will consolidate and trend higher back to 0.50. Should be good support at 0.36 if we continue to slide down. However, if the crutches propping up BTC fail and there is a major retrace, all bets are off.
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