I vividly remember the same scenario last year. Every other altcoin is being pump hard specially the top 10 coins so that's what I'm seeing right now.
What I mean is that the pump is only for short term, but if you're willing to take the risk and join the pump-and-dump then by all means purchase them but just be careful and you should know when to exit and book your profits.
Topic: Ripple: BULL trap for Christmas? - page 2. (Read 324 times)
For technical analysing I just follow bitcoin graph , If the bitcoin price rise up usually 99% of the coins and tokens would rise too , no matter it is XRP or ZEC , the only thing that remains is how much they can rise if the bitcoin rises , and I would say it depends on how deep they are and what are the good news about them .
Ripple is totally against in Bitcoin so I don't accept 99% of coins and tokens are follow the Bitcoin. But most are follow the same way so If you think Ethereum is lead the many coins that is acceptable because demands are control the crypto value. Once whales are selling continuously in crypto automatically all the coins are moving to backward similarly. 
I think that we are still in market, where most volume is made in alt/btc pairt rather than alt/usd. Thats why in my opinion we should look at alt/btc chart and looking there good entry point and entering if there is also good entry point for btc/usd pair. Or do as i do. I try to earn satoshi by satoshi from each trade. I dont care hum much $ its it. I hold btc and trade it to alts to increase its amount. Thats why i only look at alt/btc chart.
For technical analysing I just follow bitcoin graph , If the bitcoin price rise up usually 99% of the coins and tokens would rise too , no matter it is XRP or ZEC , the only thing that remains is how much they can rise if the bitcoin rises , and I would say it depends on how deep they are and what are the good news about them .
Bitcoin continues its very bullish trend , but XRP hit $0.4 for a brief moment on some exchanges this week, and that level could not be sustained for the long term. Over the past days, the XRP price has lost 1% in USD value and 3.2% in Bitcoin value. Both trends are somewhat worrying for those who have a very short attention span, although everyone else will agree this is what the market needs right now. Current price is still good, especially when considering the value of $0.23 which was not some time ago. a Bull-trap?
https://imgur.com/a/hn18IX2
XRP, the second largest crypto is down more than one percent today at $0.354 and near low point of the day.
Falling prices coupled with falling RSI , rising bollinger bands range and falling MACD , all signal that the trend has turned down. First major support in this down move is at $0.329 where 21 days SMA is placed and then lower towards lower end of the bollinger bands , $0.267 on the daily.
Disclaimer: This is only for educational purposes.
Any thoughts guys?
Happy Holidays everyone!
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