XRP Drop 10% to $3.21 but Eye 2018 High for Altcoin Rally
XRP drop over 10% to $3.21 after e reach peak for $3.66 earlier dis year but e fit still break im January 2018 all-time high of $3.84. Bitpanda deputy CEO Lukas Enzersdorfer-Konrad talk say di next move depend on beta altcoin season and waka money comot from Bitcoin. Altcoin Season Index don turn side for altcoins, and Bitcoin dominion don fall by 5.4% for di past month, show say more money dey. Technically, XRP still dey pass im 50-day exponential moving average and im relative strength index dey neutral ground. Analyst Dom talk say money fit rally to $7–$10 if market wahala beta. Traders suppose dey watch altcoin movement, Bitcoin dominion trend and how regulator dem dey do for signs of wetin XRP go do next.
Bullish
Even though XRP don drop over 10%, the main signs still dey positive. The change for Altcoin Season Index and the 5.4% drop for Bitcoin dominance show say liquidity for alternative tokens dey grow. XRP support above im 50-day EMA and neutral RSI mean say market pressure balance well and e ready to make comeback. Plus, with analyst talk say e go rally between $7–$10, this news fit boost trader confidence both short-term and long-term, supporting bullish outlook for XRP.