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ripple decoupling from bitcoin?


garyw

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bitcoin and ripple charts have been almost identical for as long as i have been looking, now all of a sudden when bitcoin has had a nice jump in the last 2 days ripple has barely increased!! any thoughts on this??

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10 minutes ago, garyw said:

bitcoin and ripple charts have been almost identical for as long as i have been looking, now all of a sudden when bitcoin has had a nice jump in the last 2 days ripple has barely increased!! any thoughts on this??

Yes alot of people are swing trading. Not just from xrp to btc but all alt coins to btc. Xrp seems to be the most prolific case. But I think xrp holders are tired of the downs so they are going into btc while it's hot. By will likely be the hot coin for a while because of the etf approval. But once btc has had its run. Just like Dec of last year people will put their money that they gained from btc into other coins 

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21 minutes ago, Kpuff said:

But I think xrp holders are tired of the downs so they are going into btc while it's hot.

Risky. But good luck with that. I'll put new money in for the short term but my xrp is not for sale. 

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22 minutes ago, LordVetinari said:

Risky. But good luck with that. I'll put new money in for the short term but my xrp is not for sale. 

I'd say for the very short term if you put any new money in put it in btc. Just because we have a clear reason as for why it's going up. But of course long term goal is xrp all the way

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