Small ripples create great waves XRP/USD

Small ripples create great waves XRP/USD

Bitcoin sets a new all-time-high at 67K USD and it is important to understand how the money flow in crypto works.

1. Bitcoin rallies into resistance ->
2. Bitcoin gets traded for Big Cap Altcoins ->
3. Big Cap Altcoins rise and rally into resistance ->
4. Money leaves Big Caps and then moves into Mid Caps ->
5. Mid Caps rise and rally into resistance ->
6. Money leaves Mid Caps and then moves into Small Caps ->
7. Small Caps rise and rally until altcoin season is over ->
8. Altcoins finally sell down and trade back to Bitcoin ->
9. Bitcoin rallies and then sells back into fiat/stablecoins until cycle resets.

That being said, Bitcoin has run into resistance and the BTC .D ( Bitcoin Dominance) has been decaying. This usually occurs as money rotates out of BTC and into Big Cap Altcoins thereby sparking the beginning of ‘Altcoin Season’.

Hence, XRP/USD lies dormant with a similar micro structure to LTC/USD. Should local support hold (1.10USD) then an impulse breakout to 1.25USD or higher is likely.

Conversely, losing local support will likely cause a sell down to Major Support around 1 USD.