The dollar price of Ripple’s token XRP has remained relatively flat, with a long-time gradual slide for all of 2019. But the story about price action may be hidden in another pair, XRP/BTC.
XRP Closes In on Crucial Level Against BTC
XRP may be nearing another crossroad level, though not expressed in terms of dollar price. The Satoshi position of the asset tells another story and reveals the confidence of changing directions.
Top TradingView Bitcoin analyst Jacob Canfield, sees this week’s pivotal point for XRP at 2,350 Satoshi. Breaking below that level at close may signal further losses for the crypto asset.
A lot of people focus on XRPUSD, but XRPBTC just recently broke the weekly 20MA. It tried to hold it, but failed to this week.
A key pivot level for $XRP on the weekly is the 2350 zone.
If this breaks and closes, I would look for potential support much lower. pic.twitter.com/j4di1ObHTy
— Jacob Canfield (@JacobCanfield) December 20, 2019
The Satoshi price is especially critical, given that XRP proponents expect the coin to…