Ripple is a blockchain application for financial service providers and banks. Ripple connects them and companies to send money globally. It is more a competitor to SWIFT than to Bitcoin . Many friends of decentralized cryptocurrencies have a problem with Ripple because Ripple is for banks. By the way I am a fan of decentralized cryptocurrencies and I am convinced of Ripple technology. Both is possible. This means Ripple can exist alongside Bitcoin and Alts. But it is still interesting that the price of Ripple follows the price of Bitcoin . It can be assumed that Ripple will uncouple itself more from Bitcoin as the leading currency, but not in the coming months.
The performance of Ripple was not really good in the last few weeks. Too much action with BTC . But I think we saw the lowest low. A down to 0.10 USD is technically still possible, but the support at 0.15 USD is very strong - as we have seen. So this should indicate the confirm of the trend reversal. An up to 0.60 USD until the end of the year is possible.
Let's see what happens. Happy trading. :-)
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