XRPUSDT Analysis by @pipsnipers

The analysis focuses on Bitcoin dominance (BTCD.D) and XRPUSD. The analyst suggests that Bitcoin dominance has reached its fifth wave in an ending diagonal, hitting the 70.2% Fibonacci level around 63.26%. He suggests that all timeframes indicate an overbought condition. He mentions that the market was wrong on November and including him that this was only a third wave up. He is looking for bitcoin dominance to stay below 63.26 to confirm this. The prediction is for Bitcoin dominance to fall below 60.35. He draws a comparison between the Covid crash and the recent drop in XRP to indicate the potential for it to grind upwards to retest all time highs at 3.00. He suggests we are in favorable conditions for the markets to reverse and for XRP to push upwards.