Bitcoin spike helps Ripple sellers again
The earlier almost $5000 charge higher in Bitcoin had a dramatic impact across the whole crypto sphere as was noted here earlier. Indeed, it even managed to send Ripple (XRPUSD) sharply higher too. The price went vertical as it took off from around 0.26, to as high as 0.3168 on that Bitcoin charge. However, it has fallen backwards again even as Bitcoin holds the majority of its gains. The simple reason for that is as it has been for some time now. As reported here many times over, each and every price spike and rise in Ripple seems to constantly met with fresh sellers. The price action today so far seems to be a repeat example of that. XRPUSD is currently trading at 0.2830
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