On Monday, Ripple prices traded as high as $0.278758 before an intra-cryptocurrency rotation diverted the momentum towards Bitcoin. The result was an 11.36% depreciation of XRP against BTC.

What caused this sudden rotation—was it an unexpected bout of bad Ripple news? Sadly, no.

Cryptocurrencies should trade independently, based on their underlying strengths or weaknesses, but they often do not. The market is heavily distorted by uncertainty, a half-baked regulatory environment, and far too many scams. Which is why you get days.

The post Daily Ripple Price Forecast: XRP Wounded 11% by BTC Dominance appeared first on Profit Confidential.

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Daily Ripple Price Forecast: XRP Wounded 11% by BTC Dominance