Bitcoin is down, but XRP is still up after the day before the coin was able to surpass the $0,33 level.
This price action showed the fact that the coin made a really big move to the upside when it broke past the fib ring that was seen on the daily chart.
At the moment of writing this article, BTC is trading in the red and XRP is still trading in the green.
XRP continues against Bitcoin and Ethereum
Even if most of the move saw a massive retracement, XRP was still against BTC and ETH as well.
It seems that altcoins have been making moves of their own, and this is reportedly just what the big players want.
They reportedly want everyone to know that we are not going to have a rally before the halving, but Crypto Daily writes that they want us to believe that we’ll have an altcoin rally.
Big players want to dump their altcoins before the halving
The online publication writes that the reason for which they want average retailers to believe this is the fact that this may be the last opportunity that they have to dump their altcoins at these prices.
“If we take a look at the daily Bitcoin dominance (BTC.D) chart, we can see that the trend may be about to reverse. If BTC dominance breaks above the ascending triangle, we would be at the beginning of a trend reversal that we have not seen since 2017 when altcoins started to rally,” according to Crypto Daily.
https://youtu.be/NNmR3tLgrA8
The online publication also wrote that this is a massive development that traders ignore amidst the FOMO triggered by the BTC upcoming FOMO that is scheduled for May. This could be the very last chance to get out of altcoins before the halving.
“If the trend reverses to pre 2017 levels, we may be looking at absolute carnage in the altcoin market,” the online publication writes.
It’s very clear by now that there’s a lot of manipulation in the market but lots of bears are said to be scared to get in on the action because they fear that the whales and the market makers have the massive power to do whatever they want near-term.