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Ripple/Bitcoin price ratio at a very critical juncture

Ripple has significantly under-performed Bitcoin but now the price ratio sits on a major long term support on the weekly price chart (Source: Kraken). Breaking below it should initiate a massive sell-off but considering that the role of a support is to hold and given the RSI oversold condition it should not be surprising for a trend reversal to take shape on this level (0.0000638 at the time of writing).

XRP/BTC Weekly Price Chart

This probability is supported by the even more massively oversold condition of the pair on the daily price chart. It is therefore suggested to buy the ratio at the present price with a stop-loss just below the 0.00006314 low of the April 11th candle wick.

XRP/BTC Daily Price Chart
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