From Friday’s low at $0.384, the price of Ripple has increased by 21.5% measured to the current levels of $0.4647.

Looking at the daily chart we can see that the prior to Bitcoin the price of Ripple has spiked up significantly all the way up to the 0.786 Fibonacci level resembling the Bitcoin’s hourly chart which can provide some insight on what is going to happen next with the price of Bitcoin – a long spike followed by a straight downfall and currently an ascending structure.

Read more in FXOpen blog.