All last week, the altcoin market was on fire, with many crypto assets – including Ethereum and XRP – breaking out from downtrend resistance and going on massive rallies – some of which set over a few hundred percent gains.
However, an indicator designed to spot reversals before they happen is suggesting that the two top altcoins Ethereum and XRP are due for a deep retracement.
TD9 Sequential Indicator Signals Sell on Ethereum and XRP
When the total altcoin market cap broke out from its downtrend resistance, fireworks followed across each individual altcoin price chart.
Even Bitcoin rallied by as much as over 30%, dragged higher by the bullish sentiment across altcoins – a stark contrast from the blood bath altcoins experienced in 2019 at the hands of the first-ever cryptocurrency.
Related Reading | Altcoin Market Explodes By Over 50% In 30 Days, Is Crypto Due for A Pullback?
From bottom to top, the number two cryptocurrency by market cap, Ethereum rose 50% in 30 days, from a price of $116 to $179.
XRP, the third-largest cryptocurrency, didn’t fare quite as well, but still outperformed Bitcoin with 46% returns, growing from a trough of 17 cents to a peak of 25 cents before falling to current levels.
While these altcoins have already experienced a drop, the TD9 Sequential indicator created by expert financial market analyst Thomas Demark, are signaling that a deeper retracement is inevitable in the days and weeks ahead.
The TD9 Sequential indicator, just as it sounds, focuses on a sequence of candlesticks that often precede a reversal.
If a crypto asset follows this sequence to the ninth candle, a reversal oftentimes results.
Both Ethereum and XRP have signaled sell on daily timeframes using the indicator, suggesting that both of these top altcoins will fall in value in the days ahead.
Even if they do drop, after last week’s breakout of downtrend resistance most crypto investors believe the bottom to be in for altcoins. Any retracements are likely to be bought up ferociously, confirming the downtrend resistance as support.
The Rest of the Altcoin Market May See Deep Retracement Also
Elsewhere across the altcoin market additional crypto assets are also signaling sell via the TD 9 indicator.
Dash flipped sell on the USD pair after an enormous rally, while Ethereum, Litecoin, Binance Coin, and Tron have all signaled sell against Bitcoin on daily timeframes.
Related Reading | Even a Billionaire Crypto Investor Doesn’t Understand The Recent Altcoin Rally
If all of these altcoins begin dumping at once against both Bitcoin and USD, it could look like carnage once again across the altcoin space. However, after last week’s breakout this next retracement may be the greatest buy opportunity for altcoins for the foreseeable future. The post appeared first on NewsBTC. origin »
Technical analyst Charting Guy has shared a new perspective on the relationship between XRP and Ethereum, identifying a setup that he believes could lead to short-term XRP outperformance. His analysis, which was posted on the social media platform X, focuses on the XRP/ETH weekly chart, where he highlighted the formation of a bullish divergence that has not appeared since mid-2024.
Key Takeaways
Ripple’s CTO David Schwartz praised Ethereum’s latest price rally. For its part though, XRP remains a strong contender with rising investor confidence and technical support.
The post Ripple's CTO feels 'nice' about Ethereum's $3K breakout, while XRP's price... appeared first on AMBCrypto.
XRP's potential rise could reshape the crypto landscape, challenging Ethereum's dominance and influencing regulatory and investment trends.
The post XRP could rocket over 500% and outrank Ethereum by 2028: Standard Chartered appeared first on Crypto Briefing.
Cryptocurrency analyst Umar Khan thinks Ripple (XRP) could overtake Ethereum in market cap, but not in price per coin. On his 99Bitcoins YouTube channel, Khan made it clear he doesn’t see XRP reaching Ethereum’s $2,000 price tag anytime soon.
XRP is exhibiting strong relative strength against Ethereum.
Does its current price action reflect accumulation, signaling a potential breakout?
Despite a bearish February, Ripple [XRP] has The post XRP gains against Ethereum – Is it time to reallocate? appeared first on AMBCrypto.
The crypto market is a captivating space, with projects like Ripple (XRP) and Ethereum (ETH) making significant moves. For instance, XRP has experienced a recent surge of 13% in the last 24 hours, while Ethereum price action suggests a potential breakout.
XRP has been on a meteoric rise, fueled by major regulatory shifts, while Ethereum ($ETH) is approaching a breakout moment as analysts eye a surge beyond $3,550.
Аналитик Яшу Гола (Yashu Gola) предрекает рост Ethereum до уровней, которые заставят потерять дар речи даже самых хладнокровных трейдеров. Все дело в поразительном сходстве текущей ситуации с недавним взрывным ростом XRP.
The crypto market has turned bullish, with most tokens recovering key levels. As this bullish trend continues, an analyst has predicted that Ripple (XRP) will topple Ethereum (XRP).
Meanwhile, RCThe post Ripple Trader says the 6-year wait is over as XRP Flips Ethereum, but watch out for Presale Token RCOF appeared first on AMBCrypto.
Ethereum’s supply held by top addresses increased sharply.
Metrics suggested that buying pressure on XRP was high.
The latest market crash caused most cryptos prices to drop, includingThe post As Ethereum and XRP collapse, whales start to buy: Sign of a bull run? appeared first on AMBCrypto.
A popular crypto analyst, identified as CrediBull Crypto on X (formerly Twitter) has unveiled bullish projections for both Ethereum and XRP. Doubling down on his previous XRP price prediction, the analyst has further affirmed that the cryptocurrency is poised to outperform Bitcoin and Ethereum in the upcoming 2024 bull run. Related Reading: Shiba Inu Partner […]
The crypto market has seen a pullback in the last 24 hours, with Ethereum (ETH) and XRP (XRP) prices declining from recent highs. This cooling-off period has come after a week of bullish momentum for both coins, along with most major cryptocurrencies.
The Bitcoin (BTC) price broke down from an ascending parallel channel. The Ethereum (ETH) price. The XRP (XRP) price is still trading inside a symmetrical triangle.
The post How Long Does the Bitcoin (BTC), Ethereum (ETH) and XRP Bounce Have to Run? appeared first on BeInCrypto.
Сегодня цена XRP вернулась в зону декабрьских максимумов, а Bitcoin и Ethereum удерживаются в области средних цен. BTC/USD Вчера объёмы торгов были ниже среднего уровня, и покупатели не смогли продолжить восстановление цены BTC.
Компания Wrapped будет предоставлять поддержку XRP в блокчейне Ethereum. Последние пару месяцев XRP в основном фигурировал в заголовках из-за продолжающегося судебного процесса Ripple против Комиссии по ценным бумагам и биржам (SEC).
Altcoins such as XRP, Ethereum Classic and Enjin weren’t quick to mirror Bitcoin and Ethereum’s upward trend. These altcoins continued to display signs of consolidation. XRP failed to test the $1.
As Bitcoin dipped, Ethereum too registered a 1.4% decline in prices over the last 24 hours. Altcoins such as XRP have paved their own trade trajectory as they recorded a multi-month high after surgingThe post XRP, Ethereum and Polkadot Price Analysis: 15 August appeared first on AMBCrypto.
Комиссии по ценным бумагам и биржам (SEC) нужно больше времени, чтобы отреагировать на требования Ripple о документах Bitcoin, Ethereum и XRP. Комиссия по ценным бумагам и биржам США просит мирового судью Сару Нетберн продлить время, чтобы ответить на недавнее ходатайство...
Thanks to Bitcoin's inability to climb out of its price range under $60,000 and the altcoin market losing its early-April momentum, the likes of XRP, Dogecoin, Cardano, and Ethereum were all flashing The post XRP, Dogecoin, Cardano, Ethereum Price Analysis: 21 April appeared first on AMBCrypto.
It’s been a tough month for holders of the XRP cryptocurrency. In the past 30 days, Bitcoin has rallied 5%, Ethereum has surged 20%, and a majority of cryptocurrencies have registered gains somewhere in between the two.
Bitcoin, Ethereum, and XRP surged in the last few hours, making a rebound alongside the stock market as COVID-19 pandemonium cools. It seems that the crypto market is ready for...The post Bitcoin, Ethereum, and XRP Back in the Green appeared first on Crypto Briefing.
Финтех-компания Ripple намерена создать финансовый канал между XRP и Ethereum. Для этого она выставила ряд задач в рамках виртуального хакатона Gitcoin и объявила о готовности заплатить разработчикам, которым удастся соединить две криптовалюты через протокол Interledger (ILP).
XRP и Ethereum являются криптовалютами, которые переживают «фазу доказательства». Об этом заявил CEO Galaxy Digital Майк Новограц проясняя свое отношение к XRP, после того как заявил, что криптовалюта Ripple снова покажет плачевные результаты в этом году.
Ethereum, XRP, and Litecoin appear to have reached an exhaustion point following the uptrend they entered since the beginning of the year. Now, a technical index estimates that these cryptocurrencies could be bound for a correction before the continuation of the bullish trend.
For the third or fourth day in a row, bulls have decisively taken control of the cryptocurrency market. Leading the pack wasn’t Bitcoin or Ethereum (ETH), it was XRP, the third-largest cryptocurrency by market capitalization and an asset that is either despised or loved.
Bitcoin is in the spotlight once again after Bakkt was granted the first approval from the CFTC for physically-settled Bitcoin futures. As the pioneer cryptocurrency takes the attention from the market, most of the altcoins have been left behind even plummeting to new yearly lows.
According to a recent poll conducted by the crypto engineer on Twitter @BluesCrypto, 40% of the respondents said they would rather long Ethereum (ETH) than other digital assets. 33% of the voters said that they would long XRP.
Acquiring Ripple’s XRP cryptocurrency has become easier than ever for the mainstream public as, BelcoBTM, an up-and-coming US cryptocurrency…
The post XRP in ATMs in New Jersey Just Become a Thing Along With Bitcoin, Ethereum, Litecoin, and Binance Coin appeared first on Invest In Blockchain.
Японская крипто-биржа Coincheck добавила два первых альткоина на недавно запущенную внебиржевую площадку, пишет Cointelegraph Japan в этот понедельник. В начале месяца Coincheck-OTC начала предоставлять услуги по внебиржевой торговле биткоином, а теперь распространила новый сервис на Ethereum и XRP – вторую и третью крупнейшие криптовалюты по капитализации.
This week’s big market movement has been largely focused on Bitcoin which served as the catalyst once again. The second two largest crypto assets, Ethereum and XRP did not get such a boost and started.
During bullish price rises last week, Ethereum outperformed XRP to overtake it in terms of market cap and reclaim the position of the largest altcoin by market cap. The outperformance has continued this week with data from Messari showing the price of Ethereum increasing 5.
Что касается цены, то в начале февраля она составляла порядка 103$, что является самым низким показателем за последнее время. Аналитики предсказывали цифровой валюте долгий и весьма сложный период полного восстановления.
The cryptocurrency market spiked yesterday. The increase that took place across the market was led by litecoin which can often be used as a leading indicator for price movements in bitcoin and top altcoins.
Crypto markets staged a major turnaround on Tuesday as traders reacted to rising expectations of US interest-rate cuts and a surge in spot Bitcoin ETF activity following Vanguard’s decision to end its ban on Bitcoin ETF purchases.
The cryptocurrency market kicked off December with a downbeat mood as negative sentiments prevailed. At the same time, yesterday’s inflows data confirmed a divided landscape among leading spot exchange-traded funds (ETFs), which have become the primary indicator of institutional appetite in digital currencies.
The cryptocurrency market experienced a dip on Monday but instantly bounced back. Bitcoin briefly dropped to the $84k level but is now trading above $86k per coin. XRP, Ripple’s native coin, also dipped on Monday, but the $1.
Coinbase stock (NASDAQ: COIN) plummeted 5% in pre-market trading on Monday, as the crypto sector entered December under assault. Bitcoin shed more than 5% to trade below $86,600, while Ethereum collapsed 5.
Cryptocurrency investment products staged a sharp reversal last week, breaking a month-long outflow trend with approximately $1 billion in new capital. The shift follows four consecutive weeks of withdrawals totaling $5.
Bitcoin (BTC), Ethereum (ETH) and XRP all tumbled in the past 24 hours as crypto liquidations reached $636 million even amid growing optimism around a [...]
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have begun the new month bearish, with over 5% losses recorded over the past few hours. Bitcoin, Ethereum, and Ripple face renewed selling, with support levels around $80k for BTC, $2,100 for ETH, and $1.
