TD Buy Trigger Could Cause XRP To Rip Against Bitcoin

2020-10-16 20:00

Bitcoin has recently been picking up steam, stealing some of the capital and thunder from the DeFi trend and Ethereum. XRP, however, continues to lag behind both top crypto assets and linger sideways.

According to the Bitcoin trading pair, however, Ripple could soon rip against the leading cryptocurrency by market cap and catch up against Ethereum after long trailing behind.

TD 9 Buy Setup Prepares Ripple For Recovery Against Bitcoin And Ethereum, Revenge Against Tether

Believe it or not, there was once a time when XRP had unseated Ethereum as the number two cryptocurrency by market cap. Now, even stablecoin Tether has printed enough market cap to put it ahead of Ripple, making now the fourth-ranked cryptocurrency.

At the height of Chainlink’s parabolic run this summer, it had also beaten XRP moving it further down the top ten cryptocurrencies by market cap. If XRP doesn’t catch up soon, investors could lose hope and capitulation could set in.

TD 9 Buy Setup Triggered On TD Sequential Daily | Source: XRPBTC on TradingView.com

But the return of Ripple could soon finally be here, according to the XRPBTC trading pair and a buy setup triggered by the TD Sequential technical indicator. The signal, is widely used across the crypto space and known for its undeniable accuracy.

Related Reading | XRP Up-Move To Leave Bitcoin And Tether Traders “Sidelined”

However, it’s not the only sign that things could soon turn around.

Daily Bollinger Bands Doji Reversal Potential | Source: XRPBTC on TradingView.com XRPBTC About To Blast Off If Downtrend Line Retest Holds, Bollinger Bands Rebound

Coinciding with the TD 9 buy setup triggering on daily timeframes, XRPBTC is forming a doji at the bottom of a short- and medium-term downtrend, just as it closed outside of the bottom Bollinger Band.

Past doji closes back into the Bollinger Bands have resulted in at least some upside following. Many instances resulted in strong reversals.

Retest of Downtrend Resistance Turned Support | Source: XRPBTC on TradingView.com

Zooming out, XRPBTC also seems to be retesting a breakout of its long-term downtrend resistance line as support. If Ripple can hold against Bitcoin here, the recovery could finally follow.

Related Reading | Underdog Story: Why XRP Could Soon Outperform Bitcoin And Ethereum

XRP has been trading around the $0.25 range for almost all of 2020, potentially building up pressure for a massive move both against dollar and the top cryptocurrency by market cap. If it does as it has in the past, Ripple moves fast and furious, and it could reclaim any of the top spots above it in a flash, except for perhaps Bitcoin.

Featured image from Deposit Photos, Charts from TradingView.com

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66250.57 (-0.12%)
Объем 24H $31.371b
Изменеия 24h: 0.08 %, 7d: 5.28 %
Cегодня L: $65194.83 - H: $66400.52
Капитализация $1305.1b Rank 1
Цена в час новости $ 11363.66 (483%)

xrp bitcoin trend ethereum defi sideways thunder

Источник: newsbtc.com

xrp bitcoin → Результатов: 126


Early Bitcoin Adopter Says XRP Price Is Closer To $10 Than You Think – Here’s Why

A Bitcoin adopter has outlined the various achievements of XRP, foreseeing a significant price increase for the cryptocurrency that could move it closer to the $10 milestone.  Bitcoin OG Says XRP $10 In Sight In an X (formerly Twitter) post, Bitcoin OG, Lucky predicted that the value of XRP could significantly appreciate, pushing closer to […]

2023-10-28 19:00


The Great Exodus: Why Are Japanese Investors Choosing XRP Over Bitcoin?

A recent study has revealed that Japanese investors are choosing to invest in Ripple’s XRP over the world’s flagship cryptocurrency, Bitcoin.    XRP Over Bitcoin And Ethereum In contrast to the treatment Ripple and the XRP token are receiving in the US, Japan seems more welcoming to the crypto asset, according to a research paper by the Department of Economics and Finance at the City University of Hong Kong.

2023-9-16 19:00


Фото:

XRP is the only major altcoin underperforming against Bitcoin, so is a rally inevitable?

In comparison to other leading altcoins like EOS, Cardano (ADA), and Ethereum, XRP is still lagging behind bitcoin even after an 80 percent rally against the USD since the first week of January. Analyst says XRP should be higher than where it is now According to Luke Martin, the price of XRP should be 11 […] The post XRP is the only major altcoin underperforming against Bitcoin, so is a rally inevitable? appeared first on CryptoSlate.

2020-2-16 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

What Triggered The 6,350% Spike In XRP Long Liquidations Compared To Shorts?

The bulls have continued to take a beating in the market, and XRP bulls, in particular, were recently in the spotlight as $1. 27 million was liquidated from their long positions. This 6,350% spike in long liquidations is likely due to XRP’s recent price action, highlighting the general sentiment in its ecosystem.