XRP has actually been one of the best performing cryptocurrencies of the past few days. The asset is up by approximately 15% in the past five days (from lows to the recent high set a few hours ago as of this article’s writing).
Some analysts believe that the altcoin is undergoing a macro breakout. One went as far as to say that the asset looks similar to how it did at the start of 2017’s parabolic rally.
A textbook indicator begs to differ, suggests that XRP will undergo a retracement in the days ahead.
XRP Prints Textbook Sell Signal After Surge
XRP’s rally has been impressive, to say the least. Multiple notable cryptocurrency analysts and traders have taken notice of it, arguing that it’s the start of a greater bull run.
But according to the Tom Demark Sequential, this is unlikely to be the case, at least for the time being.
The Tom Demark Sequential (aka TD Sequential) is a time-based indicator often used by crypto traders; the indicator prints “9” and “13” candles at inflection points in the trend of an asset.
A Telegram channel that tracks signals printed by the TD Sequential noted just hours ago that XRP has formed a “sell 9” candle on its daily chart. This suggests that the asset will undergo a correction in the days ahead, likely back towards the $0.20 region.
Chart of XRP’s price action over recent months with the TD Sequential. Chart by a Telegram channel tracking TD Sequential signals; chart from TradingView.com
As the chart above indicates, this very signal — a TD Sequential “sell 9” candle — has historically had some accuracy. Namely, at the highs of April’s rally, the signal appeared just two days after XRP put in a high, then proceeded to retrace over 20%.
Not the Only Bearish Signal For the Altcoin
Even after the recent rally, XRP remains below a resistance level, indicating a decent likelihood of more downside. As reported by Bitcoinist previously, one trader commented:
“I don’t think this pumps without fundamentals and for now I don’t see anything in the calendar. Personally I’m waiting for orange or a HTF reclaim of the former floor that lead to this bleed out. Bounces are for shorting until proven otherwise,” the analyst said in reference to the macro downtrend.
Chart of XRP’s macro price action against Bitcoin by trader “Bagsy” (@Imbagsy on Twitter). Chart from CoinTrader and TradingView.com
Further hurting XRP’s case for upside, the asset underwent a strong drop as Bitcoin surged past $10,000 on Sunday morning. Joseph Young, a prominent crypto analyst, says that this may be indicative of an “altcoin profit taking bitcoin rally,” where altcoins underperform as BTC surges.
Featured Image from Shutterstock
Price tags: xrpusd, xrpbtc
Charts from TradingView.com
After Surging 15% in 5 Days, XRP Prints Textbook Sell Signal origin »
In the cryptocurrency markets, BCH appears to be confirming the recent establishment of a double bottom at approximately $422, preceding bitcoin cash’s rally this past week that culminated in breaking resistance at roughly $600 today.
A lot of intriguing cryptocurrency momentum has been brewing over the past few days. Numerous markets have successfully gained in value, whereas others are doing far less impressive things. In the case of XRP, things look incredibly promising, as the asset finally broke through the $0.
CoinSpeaker
XRP Reaches Its Highest Total in 30 Days, xRapid Wins Over Yet Another Partner
After Ripple's partnering with the international remittance platform SendFriend, XRP has reached its highest total in 30 days.
Supply zones: $0. 484, $0. 503, $0. 564, Demand zones: $0. 439, $0. 413, $0. 377 XRP/USD Medium-term Trend: Ranging XRP/USD continues ranging in its medium-term outlook. The coin has been in a ranging trend for more than ten days within the supply zone of $0.
The past few days have not been easy for Ripple and its native XRP asset. A lot of market volatility has ensued for no apparent reason. It seems unlikely XRP will hit $0. 4, although returning to $0.
Just a few days ago the Stellar community was notified on Reddit and other sources of the new project that has been launched on the Stellar Network, one which is referred to as the Starlight. The simple explanation behind all this is that it has been Stellar’s vision of going ahead to light the network. […]
The first two days of this week’s market performance weren’t going to be concluded in favor of XRP holders as the token’s value going to declining since the 18th of Oct. With continuous attempts to overcome the $0.
Last week has been pretty interesting for Ripple and its native XRP asset. At this time, it seems the price is still struggling to retake $0. 5, although some new interesting developments may help move things along in the near future.
The market leader Bitcoin which represents 54% of the total market capitalization has consolidated for the last two days. Bitcoin formed a doji candle yesterday which is a candle with a small body showing indecision in the market.
XRP/USD Medium-term Trend: Bullish Resistance Levels: $0. 50, $0. 53, $ 0. 57 Support Levels: $0. 46, $0. 43, $0. 40 The cryptocurrency is bullish in its medium-term outlook. The coin was consolidating for more than two days.
Chart for LTC/USD (1W) Gemini just announced Litecoin (LTC) support. A new exchange backed by TD Ameritrade has already made clear its intention to list Litecoin (LTC). Coinbase already has it and so does Circle.
After the most recent drop we have seen in cryptocurrencies, the market capitalization is just about maintaining above $200 Billion. The market cap is currently at $201 Billion representing a 7% decline over the past seven days.
It only takes a few minutes for Bitcoin to lose $200 and that’s exactly was happened today. Not only has Bitcoin crashed earlier today but it took the whole market down with it including Ethereum, XRP, Monero, Stellar and so on.
During the early days of its market entry, Microsoft focused more on adoption rather than the development of the computing technology. Bill Gates made sure that the company had penetrated various local markets across the world before he even thought of venturing into the next level technologically.
For those that have been following the price articles that have been put out in recent times, the recent downturn in price is something that was anticipated a few days ago: https://www.tradingview.com/chart/XRPUSD/2nwG1KT3-XRP-Beginning-to-Look-Very-Bearish-in-the-Mid-Term/ Currently, the price of $XRP is down -10% for this period (on the daily), which is a pretty steep decline. So, what’s going […]
FOMO Moments Markets creeping back up; XRP, Nem and Siacoin performing well. Crypto markets have crept back up a little since yesterday’s dump. They are still stuck at the bottom though as any upward momentum is lost after a few days.
With the crypto markets being inactive for the past few days, it’s no surprise that they hit back with the old rinse and repeat cycle which has become all too common recently. This has left Stellar, Etherum and XRP are miss with the markets heading into a slump.
FOMO Moments Markets dumping once again; XRP, Ethereum, and Stellar losing out. Following a few days of inactivity crypto markets have dumped again in a rinse-and-repeat cycle that has become all too common recently.
Ripple has seen a small 2. 3% price decline over the past 24 hours of trading. The cryptocurrency is currently exchanging hands at a price of $0. 5504 after seeing a well sought after 16% price increase over the past 7 trading days.
The beginning of the week for the virtual asset market is performing slower with few exceptions as sellers are tanking bulls from continuing the previous seven days gain. As Ethereum World News team covered pieces related to the price changes throughout the crypto-verse while predicting the outcome, various coins had tremendous experienced tremendous gains.
Ripple (XRP) has defied Bitcoin (BTC)’s gravitational pull these past few weeks. The above 1H chart for XRP/USD shows that Ripple (XRP) has surged aggressively these past few days. There have been no signs of a slowdown.
The recent xRapid Upcoming Launch announcement by Ripple’s regulations and relations for Asia Pacific and Middle East, saw XRP increased by over 100% within 7 days and has also tried to retain most parts of the gain and seriously competing with Ethereum Over the second spot in Market Capitalization and currently trading at $0.
One of the crypto-communities favorite Stellar XLM is showcasing a confident 7-days price performance. Mostly the virtual assets prices follow the leaders Bitcoin BTC movements, however September has been a fresh change in the market.
XRP’s monthly performance is outstanding and dramatic at the same time without a doubt. In a matter of 4-5 days its value has increased 100% despite many calling the momentum a mid-week trade that is going to pass very quick.
Barely days after a bull run raised investors’ hope that XRP, despite all criticisms, might not be as centralized as critics allege, a new report has surfaced completely shattering that altered perception that just began to gain traction.
September has been yet another cold month for cryptocurrency. As each new month arrives, speculation of the next bull run follows, though it seems that at the moment, bullish optimism is at an all time low.
A few days ago, Ethereum World News reported of how Coil, by former Ripple CTO, Stefan Thomas, was testing web monetization by donating XRP to Wikipedia for every user of Coil who visits the site.
Ripple (XRP) has been on a wild bullish spree these past few days. A lot of people even in the crypto community have been trying to wrap their mind around how Ripple (XRP) has achieved such gains without the blessing of Bitcoin (BTC).
Bitcoin prices have been relatively flat over the past seven days, ranging between $6,300 and $6,700, and altcoins have been doing incredibly well during this stability. Across the board, multiple altcoins are up 10% or more, with the markets once again being led by XRP, which is up nearly 20% over the past 24 hours.
Several cryptocurrencies and digital assets are in great demand during specific times of the year. In the case of Ripple’s XRP, the demand for this asset has picked up as of late. This is despite a recent setback over the past few days, which is only to be expected after a near 110% gain in […]
The post Top 6 Exchanges to Purchase XRP in 2018 appeared first on NullTX.
Stellar (XLM) has been on a roll these past few days. Its stellar gains are only second next to that of Ripple (XRP). The above 4H chart for XLM/USD shows that there is still plenty of room for further price boosts.
FOMO Moments Markets are bleeding once again; XRP, Stellar, Cardano and Siacoin getting smashed. As we have seen before the same pattern has resumed and the market rally could not be sustained. Cryptocurrencies have dumped again today wiping out all gains over the past few days.
XRP, Ripple–Despite experiencing a falloff in pricing today, after posting over a 100 percent increase in price over the last ten days, XRP has generated a substantial amount of interest over the preceding two weeks.
Ripple (XRP) investors have seen some massive returns on investment these past few weeks but there are reasons to believe that this rally is not over yet. Ripple (XRP) had to retrace after an aggressive rise from $0.
Stellar (XLM) remains one of the best performers during the last 7 days. Stellar has seen an increase upwards of 20 percent for the day, and more than 50 percent for the week, now standing as the sixth largest cryptocurrency.
A few days ago digital asset markets saw some good gains pushing the entire crypto-economy up past $229 billion. Both bitcoin cash (BCH) and bitcoin core (BTC) had nice percentage spikes with BCH up 13 percent, and BTC up 3.
Ripple’s XRP coin price is rising so quickly that the sudden price movement is really starting to rouse snoozing crypto-enthusiasts. At the time of writing XRP is up 100% over the last seven days and Friday, September 21, XRP shot to a peak of $0.
There is doubt that XRP has experienced one of the most impressive last few days in the crypto markets. It all started on the 17th of September when one of Ripple’s Executives hinted that xRapid would be going live in the next month or so.
Sundays are most beautiful when you start the morning by seeing the complete crypto-market taken over by the green gaining percentages. Two days ago Ethereum World News reported on how XRP’s bull-run had no stop and it went above even Ethereum by market capitalization for a brief day.
XRP, the native cryptocurrency of the Ripple network is up another 10 percent as investors speculate on what has caused its price to nearly triple in the past week. According to prominent investors and analysts, the staggering 155 percent price increase of Ripple in the last seven days from $0.
The past 7 days have been tumultuous for the digital asset sector to say the least. For starters, just a few days ago the total market capitalization of all the altcoins in the market had dipped to a relative low of $191.
As we all know, over the last two days Ripple’s native token XRP has been surging and is up almost 50%. Over the last forty-eight hours, XRP’s graph has seen a linear rise and the reason is obvious.
The crypto trading community is in awe over the performance of XRP in the markets over the last few days. The digital asset started a slow rise to the top at $0.274 on the 17th of Septmber only for it to sprint and edge out Ethereum from the number 2 spot yesterday and according to […]
The post XRP’s Surge: Justin Sun Believes It is A Sign that Financial Institutions Will Adopt Blockchain appeared first on Ethereum World News.
Considering the $60m Zaif exchange hack and the SEC's delayed decision put a sour note to the end of the week, the overall market cap still advanced almost 4% to $212 billion over the past 7 days.
BTC closed the day with a solid gain of more than $160 on September 13, touching the $6,500 level. Traders pushed the price even higher on September 14, but the biggest cryptocurrency could not keep the momentum and closed below the $6,500 mark (at $6,480).
In the last one hour, Ripple’s XRP price has overtaken Ethereum in terms of market capitalisation. In the last two days the token XRP has seen an 80% surge since the company announced that their product xRapid was about to launch.
In the last one hour, Ripple’s XRP has overtaken Ethereum in terms of market capitalisation. In the last two days the token XRP has seen a 80% surge since the company announced that their product xRapid was about to launch.
The entry of cryptocurrencies into the global economic setting has pretty much made some people millionaires – and even billionaires. People who jumped in the crypto business during the early days of Bitcoin have had a lot to smile about.
Rolling back only a week ago when Bitcoin BTC was plunging around $6,200, EthereumWorldNews covered a piece in which it was highlighted how a twitter user also crypto-enthusiasts believes that the bearish trend is over as the same -85% drop of 266 days occurred in 2014.
XRP stood firm as crypto markets took a beating on Tuesday. Most coins fell hard, but XRP avoided hitting new lows. Market watchers now wonder if the altcoin might recover faster than other cryptos.
Renowned trader and market commentator Jacob Canfield (@JacobCanfield) has identified XRP as the standout performer among altcoins, sharing a price chart on X that underscores the token’s recent momentum.
Analysts continue to believe in the potential price surge of XRP, predicting that it is still feasible that the crypto will hit the $3 mark. Related Reading: No Sweat! Dogecoin Will Hit $5 ‘Very Easy’ In 2025 – Analyst A market observer even claimed that XRP is on track for a massive price rally in the ongoing digital asset bull market as many cryptocurrencies are hitting all-time highs due to the positive outlook on the industry.
The XRP price recently surged to a three-year high of $1. 6, marking a significant milestone in the cryptocurrency’s recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price.
Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5. 85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent.
On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during the past day.
On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks.
