Like other altcoins, XRP has rallied against Bitcoin over the past few days.
While the leading cryptocurrency has stalled in the low-$9,000s, XRP has begun to push past the psychological resistance of $0.20. Even after BTC retraced by 3% from its local highs, the altcoin remains above $0.20.
Some believe that this breakout is a signal of an even greater rally. Yet a crucial time-based indicator that last appeared before XRP began a decline in April has just been spotted again.
XRP Could Plunge Against Bitcoin, Analysts Agree
According to a Telegram channel tracking cryptocurrencies and traditional assets, a textbook bear signal just appeared on the chart of XRP against Bitcoin.
The signal in question is a Tom Demark Sequential “9.” The Tom Demark Sequential is a time-based indicator that often prints “8,” “9,” and “13” candles when an asset has reached an important inflection point in its trend.
The green “9” that just appeared suggests that XRP is at a local top against Bitcoin, and will thus suffer a retracement.
Chart of XRP’s price action and TD Sequential indicator by the Telegram channel “Alerts – TD 9’s and 13’s.” Chart from TradingView.com
Last time this signal was seen in April of this year, the cryptocurrency proceeded to drop by 35% against Bitcoin.
The textbook signal is not the only thing or person predicting a retracement in the asset.
Long-time commodities analyst and BTC bull Peter Brandt said earlier this year that XRP is primed to drop 90% against Bitcoin. He shared the chart below, attaching the following comment:
“Looks like Ripple Labs has blown the wad allocated to support XRPBTC at .00002060 to .0002075 levels. If ice-line cannot be reclaimed, look for new support at .0000194 on way to .0000145. Hey, I’m just a boomer who hates XRP.”
XRP/BTC analysis by trader Peter Brandt (@PeterLBrandt on Twitter). Chart from TradingView.com
In previous statements, Brandt said that he is against “99%” of altcoins. The investor said that “99% of other cryptos will be forgotten five years from now,” remarking that only projects like Ethereum and Litecoin have a potential future.
While not predicting an exact price point XRP will reach, a crypto fund manager and researcher, Simon Dedic, said that he thinks the asset will leave the top 10:
“$XRP, $BCH, $BSV, $LTC and $EOS absolutely do NOT deserve belonging to the TOP 10 cryptocurrencies. Actually can’t wait until they vanish and clear the way for solid candidates. Actually can’t wait until they vanish and clear the way for solid candidates.”
Anti-Altcoin Sentiment Grows
The XRP bear case comes as anti-altcoin sentiment has once again become prevalent.
Jason Williams, a partner at Morgan Creek Digital, recently said on investing in altcoins:
“People sell BTC to buy alt coins and straight s**t coins. I think that is super risky. I am sure, if real honest historical analysis was done, it would show holding is a superior strategy. Just as single stock pickers are losers over those that use an index. IMHO.”
The premise of his comment is that holding Bitcoin may be a better long-term strategy than attempting to make a few percent here and there by speculating.
Featured Image from Shutterstock
Price tags: xrpusd, xrpbtc
Charts from TradingView.com
Last Time This Signal Appeared, XRP Dove 35% Against Bitcoin. It's Back origin »
Yesterday, Wednesday, the United States Securities and Exchange Commission (SEC) formally extended the XRP lawsuit against Ripple by filing a Notice of Appeal regarding Judge Torres’s ruling. Following this news, the price of XRP plunged by more than 10%.
Regarding price, XRP still needs to meet the community’s expectations following Ripple’s partial win against the SEC. However, many enthusiasts remain optimistic about its growth potential.
Judge Analisa Torres rules XRP token is a not a security. Coinbase will resume trading in XRP in the next few minutes. XRP nearly doubled in value following the ruling today. “XRP” – the native token of Ripple Labs nearly doubled in value on Thursday after the crypto company secured a “huge win” against the […]
The post Ripple secures a ‘huge win’ against SEC as U.
Market analysts are watching Ripple’s XRP for a potential price surge against the world’s leading digital currency, Bitcoin. XRP, known for its lightning-fast transaction speed and secure blockchain technology, has recently experienced a rollercoaster ride due to its lawsuit with the US Securities and Exchange Commission.
Last week, analysts thought XRP was on the verge of a massive breakout. Against the dollar and against Bitcoin, the leading altcoin saw an explosive breakout that reminded some of the start of the infamous 2017/2018 pump.
Amidst the crypto rout that has seen bitcoin hit three-month lows, the XRP price is swimming against the tide. In the last 24 hours, the no. 3 cryptocurrency has registered gains of 7%. Per CoinMarketCap, XRP has appreciated by roughly 7% to reach $0.
Ripple price is forming a decent support base near the $0. 2300 level against the US dollar. The price is facing a lot of hurdles on the upside near $0. 2450 and $0. 2500. There is a solid bearish trend line forming with resistance near $0.
Ripple price declined sharply after it broke the $0. 2650 and $0. 2500 supports against the US dollar. The price is down more than 10% and it recently traded close to the $0. 2050 level. Yesterday’s highlighted declining channel was breached with support near $0.
Ripple price extended its decline and tested the key $0. 2650 support area against the US dollar. The price could accelerate its decline if it fails to hold the key $0. 2650 support. There is a major declining channel forming with resistance near $0.
Ripple price is currently declining and is trading below the $0. 2850 support against the US dollar. The price is likely to face resistance near $0. 2850 and $0. 2920 in the near term. There is a major bearish trend line forming with resistance near $0.
The situation of Ripple in court continues to be complicated. The company has recently decided to file a motion to dismiss against a lawsuit that claims that Ripple has violated the U. S. securities law with the sale of its XRP tokens.
According to news published by Fortune, September 20, Ripple, the company behind the cryptocurrency XRP asked a federal court to dismiss the class action that would claim XRP as security. Security or not Security? As informed by BTCManager in August 2019, a group of investors filed a complaint against Ripple with the Securities and ExchangeRead MoreRead More.
Ripple has been fighting a now year-old lawsuit and recently, a group of investors had filed an amended complaint regarding the same against Ripple. The group had alleged that XRP was an unregistered security under the Securities and Exchange Commission’s (SEC) guidance.
Ripple price is finding a strong buying interest near the $0. 2850 level against the US dollar. The price is currently consolidating and it is likely to climb back above $0. 3000. There is a connecting bearish trend line forming with resistance near $0.
Ripple price extended gains and traded towards the $0. 3250 resistance area against the US dollar. The price is currently correcting sharply and is trading below the $0. 3000 support area. There was a break below a key bullish trend line with support at $0.
XRP has exploded out of its monthslong downtrend with a two-day buy-streak pushing the cryptocurrency up 18. 5 percent against the dollar and injecting $2 billion into market capitalization—the extraordinary gain coming as the first market response to a series of high-profile partnership announcements by Ripple Labs.
Ripple price surged more than 15% after it broke the key $0. 2650 resistance against the US dollar. The price is trading well above the $0. 3000 level and it could continue to rise. There was a break above a bullish continuation pattern with resistance near $0.
ETH price rallied further and broke the $200 and $210 resistance levels against the US Dollar. Bitcoin price is consolidating near the $10,200 and $10,250 pivot levels. There is a new connecting bullish trend line forming with support near $206 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price inched lower on Tuesday as investors waited for the outcome of the Federal Reserve’s two-day meeting on monetary policy. The benchmark cryptocurrency slipped by $44. 70, or 0.
Ripple price is still struggling to surpass the main $0. 2650 resistance area against the US dollar. The price is showing a few positive signs, but it must break the $0. 2650 resistance level. There is a major breakout pattern forming with support near $0.
Ripple price is struggling to gain momentum above the $0. 2600 resistance against the US dollar. The price is currently declining and it could continue to move down below $0. 2520. There is a connecting bearish trend line forming with resistance near $0.
The year 2017 is well-remembered in the crypto-community as the ‘magical year’ that churned out many billionaires if not, generous returns against investments. XRP, which was once valued at $0.
Ripple price extended its decline and traded towards the $0. 2520 level against the US dollar. The price is currently correcting higher, but it is facing resistance near the $0. 2570-$0. 2580 area.
Coinspeaker Binance Partners Paxos Platform to Launch Binance USD (BUSD) StablecoinBUSD will be available for direct purchase and redemption 1:1 for U. S. dollars on the Paxos platform and for trading against Bitcoin (BTC), Binance Coin (BNB) and Ripple’s XRP on Binance.
Ripple price failed to break the main $0. 2650 resistance area against the US dollar. The price is currently correcting lower and is trading near the key $0. 2580 support area. There was a break below a major bullish trend line with support at $0.
Ripple price made another attempt to settle above the key $0. 2650 resistance against the US dollar. The price is currently correcting, but it remains well supported near the $0. 2600 level. There is a breakout pattern forming with resistance near the $0.
Despite the pessimism seen across the crypto community in regards to altcoins, the following technical analysis will evaluate whether Ethereum, XRP and Litecoin are bound for an upswing. At the moment, altcoins continue limping without any significant price movement.
Ripple price started an upside correction above the $0. 2600 resistance against the US dollar. The price is facing a strong selling interest near the main $0. 2650 resistance area. Yesterday’s highlighted major bearish trend line was breached with resistance near $0.
The altcoin market has been bleeding out for what feels like forever now. The selloff has picked up in severity in recent weeks, but first started back at the start of 2018 when the crypto bear market first began, and Bitcoin price crashed, bringing down the rest of the market with it.
Ripple price is trading in a downtrend below the $0. 2600 and $0. 2650 supports against the US dollar. The price is likely to extend its decline as long as it is below the $0. 2650 level. There is a key bearish trend line forming with resistance near $0.
During the FiNext Conference in USA, Ripple’s Director of Corporate Payments, Ryan Gaylor, claimed that bank coins like JP Morgan’s do not fix the ailing issue of centralization as opposed to XRP, reported VisionaryFinanc.
Ripple price recovered recently, but it failed to break the $0. 2600 resistance area against the US dollar. The price is currently moving lower and remains at a risk of more downsides below $0. 2500.
Ripple price is trading in a bearish zone and recently broke the $0. 2500 support against the US dollar. Bitcoin price is down around 5% and Ethereum price declined close to 10%. There is a key bearish trend line forming with resistance near $0.
Investments in XRP has dwindled dramatically in 2019, indicating that not many are using the crypto-asset for its intended application: that of behaving as a bridge between fiat currencies for cross-border payments.
Ripple price is following a bearish path below the $0. 2800 and $0. 2900 resistances against the US dollar. There are many supports on the downside such as $0. 2640, $0. 2580 and $0. 2500. There is a crucial bearish trend line forming with resistance near $0.
Ripple price is struggling to climb higher above the $0. 2750 and $0. 2800 resistances against the US dollar. Bitcoin price failed to climb above the key $10,500 resistance level and declined recently.
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.
