The native cryptocurrency of the Ripple protocol, XRP, was among the worst-performing crypto assets to the top ten by market cap throughout 2018 and 2019. It’s among the few altcoins that closed the calendar year at a price lower than it started at.
However, XRP’s woes could be soon coming to an abrupt end, if a massive rally is triggered by a recent buy signal – a signal that has only appeared just three times on XRP weekly price charts since the bear market first began, and Ripple fell from over $3 per XRP token to current levels under a quarter.
Moonshot? TD9 Triggers Buy on Weekly XRP/USD Price Charts
XRP was among the top-performing cryptocurrencies of the altcoin boom during the crypto hype bubble of 2017, experiencing multiple, thousand percent suggest bringing the price of the number three cryptocurrency to an all-time high of $3.84 per token.
Related Reading | XRP Kicks Off Another Year Of Decline With Potential Bear Pennant Breakdown
Following the high on weekly XRP/USD price charts, a sell signal was triggered using the TD9 Sequential indicator created by market analyst Tom Demark. The sell signal saw XRP price fall from the all-time high to just 45 cents within two months – a staggering 88% drop.
Now, just over two years later, that same signal on weekly timeframes has flipped buy. The chart below demonstrates that the same signal triggered two other times during the last two years of downtrend, and while each did produce a short-lived rally, downtrend resistance proved to be too much and a retracement occurred.
But the third time could be a charm, especially after two years of selloff. At this point, sellers could be exhausted, and an uptrend could form from here, especially with XRP/USD price charts on weekly timeframes exhibiting the important buy signal.
XRP/BTC Sequence Reaches 8, Ready for Liftoff With Next Weekly Candle?
The TD9 Sequential indicator was designed by Thomas Demark to follow a unique sequence before a signal is triggered. The sequence is a series of nine candles, with price action higher or lower than the initial 1 candlestick.
Adding more credence to the theory that the third-largest cryptocurrency is ready for a massive breakout against the US dollar, XRP/BTC weekly price charts are currently on candle 8 of a 9-candle sequence.
Related Reading | Ethereum, XRP Set For More Devastation According to BTC Dominance
After the next weekly close, unless Ripple already breaks out before then and goes on a powerful rally, XRP/BTC will trigger a 9 “buy” signal on weekly timeframes. If it breaks out against USD first, while the signal won’t trigger, there won’t be a need as Ripple will likely already have lifted off to the moon once again.
Featured image from Shutterstock, Charts from TradingView The post appeared first on NewsBTC. origin »
Bitcoin, the pioneer and once undisputed king among cryptocurrencies, is grappling with market uncertainties and price fluctuations. While it remains a significant player and among the best DeFi coins, the crypto landscape is witnessing a surge in alternative digital currencies, each bringing unique propositions.
Coinspeaker CME Group Is Launching Its Bitcoin Options amid High Anticipation in the MarketExperts note high anticipation among market participants for the launch of CME Group Bitcoin options trading.
The cryptocurrency market continues the period of the sideline. At the same time, there is some revival. Among liquid cryptocurrencies there is an increase in activity.
With the regulatory pressure and the uneasy sentiment surrounding disruptive financial technologies among average citizens in western countries, Asia is looking to lead the charge into the new digitalThe post APAC Exchanges continue to dominate Futures, Options market appeared first on AMBCrypto.
The upcoming Bitcoin reward halving is a much-anticipated and talked about events in the cryptocurrency space. The market is currently divided among those who believe it to be a bullish event for Bitcoin price because of the supply shock and those who see as a non-event.
XRP was not among the gainers as the cryptocurrency market attracted capital of up to $12 billion in a day. The Ripple blockchain’s native asset slumped by up to 2. 19 percent on Monday to establish an intraday low of $0.
The cryptocurrency market is booming, and we cannot ignore the fact that there are over 850 different alternative cryptocurrencies in the market today. Every day, a new crypto-coin is being introduced in this space and it is difficult to predict which among them could actually leave a good impression in the coming future.
The blockchain project Lightcurve has made the decision to lay off 40 percent of its employees in order to enable moving forward in the market. It is worth mentioning that Lightcurve is part of the open-source platform Lisk, which is powered by a cryptocurrency called LSK and is among the top 100 largest cryptos in […]
After the President of the ECB Christine Lagarde recognized the demand for stablecoins, market players started commented on her words. Tuur Demeester is among the first!
Despite the massive downturn in the cryptocurrency market, some of the native utility tokens from the top exchanges in the world were able to keep most of the gains they made over the past year. Exchange tokens outperformed the rest of the market During the first half of the year, most of the cryptocurrencies in […]
The post OKEx ranks first in terms of YTD returns among all exchange tokens appeared first on CryptoSlate.
SEBA Bank AG, a Swiss-based, lender licensed by the nation’s Financial Market Supervisory Authority (FINMA) to offer a range of traditional banking services as well as cryptoassets products to its clients, has now expanded its operations to nine new jurisdictions including Italy, Germany, and Singapore, among others, according to reports on December 12, 2019.
The Tezos (XTZ) rally may end up putting the coin among the top 10 based on market capitalization. XTZ is closing in on Stellar (XLM), possibly achieving a “flippening”. Tezos Project Gains Popularity The XTZ market price awakened in the past weeks, boosting the expectations for future appreciation.
The crypto space in South Korea is among the most vibrant amongst today’s FinTech aggressive nations. This market accounts for nearly a fifth of the total crypto transactions globally despite the tough stance by authorities on cryptocurrency activities.
Futures trading is one of the common trading activities in traditional financial markets, and it is no different when it comes to the cryptocurrency world as well. Currently, there are plenty of platforms that offer cryptocurrency futures trading options, and the leader among them by a huge margin is OKEx, which has managed to gain.
This tech startup based in California is among those eyeing to tap into the market share currently dominated by oldies in financial services. However, this may be an uphill task given a tech giant like Facebook is yet to get any regulatory approval to launch the Libra crypto project. California Based Stock and Crypto Exchange, […]
Altcoins like Ripple, Stellar, Tron, and Cardano are all among the worst-performing major crypto assets year-to-date, during a year when the rest of the crypto market including Bitcoin made up for lost ground.
The cryptocurrency market is under heavy downside pressure on Tuesday after Bitcoin broke through major technical support during Monday’s U. S. trading session. Ethereum, XRP, Litecoin are mostly following Bitcoin, while Binance Coin, Bitcoin Cash, EOS, Bitcoin SV, and TRON are among the worst affected top-10 coins.
CoinDeal, a Maltese cryptocurrency exchange, rolled out in thirteen states in the US market. The company, now been registered with FinCEN, will be allowed to serve traders in 13 states, including Texas, Illinois, New Jersey, Wyoming, Indiana, among others.
Ripple’s XRP not only failed to rally during the highly anticipated Swell conference this year, but actually sank by 16% shortly after. But can the price recover, or will see the asset slump even further? XRP Eyes $0.
Bitcoin has been going through tough times after its market price was recorded to be around $8,720, at press time. However, the largest cryptocurrency's liquidity has not taken a hit on BitMEX exchangThe post Bitcoin: BitMEX emerges as most liquid among perpetual contract exchanges appeared first on AMBCrypto.
The altcoin known as Stellar (XLM) has been among the top ten list of crypto assets by market cap for some time, but has been among the least hyped of the bunch since the bear market first began in 2018.
Bakkt’s steadily increasing Bitcoin futures volume is a positive indicator of its growing acceptance among the broader investment community. Here are the figures since launch. Increased usage of the Bakkt physically delivered futures contract is bullish for the BTC/USD pair and overall market sentiment.
A relatively unknown Chinese education and porcelain firm is facing investigation by a Chinese regulator. The investigation was ordered when the firm’s blockchain stock surprisingly became among the most desired on the market last week.
Apple and Microsoft’s trillion-dollar market capitalizations value them higher than the entire German stock market. Renewed fears of a ‘tech bubble’ are growing among Wall Street analysts.
Brave teams up with blockchain-based encyclopedia Everipedia. Brave’s active users are skyrocketing. The market value of Basic Attention Token (BAT) may retrace before it continues rising. Privacy web browser Brave announced a co-marketing agreement with the world’s largest blockchain-based encyclopedia, Everipedia, to boost the company’s brand awareness among its userbase.
Binance has silently launched Russian ruble trading on Oct. 30, Binance CEO announced, noting that Russia is among the top 10 markets for the online trading platform
The pharmaceutical industry is one of the world’s few (almost) trillion-dollar verticals, worth more than $900 billion annually, according to a recent report from the Business Research Company, and growing steadily.
Mining rig manufacturer Canaan has filed for an IPO with the U. S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China.
“Liquid has consistently maintained the top spot in terms of trade count over the last three months for its BTC-JPY market,” stated the latest CryptoCompare research. Among the top fiat-to-crypto exchanges, Liquid had the largest average daily trade count with 575k trades combined with a low average trade size of 0.
Bitcoin and cryptocurrencies, in general, continue to thrive in South Africa even as such interest comes with a multitude of scams and fraudulent investment schemes. The country even ranks second in the world for bitcoin searches according to Google Trends.
BlockFi has revealed the current state of crypto interest among institutional investors. They found that while interest was healthy and growing, it pales in comparison to the segment of the market that was not interested, or in the consideration stage.
Cryptocurrency exchange Binance surprised analysts this week after its Bitcoin futures set an unlikely trading record. Binance Bucks Negative Market Mood According to data from market analyst Skew on October 15, Binance’s BTCUSD product traded over $700 million on Tuesday alone.
It’s official – Satoshi, the smallest divisible unit of bitcoin, is now an English word. While it has been used for years among the crypto community, the Oxford English Dictionary (OED) added the term earlier this month.
Another day of inactivity and consolidation for Bitcoin has kept the king of crypto just above support. Its lethargy has resulted in another dip in market share as a few of the altcoins start to make bigger moves.
We all know there are plenty of whales out there with the power to move the market. But who are the biggest Bitcoin HODLers among them? Exchanges Are the Biggest Bitcoin HODLers It will probably come as no surprise to hear that exchanges are the biggest Bitcoin HODLers.
Tim Draper-backed Tezos is among one of the best performing cryptos in terms of market cap for 2019. However, this growth is yet to trigger a similar increase in the usage of the smart contract platform.
The suit claims that Bitfinex and Tether umbrella company iFinex engaged in market manipulation, among other accusations.
The post Bitfinex, Tether Subject to Trillion Dollar Class Action Lawsuit appeared first on Bitcoin Magazine.
Changelly, a non-custodial instant cryptocurrency exchange, is launching its first iOS mobile app a few days after the new Android mobile app version was launched with fixed-rate exchanges and 0. 25% fees, which are among the lowest on the market.
General Market Movements and Sentiment Shift The downfall of altcoins that were mainstream media darlings at the start of the year, DOGE among them, can be attributed, in part, to novice investors getting scared off once the bear market kicked in with a vengeance.
One of the most popular technical indexes among traders suggests that some of the top altcoins by market capitalization—including Ethereum, Litecoin, Binance Coin, Cardano, Monero, Dash, and Ontology—are on the cusp of high volatility.
Looking back at 2017 when the bull run of Bitcoin and altcoins was all the rage, ICOs were legitimately recognized as a gold mine for raising millions for crypto-tokens. The staggering growth of virtual assets turned multiple heads in the market, with the allure of ICOs running wild among investors.
XLM is still among the top 10 coins by market cap, sitting right on the edge of this ranking at position number 10 with a market capitalization of $1. 191 billion. Measured in sats, XLM is at 717 satoshis which corresponds to $0.
Major economies are rushing to rein in the cryptocurrency industry through regulation amidst bullish market conditions which have once again sparked investors’ interest. Germany and France are among the latest…
The post How Increased Crypto Regulation Will Affect the Industry appeared first on CoinCentral.
With Bitcoin price collapsing after a powerful parabolic rally, large-cap altcoins such as Ethereum, XRP, Litecoin, and others may finally have their time to shine. If the assets among the top ten cryptocurrencies by market cap are able to hold support at current levels, they may be ready for as much as a 20% breakout.
Overall market has shown some signs of life and made a nice rebound from the local bottoms it touched last week. Market cap is now at $224 billions and is about to hit confluence point of its moving averages that will act as its first resistance level on the way to recovery.
IPO stock prices for Peloton Interactive are looking as stationary as its high tech stationary bicycles. The New York City-based luxury exercise company’s stock slid 6. 9% from its IPO price right out the gate.
Quick take: XRP’s price briefly tested $0. 20 as a result of the crypto market resurgence. If this momentum is maintained, it could reclaim $0. 25 and turn it into support based on the 3 Day XRP/USD chart.
XRP is the talk of the crypto space today, after rallying over 7% in a matter of minutes towards a high of 27 cents per XRP token. The surge is the result of a breakout on both the XRP/USD and XRP/BTC trading pairs, indicating that Ripple will so rally against the dollar and Bitcoin itself.... The post appeared first on NewsBTC.
While most of the crypto markets have experienced a massive price rally, with Bitcoin only lagging slightly behind following its weekend leap, XRP has been one of the highest gainers on the day. After struggling.
A substantial Ripple rally fizzled as the asset’s value fell as much as 12% from its weekly high. The XRP-to-USD exchange rate (XRP/USD) dropped to an intraday low at 0. 3003 this Friday. Earlier yesterday, the pair had established a new weekly high at 0.
R3, an enterprise blockchain software firm, launched Corda Settler, an application that settles international payments within a corporate network – and it supports XRP. The open-source application comes as a part of a bigger CorDapp package.
After it appeared as though a few early signs of recovery were beginning to set in for Bitcoin, the price of the premier crypto asset once again plunged below the $4,000 mark early today morning (after having scaled back to a somewhat respectable price point of around $4,300).