ICOCalendar.Today

  • ICO Directory đź“–
  • ICT Token 🔥
  • Blockchain News đź—ž
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project đź’Ł
  • Submit Press Release 👍
  • ICO Directory đź“–
  • ICT Token 🔥
  • Blockchain News đź—ž
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project đź’Ł
  • Submit Press Release 👍

XRP Fractal Evokes Flashback of Crypto Bubble Bitcoin Outperformance

8/9/2020

Comments

 

XRP over the last month had some of the strongest week over week performance in the space. The third-ranked altcoin rallied by as much as 45% in one week, outperforming the rest of the entire crypto market.

The asset often referred to as Ripple beating all other altcoins is the perfect underdog story after spending two years as the worst-performing crypto asset bar none. However, according to a potential fractal matching the 2017 crypto bubble, XRP may be about to go on a shocking rally that outperforms Bitcoin by a wide margin.

Ripple’s Recent Recovery Takes Pause, But May Have More To Rally

Bitcoin is booming once again after breaking through resistance at $10,000 and reigniting FOMO across crypto.

After the critical level was taken, the rest of the market followed with major altcoins like Ethereum, XRP, and Chainlink beating out Bitcoin’s returns substantially

Related Reading | Short-Term XRP Target At 40 Cents, What Ripple’s Long Road To Recovery Looks Like

Ethereum started the altcoin run, which later helped Chainlink set yet another new price record. XRP in the week following had an over 45% climb in just one week alone, taking the total recovery from the Black Thursday bottom to the current top to over 200%.

Aside from that one week, Ethereum and Chainlink ROI has been much higher. However, a fractal in Ripple could have the asset playing catch up, or potentially outperforming the market again.

xrpbtc fractal ripple bitcoin

XRPBTC 2020 Fractal | Source: TradingView

XRP Fractal Forewarns of Repeat Blast Off Against Bitcoin

A fractal discovered may be a forewarning of an incredible explosion in XRP against Bitcoin.

The fractal, playing out on the XRPBTC trading pair, very closely resembles the price action from the previous bottom in 2017, ahead of Ripple’s 2300% surge against the number one cryptocurrency.

xrpbtc fractal ripple bitcoin

XRPBTC 2017 Fractal | Source: TradingView

This rally eventually took XRP all the way to 24,000 satoshis, and an all-time high price in USD of $3.84 per token.

Related Reading | Why XRP’s Waning Momentum May Be The Calm Before The Storm Surge

Price action is taking place slightly higher than last time around and Bitcoin is trading at a different price in USD. Due to these variations and factors, this fractal may yield different results during this new cycle.

xrpbtc fractal ripple bitcoin

XRPBTC 2017 and 2020 Fractal Compared | Source: TradingView

If it matches, it could take XRPBTC to a new all-time high of 28000 satoshis. What that price ends up being in USD depends on what price Bitcoin is trading at at the time.

For now, visually, the similarities are enough to call for crypto holders to pay closer attention to the altcoin. After such an extended phase of underperformance again the rest of the market, sudden over performance leading to a long term recovery is possible.

A short-term recovery is already underway, and if Ripple follows this same fractal, things could get explosive in the weeks ahead.



Via https://www.newsbtc.com/2020/08/09/xrp-fractal-evokes-flashback-of-crypto-bubble-bitcoin-outperformance/
Comments

    Blockchain News

    Leading global blockchain news provider. A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography.
    BLOCKCHAIN NEWS

    Archives

    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    November 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017

    RSS Feed

​About

  • About us​
  • ICT Token
  • News​​
  • Testimonies
  • Terms of Service​​
  • ​​We on Google News​ 🤑
  • ​We in the media
  • ​Partners

Let's connect!

News Feeds

  • Blockchain News
  • Jobs Board 👨‍🎓
  • Bitcoin News
  • Ethereum News
  • Binance News
  • ​Tron News
  • Cardano News
  • EOS News
  • Tezos News
  • Stock Markets
  • COVID-19 News
  • Crypto News
  • Chainlink News
  • Litecoin News
  • Dash News
  • Monero News
  • ETC News
  • NEO News
  • Maker News
  • DeFi News
  • ZCash News
  • Algorand News
© 2017-2020 ICOCalendar.Today. All Rights Reserved.