NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ripple’s XRP Just Reclaimed a Multi-Year Trendline: Why This is Crucial for Bulls

Nick Chong
Nick Chong
5 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

With Ripple’s XRP actually holding the title of one of the worst-performing crypto-assets of the year thus far, it may be hard to be bullish on it. Despite it being the third-largest cryptocurrency, the recent volatility hasn’t been kind to XRP’s price action, with it underperforming Bitcoin Cash, Litecoin, Monero, Stellar, and many others in Q1 of 2020, Messari says.

But, according to a popular crypto trader, the bearish trend is likely to reverse in the near future.

Related Reading: Ethereum Firm Launches Controversial Product, and the Crypto Community Isn’t Pleased

XRP Just Printed Its Second Positive Signal: Analyst

According to Credible Crypto, an asset trader and a Youtuber, the recent recovery rally in the cryptocurrency market has allowed XRP’s long-term chart to print a rather positive sign:

The trader posted the below chart on April 16th, depicting that XRP has decisively reclaimed a multi-year trendline over the past week, managing to bounce off a downtrend from the all-time high that the cryptocurrency was rejected by four times, but has since reclaimed.

It managing to make this breakout, Credible wrote, is a sign that the “bottom is in,” adding that he’s so certain about this he has added to his XRP positions as he awaits upside in the coming months.

Credible Crypto’s sharing of this technical analysis observation comes shortly after he noted that the asset was in the midst of printing a textbook diamond pattern, which he claims is a sign of an imminent bottom.

Per previous reports from NewsBTC, his charts outlining the analysis indicated that if the diamond plays out, both XRP and Bitcoin will rally by 100% in the coming months as we head into, then pass the 2020 halving.

As Credible Crypto added, that it may take “some time” for the diamond bottom to actually pan out due to the formation occurring on a long-time frame chart, the one-day.

Too Early to Be Bullish?

Others, however, have said it is too soon for investors in the altcoin to get their hopes up.

Per previous reports from NewsBTC, the same trader who called that XRP would hit $0.13 months in advance said the cryptocurrency remains in the midst of an Elliot Wave correction, which will likely see the cryptocurrency fall towards $0.08-0.09, then continue lower to $0.05-0.06 to establish a long-term bottom in the middle of 2020.

There’s also a sentiment from a popular crypto technician that XRP is macro bearish. He shared the chart seen below to convey this point, specifically highlighting the “double rejection” at key horizontal support regions and the fact that the asset is entering a region where there is little historical liquidity. On the chart, he said:

“This is probably one of the scariest charts I’ve ever seen. I wouldn’t want to be bagholding this.”

Photo by Paweł Czerwiński on Unsplash
Tweet123Share220ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

XRP Dominance Prepares To Shatter Fib 0.5 After 4 Historic Rejections

“Men lie, women lie, but charts and numbers do not lie,” EGRAG CRYPTO stated in a recent post on X,...

Godspower Owie 1 day ago
XRP

Daily Timeframe Says XRP Price Is On The Verge Of Breakout

The XRP price could be preparing for its biggest rally yet, as a crypto analyst now points to a potential...

Scott Matherson 1 day ago
XRP

XRP Price Enters Perfect Setup After Buy Retest – Next Stop $3.7

The XRP price is reportedly positioning for a potential breakout as it forms a textbook Falling Wedge pattern, which a...

Scott Matherson 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP

XRP Price Still On Track For $1.5T Market Cap And 27% Crypto Market Dominance

Scott Matherson 3 hours ago
XRP

Ripple Plans To Take 14% Of SWIFT Volume, USDC Lands On XRPL – What Does This Mean For XRP Price?

Scott Matherson 7 hours ago
XRP Bitcoin price analysis news

XRP Has A 70% Shot To Beat Bitcoin, Says Analyst

Jake Simmons 21 hours ago

Premium Sponsors

Top Brands

Press Releases

  • ETHRANSACTION Cloud Mining Will Help You Earn $0 to...

    11 hours ago
  • アルトコイン急落時に注目すべき買いのチャンス|BNB・XRP・SOL・新ミームコインも登場

    ...

    14 hours ago
  • ソラナ基盤の注目プリセールが4,900万ドル調達、仮想通貨投資家にとってローンチ前の最後の購入チャンス

    ...

    14 hours ago
  • ドイツ企業が初のビットコイン準備資産化|今後仮想通貨1000倍が狙える注目の3銘柄

    ...

    14 hours ago
  • ico仮想通貨で再挑戦|900Kドルを集めた新プロジェクトが次の波に?

    ...

    15 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.