• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
xrp bitcoin ethereum crypto altcoin performance

Underdog Story: Why XRP Could Soon Outperform Bitcoin And Ethereum

Tony "The Bull" by Tony "The Bull"
3 years ago
in Cryptocurrency news, Ripple, Technical analysis
Reading Time: 3 mins read
Advertisement

XRP has become among the more somber stories of the crypto market since the bubble burst. The once third-ranked asset has fallen down the list of top crypto assets, due to nearly three years of underperformance compared to the rest of the market.

However, that underperformance could turn into an underdog story, where Ripple roars past Bitcoin and Ethereum and beats the rest of the crypto space. Here’s what technicals are possibly saying about a powerful new XRP uptrend.

XRP Led Last Crypto Rally To All-Time Highs

Back in late 2017 and early 2018, Bitcoin peaked at $20,000, Ethereum at over $1,400, and Ripple at over $3.80 per token. Then they call came toppling down and spent ever since in a bear market.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Related Reading | XRP’s 30% Decline Falls To Bottom Of Cloud, Stormy Days Ahead If Support Fails

But did you know that it was XRP that led the initial charge in early 2017, and helped carry both Ethereum and Bitcoin higher?

xrp btc eth ripple bitcoin ethereum td

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Ripple Versus Bitcoin And Ethereum Comparison Line Chart | Source: TradingView

Looking back to March 2017, its quite clear that XRP rallied first and by the furthest, before Ethereum followed and later Bitcoin caught up to the altcoins pumping. The altcoin known as Ripple then began trading sideways for months, and eventually, Ethereum and Bitcoin stole the show and have been outperforming XRP since.

But all that could soon change, and just like last time, Ripple could soon surge and send the crypto market into a tailspin and lead the charge into the next bull market.

Ripple To Rip Past Bitcoin and Ethereum Leading Greater Market Recovery

The cryptocurrency total market cap was up over 80% year to date at the 2020 high, but has since taken a breather after an especially hot summer. At the start of the breakout in July, XRP beat out other altcoins and the top-ranked cryptocurrency in week-over-week performance.

Once again, things have since cooled off for Ripple, but it could be the calm before the storm. XRPBTC and XRPETH price charts both are potentially signaling a repeat fo Ripple leading the way for the crypto market.

xrp btc eth ripple bitcoin ethereum rsi

XRPBTC & XRPETH Weekly Relative Strength Index | Source: TradingView

Along with a massive falling wedge pattern on both pairing’s price charts, there are also several bullish divergences. Each low put in was also characterized by a wick below the trendline to shake out traders before the actual move takes place.

Related Reading | Soaring Ethereum Fees Could Cause A Gloomy Future For The Altcoin

Zooming out further to monthly timeframes, each has triggered a TD 9 or 13 buy signal at the bottom of what has been an extended downtrend against the two top assets in the space.

xrp btc eth ripple bitcoin ethereum td

XRPBTC & XRPETH Monthly TD Sequential Indicator | Source: TradingView

With all of these technicals pointing to an XRP breakout against both Bitcoin and Ethereum, and past evidence showing that Ripple was the first to pump, a major rally in crypto could soon be here.

Tags: altcoincryptoethereumethxrpRipplexrpXRPBTCxrpethXRPUSDxrpusdt
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Tony "The Bull"

Tony "The Bull"

Tony "The Bull" is a level 3 CMT student (passed level 1 & 2), technical analyst, Bitcoin supporter, and avid speculator. Tony is deeply fascinated by core market principles such as Elliott Wave Theory as they tie into mathematics like Fibonacci ratios. Market timing though DeMark indicators, Ichimoku, Gann tools, or Hurst Cycle Theory are also of key interest. Tony provides completely original content driven by exclusive, independent research. For more insights and education from Tony, check him out on Twitter or in his free TonyTradesBTC Telegram channel. Follow @TonyTheBull on Twitter and search CoinChartist on YouTube.

Related Posts

Euler

Euler (EUL) Up 25% As Hacker Returns 51,000 ETH From Stolen Loot

6 hours ago
Pooky, The NFT Football Prediction Game That Pays, Launches Today

Pooky, The NFT Football Prediction Game That Pays, Launches Today

1 day ago
Bitcoin

Bitcoin Price Action Mirrors Q1 2021, Volatility Ahead?

2 days ago
XRP

XRP Might Target $0.50 If It Continues To Trade Above This Level

2 days ago
Ethereum (ETH) number of addresses surges

Number Of Ethereum Addresses In Profit Hits 10-Month High As ETH Continues Rally

2 days ago
Bitcoin

Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?

2 days ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Bashar DAO Launches BASHAR Token: For the Betterment of the Arab Region

March 26, 2023

Futures of metaverse tokens like The Sandbox (SAND), and Decentraland (MANA) are very blurry, while Defi Giant RenQ Finance (RENQ) remains the hottest crypto of 2023

March 26, 2023

TMS Network (TMSN) Poised to Become the Next 1000x Token, Magic (MAGIC) Down 8.38%, and Binance (BNB) among the few Cryptos with an Exciting Future

March 26, 2023

ShibaLauncher: First Community Driven Launchpad on Shibarium Opens Token Pre Sale To SHIB Holders

March 25, 2023

As the competition in the derivatives market heats up, BitMake is poised to stand out

March 25, 2023

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.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 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.