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XRP Up-Move To Leave Bitcoin And Tether Traders “Sidelined”

Tony Spilotro by Tony Spilotro
2 years ago
in Ripple
Reading Time: 3 mins read
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XRP continues to lag behind the rest of the crypto market, including Bitcoin and Ethereum. It has resulted in the altcoin losing the third-ranked spot to the stablecoin Tether.

But all that’s soon going to change, according to one crypto analyst, who says Ripple will soon leave the rest of the crypto market sidelined as they look on in awe.

Ripple Readies First Higher High Since Crypto Bubble Popped

Few altcoins have suffered as badly as XRP. Whether it truly is executives and early pioneers associated with the project’s constant selling keeping prices down, or something else, Ripple has been a clear underperformer for years now.

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While other crypto assets have experienced at least some ebb and flow, Ripple has mostly been flowing downward, deeper and deeper into a downtrend.

Related Reading | Crypto Analyst Pitches a Case For XRP to Hit $30 By End of 2021

By definition, a downtrend is a series of lower lows and lower highs, something that XRP holders know far too well. But according to a pseudonymous crypto trader, the altcoin created by Ripple could soon leave the rest of the crypto market, Bitcoin and Tether included, sidelined.

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And it all begins with the first projected higher high, and an attempt at reclaiming 2017 resistance, which also would form a right shoulder on an inverse head and shoulders reversal pattern.

xrp ripple bitcoin tether

XRPUSDT Daily First Projected Higher High | Source: TradingView

Bitcoin Pair Positions XRP For Major Market Overperformance, Targets Tether’s Third-Rank

XRP blasting off while Tether stays sidelined isn’t all that shocking given the stablecoin’s value rarely fluctuates, but Ripple giving Bitcoin a beating is rare.

Ripple has spent the last three years in free fall against the first-ever cryptocurrency, but that might all change soon according to the XRPBTC trading pair. This chart looks just as bullish and has reclaimed a key support level according to the chart shared by a crypto analyst.

xrp ripple bitcoin tether

XRPBTC Resistance/Support Reclaim and Inverse Head And Shoulders Pattern | Source: TradingView

A similar triple bottom pattern resembling an inverse head and shoulders is also breaking upward suggesting the USD pair could soon follow. If this happens, XRP could trend higher and leave Bitcoin and the rest of the crypto market in its dust.

Related Reading | Underdog Story: Why XRP Could Soon Outperform Bitcoin And Ethereum

XRP has spent the last two or more years lagging behind the rest of the space, while the likes of Ethereum and Chainlink run amok. If the altcoin has a breakout as it has in the past, not only could it target retaking Tether’s third-rank, it could take a shot at Ethereum’s number two spot once again.

Featured image from DepositPhotos, Charts from TradingView
Tags: bitcoincryptoRippletetherUSDTxrpXRPBTCXRPUSDxrpusdt
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

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