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Home Cryptocurrency news Ripple

Underdog Story: Why XRP Could Soon Outperform Bitcoin And Ethereum

Tony Spilotro by Tony Spilotro
7 months ago
in Ripple, Cryptocurrency news, Technical analysis
Reading Time: 3min read
xrp bitcoin ethereum crypto altcoin performance

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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.

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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

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
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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 and feel free to drop me a line if you would like to work together.

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