Thursday, October 1, 2020
No menu items!
  • News
  • XRP News
  • Contact Us
More

    Analyst: XRP Just Printed Its Second Positive Signal. Can the Bulls Rejoice Now?

    Must Read

    Chainalysis and Integra FEC Are Awarded $625,000 by IRS for Cracking Monero (XMR) Privacy

    According to a report credited to Cointelegraph, the blockchain analytics firm Chainalysis and a Texas-based firm, Integra FEC, have...

    Eligibility of David Schwartz to Free Spark Tokens Questioned: Ripple CTO and Flare Clear the Air

    The snapshot of XRP Ledger for the widely publicized Spark tokens is slated for 12th December 2020. About 1.5...

    Early XRP Bull Who Benefitted from 50,000% Rally Speaks On How to Spot Parabolic Runs Before They Occur

    A popular XRP investor, who has been part of the crypto community since 2012 and has been bullish about...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    A popular cryptocurrency analyst, Youtuber, and asset trader, Credible Crypto, opined that the recent recovery rally in the crypto market has given room for Ripple’s XRP long-term chart to print its second positive signal.

    A couple of hours ago, Credible Crypto captioned a chart in a tweet, depicting that the digital token XRP reclaimed a multi-year trendline over the past week.

    He averred that this came about after bouncing off a downtrend line from the price all-time high, where the digital currency was rejected for about four consecutive times.

    The fact that it managed to make this breakout, the trader wrote, is a notable signal that the “bottom is in”. He added that this scenario convinced him to buy more XRP as he awaits an upside trend in the coming months.

    Credible Crypto shared this, “Do not underestimate the significance of this TL from ATH. We had a false breakout as the dump on BTC brought the rest of the market down with it but the ATH downtrend line has been reclaimed. I re-iterate my belief that the bottom is in. Long from .176 and adding on dips. $XRP.”

    The observation of this technical analysis shared by Credible Crypto came moments after he noted that XRP was in the midst of printing a textbook diamond pattern, which he clarified as the sign of a forthcoming bottom.

    However, the trader further added that it may take some time for the diamond bottom to surface, considering the formation occurring on a long-time frame chart.

    Can the Bulls Rejoice Now? Some other cryptocurrency analysts see this from a different perspective, as they intensified that it’s too early for altcoins’ investors to rejoice.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Chainalysis and Integra FEC Are Awarded $625,000 by IRS for Cracking Monero (XMR) Privacy

    According to a report credited to Cointelegraph, the blockchain analytics firm Chainalysis and a Texas-based firm, Integra FEC, have...

    Eligibility of David Schwartz to Free Spark Tokens Questioned: Ripple CTO and Flare Clear the Air

    The snapshot of XRP Ledger for the widely publicized Spark tokens is slated for 12th December 2020. About 1.5 billion XRP from over 20,000...

    Early XRP Bull Who Benefitted from 50,000% Rally Speaks On How to Spot Parabolic Runs Before They Occur

    A popular XRP investor, who has been part of the crypto community since 2012 and has been bullish about the bankers’ digital token from...

    IOTA Implements Mana to Defend Against Sybil Attacks

    IOTA Foundation has implemented Mana, a new reputation system that is integrated into pollen, to defend against Sybil attacks. A blog post that explains...

    Cardano (ADA) You Keep On Crypto Exchanges Don’t Belong To You –User Buttresses His Viewpoint

    A supposed Cardano investor has recently averred that any ADA holder that chose to keep his/her holdings on cryptocurrency exchanges has little control over...

    More Articles Like This