RATE Group | Last Time Bitcoin Flashed This Signal, It Rallied 180%. Now It’s XRP’s Turn
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Last Time Bitcoin Flashed This Signal, It Rallied 180%. Now It’s XRP’s Turn

25 Feb Last Time Bitcoin Flashed This Signal, It Rallied 180%. Now It’s XRP’s Turn

Posted at 02:36h in Bitcoin News by

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Over the past few days, the crypto market as a whole has not fared too well. XRP, especially, has suffered greatly.

Indeed, the third-largest cryptocurrency, which was trading at multi-month highs just a few weeks ago, has plunged from a price just north of $0.34 to as low as $0.264 today — a crash of nearly 23%. This means that over the past few days, XRP has underperformed Bitcoin, which posted a relatively mild 9% loss in the same time period.

Related Reading: Investor Put $1k In Top 10 Crypto Assets to Start 2020. Here’s How It’s Going Now

Despite this dramatic underperformance, which some fear is a sign of the asset’s long-term weakness, the chart of the leading altcoin just printed an extremely strong sign.

Ripple’s XRP Prints Extremely Strong Signal

Today, NewsBTC observed that XRP printed an extremely bullish signal: on its daily chart against the U.S. dollar, the 50-day simple moving average (red line) crossed above the 200-day simple moving average (green line) for…

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