RATE Group | Ripple’s (XRP) Price Just Printed This Long-Term Bull Signal
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Ripple’s (XRP) Price Just Printed This Long-Term Bull Signal

13 Jan Ripple’s (XRP) Price Just Printed This Long-Term Bull Signal

Posted at 12:40h in Cryptocurrency News by

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XRP really didn’t have the best of years in 2019. The third-largest cryptocurrency by market capitalization fell by 50% against the U.S. dollar and even more against Bitcoin (BTC), losing half of its value in 12 months while BTC gained 95% within that same time period.

Despite this decisively bearish price action, the weekly chart of XRP, the second-largest altcoin, just printed an extremely bullish signal after weeks upon weeks of a downtrend.

Although it may not be a decisive sign of a macro reversal to a parabolic uptrend, it is a positive sign for investors in the cryptocurrency.

XRP Price Prints Key Bullish Signal

According to a Telegram channel tracking the Tom Demark Sequential, better known as the TD Sequential indicator, the XRP against the U.S. dollar chart just printed a “buy 9” candle after months upon months of falling prices.

As an aside: the TD Sequential is a time-based indicator created by a special advisor to Point 72 Asset…

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