{"id":415980,"date":"2020-02-25T17:00:32","date_gmt":"2020-02-25T17:00:32","guid":{"rendered":"https:\/\/uniquehot.com\/?p=415980"},"modified":"2020-02-25T16:46:28","modified_gmt":"2020-02-25T16:46:28","slug":"xrp-triggers-major-buy-signal-as-crypto-asset-reaches-pivot-point","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/xrp-triggers-major-buy-signal-as-crypto-asset-reaches-pivot-point\/","title":{"rendered":"XRP Triggers Major Buy Signal As Crypto Asset Reaches Pivot Point"},"content":{"rendered":"

XRP<\/a>, the native crypto to the Ripple protocol, just flashed a major buy signal, just as the altcoin reaches a major pivot point.<\/span><\/p>\n

Could this be the start of a monstrous rally that will cause shock and awe throughout the crypto market?<\/span><\/p>\n

XRP\/BTC Triggers Buy on TD9 Sequential<\/h2>\n
Although XRP<\/a> has held its position as the number three crypto by market cap with relative ease, following behind only Ethereum and Bitcoin, it has been one of the worst-performing altcoins in the top ten cryptocurrencies by market cap over the last two years running.<\/span><\/p>\n
XRP was one of the few altcoins that set a new bear market bottom in 2019<\/a>, and had some of the poorest year-to-date performance in the last year.<\/span><\/p>\n
Related Reading | Multi-Month Bull Signal on XRP Hints At Astronomical Alt Season Gains\u00a0<\/a><\/strong><\/em><\/p>\n
But this year, the altcoin reached as much as over 80% returns<\/a> from the start of the year. However, a recent correction cut that rally by half already.<\/span><\/p>\n
After reaching a high of 34 cents, XRP has fallen back to a low of 25 cents, where it is currently finding support.<\/span><\/p>\n
The recent drop in the XRP\/USD trading pair also caused the altcoin to lose ground against Bitcoin<\/a> \u2013 dropping from 3300 sats to 2700 sats.<\/span><\/p>\n
But the drop also triggered a TD9 buy signal on the Thomas DeMark Sequential Indicator for the XRP\/BTC trading pair.<\/span><\/p>\n
$\"xrp$ <\/p>\n
The indicator is used to signal a buy or sell, depending on if certain conditions are met. <\/span><\/p>\n
Candlesticks must close in a specific sequence for the signal to trigger, or the count restarts until a successful trigger is confirmed.<\/span><\/p>\n
A 9-count on the TD 9 Sequential indicator has been significant in the past. <\/span><\/p>\n
It marked the start of the recent 2020 uptrend and was successfully used by the tool\u2019s creator, renowned marketing timing expert Thomas DeMark, to call Bitcoin’s tops and bottoms.<\/span><\/p>\n
The tool was used to famously predict the top of the 2017 crypto bubble, and even triggered buy, when Bitcoin<\/a> reached its bear market low of $3,100 in December 2018.<\/span><\/p>\n
With such accuracy, it could suggest that XRP is ready to moon<\/a>.<\/span><\/p>\n
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Pivot month for this guy… But if you don't want to make $$ that's ok! \ud83e\udd10 #CryptoIkagi<\/a> pic.twitter.com\/0iJznrAnPl<\/a><\/p>\n
— Joe Mitoshi \ud83e\uddd1\u200d\ud83d\ude80 (@CryptoSays) February 25, 2020<\/a><\/p><\/blockquote>\n