Saturday, August 2, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Technical Indicators Show XRP Is Slowly Gaining Strength Over Bitcoin

by firstcryptonews
October 10, 2019
in News
Technical Indicators Show XRP Is Slowly Gaining Strength Over Bitcoin

The past week has clearly shown which cryptocurrencies are recovering from the latest crash and which aren’t. Bitcoin is definitely struggling to see a convincing bounce and it’s only trading at $8170, still 19% down.

Bitcoin has experienced 2 lower drops after the initial crash touched $7800. Two days later, Bitcoin dropped lower at $7750 and then even lower down to $7710.

This wasn’t the case with Ripple’s (XRP) as the bulls have been able to hold the initial low of the crash. They have been in fact, able to set higher lows almost every day, creating a pretty strong uptrend.

According to the trading legend, Peter Brandt, this is not a coincidence and shows that XRP bottomed against Bitcoin. Peter simply tweeted a graph showing the daily chart of XRP/BTC and people quickly reacted to it.

In the graph, we can clearly see that XRP has created a really strong uptrend currently trading above both EMAs which have crossed bullish range weeks ago. This Bullish cross was really significant as we haven’t seen it in over 7 months.

On the weekly chart, XRP has been able to break above the 12-period EMA but it’s important to note that this doesn’t change the downtrend in any way. The bulls of XRP still need to set a higher low compared to 0.00002365 and then a higher high to confirm an uptrend.

Zooming out, even more, the monthly chart is certainly not very bullish, at all. The XRP/BTC pair has been in a downtrend since 2018 and these few recent bullish moves are clearly not going to change that. The volume is also not amazing and the RSI is not overextended.

The short-term does look pretty good for XRP but it’s definitely too early to call the recent bottom the final one as XRP bulls still need to prove themselves in a big way on the longer timeframes.

Related Posts

Atua AI Enhances Developer Customization With Scalable Node Orchestration

Atua AI Enhances Developer Customization With Scalable Node Orchestration

by firstcryptonews
August 1, 2025
0

Dynamic Node Management Empowers Smarter AI Deployments and Multichain Workflow Control Singapore, SG – Aug 01, 2025 – Atua AI...

TUA Deploys Responsive Compute Nodes for Cross-Chain AI Alignment

TUA Deploys Responsive Compute Nodes for Cross-Chain AI Alignment

by firstcryptonews
July 24, 2025
0

Atua AI Enhances Distributed Intelligence and Multichain Task Coordination With Dynamic Execution Nodes Singapore, SG – July 24, 2025 –...

Atua AI Refines Modular Control Systems to Improve AI Orchestration

Atua AI Refines Modular Control Systems to Improve AI Orchestration

by firstcryptonews
July 22, 2025
0

Smarter Task Management and Agent Coordination Streamline Intelligent Automation Across Web3 Networks Singapore, SG – July 22, 2025 – Atua...

Atua AI Enhances Microservice Intelligence to Support Complex Automations

Atua AI Enhances Microservice Intelligence to Support Complex Automations

by firstcryptonews
July 14, 2025
0

Smarter, Independent AI Services Now Enable Scalable and Context-Aware Automation Across Decentralized Systems Singapore, SG – July 14, 2025 –...

FurGPT Develops Feedback-Driven AI for Interactive Companion Customization

FurGPT Develops Feedback-Driven AI for Interactive Companion Customization

by firstcryptonews
July 14, 2025
0

New adaptive learning model personalizes pet behavior based on real-time sentiment and usage inputs across blockchain environments. London, UK –...

Imagen Network (IMAGE) Taps Grok AI to Drive Scalable Personalization Across Decentralized Social Systems

Imagen Network (IMAGE) Taps Grok AI to Drive Scalable Personalization Across Decentralized Social Systems

by firstcryptonews
July 14, 2025
0

Integration of Grok’s advanced intelligence model powers adaptive content, curated feeds, and smart node experiences across multichain platforms. Singapore, SG...

Next Post
ADA Could Be Set For An Impressive Surge As Cardano Sees Positive Bounce

ADA Could Be Set For An Impressive Surge As Cardano Sees Positive Bounce

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

ETHRANSACTION smart cloud mining platform Officially Launches, Poised to Lead Global Cloud Mining Market

ETHRANSACTION smart cloud mining platform Officially Launches, Poised to Lead Global Cloud Mining Market

2 months ago
Virtual Land Ownership: A Land Rush for the Digital Age

Virtual Land Ownership: A Land Rush for the Digital Age

4 years ago
EMADATA Announces Launch of New Token on November 1st

EMADATA Announces Launch of New Token on November 1st

9 months ago
Atua AI (TUA) Developer to Secure $180M in TRUMP Memecoin for Development Strategy

Atua AI (TUA) Developer to Secure $180M in TRUMP Memecoin for Development Strategy

6 months ago
AGII Builds Dynamic Automation Layers to Empower Web3 Frameworks

AGII Builds Dynamic Automation Layers to Empower Web3 Frameworks

3 months ago
FameEX Safeguards Crypto Newcomers with New Token Listings Strategy and Comprehensive Support

FameEX Safeguards Crypto Newcomers with New Token Listings Strategy and Comprehensive Support

1 year ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Atua AI Enhances Developer Customization With Scalable Node Orchestration

Atua AI Enhances Developer Customization With Scalable Node Orchestration

August 1, 2025

Press Release

Community Relaunches TWG Token After WALLY Project Collapse and Developer Exit

Community Relaunches TWG Token After WALLY Project Collapse and Developer Exit

July 31, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News