Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Strategist Says XRP Poised for Major Move to the Upside – But Warns Bitcoin (BTC) Will Have to Cool Down First

by Daily Hodl Staff
February 10, 2020
in Bitcoin, Ripple and XRP
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

XRP is now up more than 43% year-to-date and according to one one popular trading strategist, the rally is just getting started.

Crypto Michaël, a full-time trader, says XRP has finally snapped its two-year losing streak against Bitcoin (BTC). As long as XRP trades above $0.247, Michaël says it’s in a good position to surge to as high as $0.60 by June. But there is a catch – Bitcoin will have to cool down first.

“XRP: I think this one will do well, when BTC calms down. Broke a 2-year old downtrend on the BTC pair and flipped back in the range on the USD pair.

Holding above $0.247-0.25 and we could see continuation towards the range high at $0.47 and possibly $0.60.”

Source: Crypto Michaël/Twitter

Analyst Josh Olszewicz of Brave New Coin shares Crypto Michaël’s bullish view, after analyzing the third-largest cryptocurrency using the Ichimoku Cloud, which is an umbrella name for a set of technical indicators designed to highlight trend shifts and key levels of support and resistance.

He says XRP’s price has shifted above the Kumo band and that the breakout suggests a buying opportunity may be at hand.

“Market so bull right now even XRP [is] starting to turn up.

– Kumo breakout
– 200-day EMA breach
– Will invalidate nearly 700 day bear PF soon”

However, trader DonAlt prefers to err on the side of caution. The analyst says he recently took profits and sellers may soon take over.

DonAlt remains firm in his call that the recent price action is part of an overall bearish retracement. His bearish view would be invalidated if XRP climbs above $0.30.

“Going according to plan, I TPd early to avoid the $0.25-$0.30 resistance area which is where pretty much all of the risk is. As I stated early in the thread, $0.30 is the number to beat, until that happens all of this is a bear market retracement.”



Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Ahmed Muntasir

Submit a Press Release

Crypto Livewire – Press Releases

  • QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding
    January 15, 2021
  • The Online Family Office and High Net Worth Blockchain Conference
    December 22, 2020
  • How Blockchain Empowers Wuhan’s Digital Economy Growth – World Blockchain Conference
    December 14, 2020
  • SnapEx Adds LINK, BNB and TRX Alongside Sign-Up Bonus on a Sleek New App
    December 11, 2020
  • What’s the Role of Bots in Crypto Trading?
    December 3, 2020
Submit a Guest Post
Bitcoin
$35,165.00
$35,165.00
0.71%
Ethereum
$1,198.97
$1,198.97
1.16%
XRP
$0.273888
$0.273888
1.29%
Litecoin
$139.60
$139.60
1.36%
Bitcoin Cash
$473.19
$473.19
0.49%

Spotlight

  • Goldman Sachs Economist Says Bitcoin Is Maturing, Details How Much Institutional Money Has Entered the Market
    January 13, 2021
  • Four Crypto Assets Surge More Than 400% in Just One Month As Alt Season Roars
    January 17, 2021
  • Institutional Rocket Fuel Could Soon Boost Ethereum, Says Macro Investor Dan Tapiero
    January 10, 2021
  • Bitcoin Could Rise Above $300,000 This Year, According to On-Chain Analyst Willy Woo
    January 14, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2020 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.