XRP Triggers Signal Resulting In Nearly 80% On Average Rise Against Bitcoin

Tony "The Bull" Severino

Last Updated: June 11, 2024 8:02 am

2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin is more bullish than ever, and Ethereum has taken center stage of the hot to trot DeFi trend. XRP, however, has remained a laggard for two years running. But all this could soon change, as a signal just triggered on the Ripple versus Bitcoin trading pair that in the past has led to an on average increase of just under 80%.

Could Ripple’s woes soon reverse against Bitcoin, and could XRP finally regain all the ground it has lost over the last two and a half years of a bear market?

TD 9 Buy Setup Triggers On High Timeframe XRP Price Charts

After a string of sideways price action, Ripple has fallen just enough to trigger a TD 9 “buy” setup on the TD Sequential indicator, on weekly timeframes.

The signal appears only on the Bitcoin trading pair, while the count on the USD pair just restarted. However, on daily timeframes, the USD pair triggered the same signal last week, but the upside that was expected to result is only just now beginning.

The TD Sequential indicator is a market-timing indicator, used to predict when tops or bottoms are put in. The signal comes after a sequence of candles closer higher or lower than the previous, resulting in a buy or sell setup after a count of nine or thirteen.

The tool essentially is predicting, based on meeting certain price action requirements, that a reversal is likely. And it is, according to historic price data on the XRPBTC trading pair.

Weekly TD 9 Buy Setup Leads To Nearly 80% Returns On Average | Source: XRPBTC on TradingView.com

Ripple To Rally Against Bitcoin, Signal’s Past Performance Results In Nearly 80% Rise On Average

Since the bear market first began, XRPBTC has triggered four other “perfected” nine “buy” setups. The sell signal is “perfected” when the nine candle falls below the low point of the previous three candles, and it increases the likelihood of successful signals resulting.

The latest signal marks the fifth time XRPBTC has experienced a “TD 9 buy” on weekly timeframes, with the four previous times ranging in how strong the rally was.

The first in the series was also the first major rebound after the fall from its all-time high. XRP recovered 68% against BTC before ultimately dropping lower.

At the next low, XRP spiked over 150% against the top crypto asset. Then again fell against Bitcoin for the entire next year.

Another signal in late 2019 pushed XRP back up 57%, and the most recent signal sent the altcoin soaring 40%. Combined on average, this comes out to a potential 79% pump stemming from the TD 9 buy signal on weekly timeframes.

Featured image from Deposit Photos, Chart from TradingView.com

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.