{"id":413585,"date":"2020-02-05T16:00:34","date_gmt":"2020-02-05T16:00:34","guid":{"rendered":"https:\/\/wncen.com\/?p=413585"},"modified":"2020-02-05T15:56:13","modified_gmt":"2020-02-05T15:56:13","slug":"xrp-rally-ripple-crypto-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/xrp-rally-ripple-crypto-bitcoin\/","title":{"rendered":"Huge XRP Rally Triggers Key Indicator to Light Up For First Time in a Year"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">XRP has been rallying throughout the last week, <a href=\"https:\/\/wncen.com\/2020\/02\/04\/xrp-breaks-out-of-two-year-downtrend-against-bitcoin-and-the-dollar\/\">pushing through downtrend resistance<\/a> and is potentially ready to reclaim former highs.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The first step in an attempt at breaking above recent bear market rally highs is recapturing the 200-day moving average \u2013 a feat that XRP just achieved after the latest pump above.<\/span><\/p>\n<h2>XRP Recaptures 200-Day Moving Average Following Downtrend Breakout<\/h2>\n<p class=\"p1\"><span class=\"s1\">Since the start of January, altcoins across the crypto market have been breaking through downtrend resistance and going on powerful rallies \u2013 some growing as much as 400% in a week\u2019s time.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">But one of last year\u2019s poorest performers, <a href=\"\/tag\/xrp\" rel=\"nofollow\">XRP<\/a>, has continued to lag behind the rest of the altcoin market and Bitcoin.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/02\/04\/xrp-breaks-out-of-two-year-downtrend-against-bitcoin-and-the-dollar\/\">XRP Breaks Out of Two-Year Downtrend Against Bitcoin and the Dollar<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">It\u2019s only this past week where XRP broke out from downtrend resistance on both the USD and BTC trading pairs, causing the cryptocurrency to release built-up buying pressure and spring higher.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Upside targets could reach as high as $14 if the rally rises similarly to the last break of downtrend resistance.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">But before that can happen, XRP needs to break through many levels of overhead resistance from each bear market rally top, and even before that occurs, XRP must hold above the 200-day moving average.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"\/tag\/xrp\" rel=\"nofollow\">XRP<\/a> just recaptured the critical trading indicator on its trading pair against Bitcoin, and doing so could be signaling a long-term trend change is brewing.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$XRP<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Ripple?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Ripple<\/a> daily &#8211; MA 200 recapture, first time since March of 2019<a href=\"https:\/\/twitter.com\/hashtag\/TheStandard?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#TheStandard<\/a> <a href=\"https:\/\/t.co\/purFmZDCm4\" rel=\"nofollow\">pic.twitter.com\/purFmZDCm4<\/a><\/p>\n<p>&mdash; Cheds (Trading Quotes) (@BigCheds) <a href=\"https:\/\/twitter.com\/BigCheds\/status\/52105984?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 5, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Why The 200-Day Moving Average Matters to Crypto Investors<\/h2>\n<p class=\"p1\"><span class=\"s1\">The number three cryptocurrency by market cap just broke above the 200-day moving average for the first time since March 2019, when the cryptocurrency fell back into an extended downtrend against Bitcoin. The altcoin trading above this level suggests that it could outperform Bitcoin for the foreseeable future.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The <a href=\"https:\/\/investinganswers.com\/dictionary\/2\/200-day-moving-average\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">200-day moving average is a long-term trading indicator<\/a> based on a formula using the average price across the last two-hundred days of price action. It\u2019s often used by \u201csmart money\u201d institutional investors as a signal to the overall long-term health of an asset.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The idea is that if an asset is trading below the 200-day moving average, the asset is in a downtrend. But if the asset is trading above the indicator, it\u2019s in an uptrend.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">With <a href=\"\/tag\/xrp\" rel=\"nofollow\">XRP<\/a> breaking out from downtrend resistance after two full years of a bear market, any signs that an uptrend could be forming could spark an extreme wave of FOMO.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/01\/29\/ready-for-liftoff-two-year-downtrend-breakout-could-lead-to-14-xrp\/\">Ready For Liftoff: Two-Year Downtrend Breakout Could Lead to $14 XRP<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Considering the fact that XRP rose as much as 6,000% in the past in a matter of weeks, crypto investors will be watching closely for any sudden spikes, to ensure they don\u2019t miss out on what could be life-changing wealth.<\/span><\/p>\n<pre>Featured image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>XRP has been rallying throughout the last week, pushing through downtrend resistance and is potentially ready to reclaim former highs. The first step in an attempt at breaking above recent bear market rally highs is recapturing the 200-day moving average \u2013 a feat that XRP just achieved after the latest pump above. XRP Recaptures 200-Day Moving Average Following Downtrend Breakout Since the start of January, altcoins across the crypto market have been breaking through downtrend resistance and going on powerful rallies \u2013 some growing as much as 400% in a week\u2019s time. But one of last year\u2019s poorest performers, XRP, has continued to lag behind the rest of the altcoin market and Bitcoin. Related Reading | XRP Breaks Out of Two-Year Downtrend Against Bitcoin and the Dollar It\u2019s only this past week where XRP broke out from downtrend resistance on both the USD and BTC trading pairs, causing the cryptocurrency to release built-up buying pressure and spring higher. Upside targets could reach as high as $14 if the rally rises similarly to the last break of downtrend resistance. But before that can happen, XRP needs to break through many levels of overhead resistance from each bear market rally top, and even before that occurs, XRP must hold above the 200-day moving average. XRP just recaptured the critical trading indicator on its trading pair against Bitcoin, and doing so could be signaling a long-term trend change is brewing. $XRP #Ripple daily &#8211; MA 200 recapture, first time since March of 2019#TheStandard pic.twitter.com\/purFmZDCm4 &mdash; Cheds (Trading Quotes) (@BigCheds) February 5, 2020 Why The 200-Day Moving Average Matters to Crypto Investors The number three cryptocurrency by market cap just broke above the 200-day moving average for the first time since March 2019, when the cryptocurrency fell back into an extended downtrend against Bitcoin. The altcoin trading above this level suggests that it could outperform Bitcoin for the foreseeable future. The 200-day moving average is a long-term trading indicator based on a formula using the average price across the last two-hundred days of price action. It\u2019s often used by \u201csmart money\u201d institutional investors as a signal to the overall long-term health of an asset. The idea is that if an asset is trading below the 200-day moving average, the asset is in a downtrend. But if the asset is trading above the indicator, it\u2019s in an uptrend. With XRP breaking out from downtrend resistance after two full years of a bear market, any signs that an uptrend could be forming could spark an extreme wave of FOMO. Related Reading | Ready For Liftoff: Two-Year Downtrend Breakout Could Lead to $14 XRP Considering the fact that XRP rose as much as 6,000% in the past in a matter of weeks, crypto investors will be watching closely for any sudden spikes, to ensure they don\u2019t miss out on what could be life-changing wealth. Featured image from Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":413595,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,16894],"tags":[24133,428,3680,4531],"class_list":["post-413585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-ripple","tag-200-day-moving-average","tag-bitcoin","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Huge XRP Rally Triggers Key Indicator to Light Up For First Time in a Year<\/title>\n<meta name=\"description\" content=\"XRP has been rallying throughout the last week, pushing through downtrend resistance and is potentially ready to reclaim former highs. 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