{"id":422119,"date":"2020-04-28T11:30:52","date_gmt":"2020-04-28T11:30:52","guid":{"rendered":"https:\/\/wncen.com\/?p=422119"},"modified":"2020-04-28T11:30:52","modified_gmt":"2020-04-28T11:30:52","slug":"what-is-driving-xrps-explosive-6-percent-intraday-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/what-is-driving-xrps-explosive-6-percent-intraday-rally\/","title":{"rendered":"What is Driving XRP’s Explosive 6 Percent Intraday Rally?"},"content":{"rendered":"

The number three ranked cryptocurrency by market cap, XRP<\/a>, exploded this morning, rising more than 6 percent in less than two hours of intraday trading.<\/p>\n

Will the Ripple rally continue? And what are the driving forces responsible for today’s surging XRP prices?<\/p>\n

XRP Finally Rips, Growing Over 6 Percent in Two Hours Flat<\/h2>\n

It’s difficult to ignore just how poorly XRP<\/a> has performed for cryptocurrency investors since the world first caught wind of the asset in late 2017 during the crypto hype bubble.<\/p>\n

Compared to nearly every other altcoin and Bitcoin, XRP has provided the worst ROI over the last few years of a bear market.<\/p>\n

But after two and a half years of selling, XRP may finally be staging its recovery rally.<\/p>\n

XRP<\/a> this morning had an explosive price surge, rising from $0.19749 to $0.21075 \u2013 or just under a 7 percent rally.<\/p>\n

Key factors behind the strong rally include multiple TD 9 buy signals<\/a> stacking across many high timeframes, on both the XRPUSD and XRPBTC trading pairs.<\/p>\n

Related Reading | XRP Buy Signals Stacking on Multiple Timeframes May Spark Ripple Recovery<\/a><\/strong><\/em><\/p>\n

XRP also reclaimed a critical trendline recently, which could be in part responsible for the additional push.<\/p>\n

The rally could be the start of a powerful Ripple fractal<\/a> nearing the next phase of the pattern: a further rally upward bringing investors a few hundred percent returns.<\/p>\n

Although market conditions may appear bleak, stimulus money could be making its way into what is one of the lowest cost cryptocurrencies per token in the top ten crypto assets by market cap.<\/p>\n

Newcomers buying crypto their first time may opt for XRP, over Bitcoin at over $7,000 a coin.<\/p>\n

Ripple Ready to Sustainable Rally, Thousand Percent Gains Not Unrealistic<\/h2>\n

If the Ripple rally can sustain, the crypto market may be in for a shocking surprise.<\/p>\n

According to a fractal<\/a> that has formed on XRP price charts, the altcoin could see a major boost in the days and weeks ahead.<\/p>\n

The fractal points to XRP holding an important trendline after multiple attempts were made to push the asset back below. Once the trend line was confirmed as support, Ripple rallied by over 800 percent.<\/p>\n

Related Reading | Powerful XRP Fractal Points To Redemption Rally, Start of New Uptrend\u00a0<\/a><\/strong><\/em><\/p>\n

After a short pullback, it rocketed another 900 percent. In the final move up, XRP gained another 1000 percent, taking the asset to its all-time high at over $3.50.<\/p>\n

The asset became the poster child for crypto investing success alongside Bitcoin and Ethereum in late 2017. It even made an appearance in a segment on CNBC<\/a>, educating investors on how to buy the then hyped altcoin.<\/p>\n

That as the signal the top was in. Could this latest rally be the signal that Ripple has bottomed?<\/p>\n

Featured image from Pixabay<\/pre>\n","protected":false},"excerpt":{"rendered":"
The number three ranked cryptocurrency by market cap, XRP, exploded this morning, rising more than 6 percent in less than two hours of intraday trading. Will the Ripple rally continue? And what are the driving forces responsible for today’s surging XRP prices? XRP Finally Rips, Growing Over 6 Percent in Two Hours Flat It’s difficult to ignore just how poorly XRP has performed for cryptocurrency investors since the world first caught wind of the asset in late 2017 during the crypto hype bubble. Compared to nearly every other altcoin and Bitcoin, XRP has provided the worst ROI over the last few years of a bear market. But after two and a half years of selling, XRP may finally be staging its recovery rally. XRP this morning had an explosive price surge, rising from $0.19749 to $0.21075 \u2013 or just under a 7 percent rally. Key factors behind the strong rally include multiple TD 9 buy signals stacking across many high timeframes, on both the XRPUSD and XRPBTC trading pairs. Related Reading | XRP Buy Signals Stacking on Multiple Timeframes May Spark Ripple Recovery XRP also reclaimed a critical trendline recently, which could be in part responsible for the additional push. The rally could be the start of a powerful Ripple fractal nearing the next phase of the pattern: a further rally upward bringing investors a few hundred percent returns. Although market conditions may appear bleak, stimulus money could be making its way into what is one of the lowest cost cryptocurrencies per token in the top ten crypto assets by market cap. Newcomers buying crypto their first time may opt for XRP, over Bitcoin at over $7,000 a coin. Ripple Ready to Sustainable Rally, Thousand Percent Gains Not Unrealistic If the Ripple rally can sustain, the crypto market may be in for a shocking surprise. According to a fractal that has formed on XRP price charts, the altcoin could see a major boost in the days and weeks ahead. The fractal points to XRP holding an important trendline after multiple attempts were made to push the asset back below. Once the trend line was confirmed as support, Ripple rallied by over 800 percent. Related Reading | Powerful XRP Fractal Points To Redemption Rally, Start of New Uptrend\u00a0 After a short pullback, it rocketed another 900 percent. In the final move up, XRP gained another 1000 percent, taking the asset to its all-time high at over $3.50. The asset became the poster child for crypto investing success alongside Bitcoin and Ethereum in late 2017. It even made an appearance in a segment on CNBC, educating investors on how to buy the then hyped altcoin. That as the signal the top was in. Could this latest rally be the signal that Ripple has bottomed? Featured image from Pixabay<\/p>\n","protected":false},"author":517,"featured_media":422124,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16894],"tags":[6664,3680,4531,74937,10972],"class_list":["post-422119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","tag-crypto","tag-ripple","tag-xrp","tag-xrpbtc","tag-xrpusd"],"acf":[],"yoast_head":"\nWhat is Driving XRP's Explosive 6 Percent Intraday Rally?<\/title>\n<meta name=\"description\" content=\"The number three ranked cryptocurrency by market cap, XRP, exploded this morning, rising more than 6 percent in less than two hours of intraday trading.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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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\u2019s 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\u2019s 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\u2019s 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.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"What is Driving XRP’s Explosive 6 Percent Intraday Rally?","url":"http:\/\/wncen.com\/news\/what-is-driving-xrps-explosive-6-percent-intraday-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/what-is-driving-xrps-explosive-6-percent-intraday-rally\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/xrp-rocket-launch-693192_1920.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/xrp-rocket-launch-693192_1920.jpg?fit=1920%2C1280"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Tony \"The Bull\" Severino"}],"creator":["Tony \"The Bull\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","ripple","xrp","xrpbtc","xrpusd"],"dateCreated":"2020-04-28T11:30:52Z","datePublished":"2020-04-28T11:30:52Z","dateModified":"2020-04-28T11:30:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"What is Driving XRP’s Explosive 6 Percent Intraday Rally?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/what-is-driving-xrps-explosive-6-percent-intraday-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/what-is-driving-xrps-explosive-6-percent-intraday-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/xrp-rocket-launch-693192_1920.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/xrp-rocket-launch-693192_1920.jpg?fit=1920%2C1280\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"The Bull\\\" Severino\"}],\"creator\":[\"Tony \\\"The Bull\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"ripple\",\"xrp\",\"xrpbtc\",\"xrpusd\"],\"dateCreated\":\"2020-04-28T11:30:52Z\",\"datePublished\":\"2020-04-28T11:30:52Z\",\"dateModified\":\"2020-04-28T11:30:52Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/xrp-rocket-launch-693192_1920.jpg?fit=1920%2C1280","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/422119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=422119"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/422119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/422124"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=422119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=422119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=422119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}