{"id":448622,"date":"2020-11-02T20:00:08","date_gmt":"2020-11-02T20:00:08","guid":{"rendered":"https:\/\/wncen.com\/?p=448622"},"modified":"2024-06-11T07:58:31","modified_gmt":"2024-06-11T07:58:31","slug":"silent-xrp-accumulation-builds-pressure-for-breakout-against-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/silent-xrp-accumulation-builds-pressure-for-breakout-against-bitcoin\/","title":{"rendered":"Silent XRP Accumulation Builds Pressure For Breakout Against Bitcoin"},"content":{"rendered":"

XRP has barely moved<\/a> more than a few cents away from an average of 25 cents for months, while on the Bitcoin trading pair, the asset has continued to fall.<\/p>\n

But while altcoins are bleeding out against BTC, Ripple whales continue to accumulate and the soaking up of the supply could soon cause an enormous breakout against Bitcoin.<\/p>\n

XRP Versus BTC: Bollinger Bands Squeeze Into Hidden Bullish Divergence<\/h2>\n

It is hard to imagine an asset of any type is bullish when it is currently falling and setting new downtrend lows. But sometimes, there’s more going on behind the scenes, building up pressure for a massive move<\/a> eventually and a change in behavior.<\/p>\n

Ripple, has now spent nearly three full years falling on its ratio compared to BTC. Since mid-2019, XRP has done very little but trade mostly sideways while grinding ever lower.<\/p>\n

Related Reading | XRP Triggers Signal Resulting In Nearly 80% On Average Rise Against Bitcoin<\/a><\/strong><\/em><\/p>\n

The long consolidation range has resulted in the Bollinger Bands<\/a> squeezing on two-week timeframes, to the second tightest point in the trading pair’s history.<\/p>\n

History doesn’t always repeat, but it often rhymes. And if a hidden bull div on the Relative Strength Index<\/a> on the same timeframe matching the last time the Bollinger Bands contracted this tight is any indication, an explosive reversal against Bitcoin is near.<\/p>\n

The last time around, after a second rejection from the middle-BB, third time was the charm and Ripple lifted off, rising over 2,000%<\/a> against BTC.<\/p>\n

\"xrpbtc\"<\/p>\n

The Bollinger Bands are squeezing, gearing up for a big move. Hidden bull div on RSI points to up | Source: XRPBTC on TradingView.com<\/a><\/pre>\n
Whales Accumulating Ripple Resemble Bitcoin Metrics Before Breakout<\/h2>\n
Although the exact same scenario isn’t a given, silent accumulation of XRP whales<\/a> matches the same sort of behavior as Bitcoin did before its recent breakout.<\/p>\n
Whale-sized BTC wallets increased consistently until there wasn’t enough supply to go around, and Bitcoin had a major bullish breakout recently.<\/p>\n
Related Reading | Underdog Story: Why Ripple Could Soon Outperform Bitcoin And Ethereum<\/a><\/strong><\/em><\/p>\n
Now, it could be Ripple’s turn. According to data<\/a>, XRP wallets with 1 million or more have increased by 20%, while wallets with 10 million or more have grown by 10%.<\/p>\n
When these whales finally decide they’ve soaked up enough supply<\/a>, prices increase rapidly as investors try to catch the breakout. When XRP does finally break out, its moves are substantial, and the signs above are anything to go by, overperformance against Bitcoin could be coming soon.<\/p>\n
Featured image from Deposit Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
XRP has barely moved more than a few cents away from an average of 25 cents for months, while on the Bitcoin trading pair, the asset has continued to fall. But while altcoins are bleeding out against BTC, Ripple whales continue to accumulate and the soaking up of the supply could soon cause an enormous breakout against Bitcoin. XRP Versus BTC: Bollinger Bands Squeeze Into Hidden Bullish Divergence It is hard to imagine an asset of any type is bullish when it is currently falling and setting new downtrend lows. But sometimes, there’s more going on behind the scenes, building up pressure for a massive move eventually and a change in behavior. Ripple, has now spent nearly three full years falling on its ratio compared to BTC. Since mid-2019, XRP has done very little but trade mostly sideways while grinding ever lower. Related Reading | XRP Triggers Signal Resulting In Nearly 80% On Average Rise Against Bitcoin The long consolidation range has resulted in the Bollinger Bands squeezing on two-week timeframes, to the second tightest point in the trading pair’s history. History doesn’t always repeat, but it often rhymes. And if a hidden bull div on the Relative Strength Index on the same timeframe matching the last time the Bollinger Bands contracted this tight is any indication, an explosive reversal against Bitcoin is near. The last time around, after a second rejection from the middle-BB, third time was the charm and Ripple lifted off, rising over 2,000% against BTC. The Bollinger Bands are squeezing, gearing up for a big move. Hidden bull div on RSI points to up | Source: XRPBTC on TradingView.com Whales Accumulating Ripple Resemble Bitcoin Metrics Before Breakout Although the exact same scenario isn’t a given, silent accumulation of XRP whales matches the same sort of behavior as Bitcoin did before its recent breakout. Whale-sized BTC wallets increased consistently until there wasn’t enough supply to go around, and Bitcoin had a major bullish breakout recently. Related Reading | Underdog Story: Why Ripple Could Soon Outperform Bitcoin And Ethereum Now, it could be Ripple’s turn. According to data, XRP wallets with 1 million or more have increased by 20%, while wallets with 10 million or more have grown by 10%. When these whales finally decide they’ve soaked up enough supply, prices increase rapidly as investors try to catch the breakout. When XRP does finally break out, its moves are substantial, and the signs above are anything to go by, overperformance against Bitcoin could be coming soon. Featured image from Deposit Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":448632,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[134,428,1119,6664,3680,4531,74937,10972,78763],"class_list":["post-448622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-altcoin","tag-bitcoin","tag-btc","tag-crypto","tag-ripple","tag-xrp","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nSilent XRP Accumulation Builds Pressure For Breakout Against Bitcoin<\/title>\n<meta name=\"description\" content=\"XRP has barely moved more than a few cents away from an average of 25 cents for months, while on the Bitcoin trading pair, the asset has continued to\" \/>\n<meta name=\"robots\" content=\"index, follow, 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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":"Silent XRP Accumulation Builds Pressure For Breakout Against Bitcoin","url":"http:\/\/wncen.com\/news\/ripple\/silent-xrp-accumulation-builds-pressure-for-breakout-against-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/silent-xrp-accumulation-builds-pressure-for-breakout-against-bitcoin\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/xrpbtc-ripple-bitcoin-crypto-xrp-Depositphotos_1197549_xl-2015-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/xrpbtc-ripple-bitcoin-crypto-xrp-Depositphotos_1197549_xl-2015-scaled.jpg?fit=2560%2C1797"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","bitcoin","btc","crypto","ripple","xrp","xrpbtc","xrpusd","xrpusdt"],"dateCreated":"2020-11-02T20:00:08Z","datePublished":"2020-11-02T20:00:08Z","dateModified":"2024-06-11T07:58:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Silent XRP Accumulation Builds Pressure For Breakout Against Bitcoin\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/silent-xrp-accumulation-builds-pressure-for-breakout-against-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/silent-xrp-accumulation-builds-pressure-for-breakout-against-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/xrpbtc-ripple-bitcoin-crypto-xrp-Depositphotos_1197549_xl-2015-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/xrpbtc-ripple-bitcoin-crypto-xrp-Depositphotos_1197549_xl-2015-scaled.jpg?fit=2560%2C1797\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"bitcoin\",\"btc\",\"crypto\",\"ripple\",\"xrp\",\"xrpbtc\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2020-11-02T20:00:08Z\",\"datePublished\":\"2020-11-02T20:00:08Z\",\"dateModified\":\"2024-06-11T07:58:31Z\"}<\/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\/11\/xrpbtc-ripple-bitcoin-crypto-xrp-Depositphotos_1197549_xl-2015-scaled.jpg?fit=2560%2C1797","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/448622"}],"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=448622"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/448622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/448632"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=448622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=448622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=448622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}