{"id":59516,"date":"2020-01-16T11:14:23","date_gmt":"2020-01-16T09:14:23","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=59516"},"modified":"2020-01-16T11:14:23","modified_gmt":"2020-01-16T09:14:23","slug":"xrp-price-explode-higher-bitcoin","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/xrp-price-explode-higher-bitcoin\/","title":{"rendered":"XRP May Explode 170% Higher Against Bitcoin: Analyst Explains Why"},"content":{"rendered":"

Over the past few days, all cryptocurrencies \u2014 from Bitcoin, Ethereum and XRP<\/a> to Digibyte, Waves, and Electroneum \u2014 have surged higher, gaining dozens of percent apiece as buying pressure has washed over the cryptocurrency market.<\/p>\n

Interestingly, altcoins dramatically outperformed BTC this time around, with Bitcoin<\/a> dominance\u00a0 \u2014 the percentage of the cryptocurrency market’s aggregate value made up by altcoins \u2014 dropped<\/a> to 66.7% from the 69% it was at prior to this rally, which is actually quite the accomplishment for a market worth literal hundreds of billions.<\/p>\n

\"\"<\/p>\n

Mainly, this drop in Bitcoin’s grip on the market was driven by Bitcoin SV<\/a> and DASH, both of which saw jaw-dropping gains due to a number of technical and fundamental factors.<\/p>\n

But according to a top analyst, XRP may be one of the next to rally.<\/p>\n

XRP Soon to Surge Against Bitcoin, Analyst Predicts<\/strong><\/h2>\n

Michael Van De Poppe, contributor to CoinTelegraph and a trader at the Amsterdam Stock Exchange, revealed in a TradingView post<\/a> published Wednesday that he expects for XRP\/BTC to soon explode 170% higher.<\/p>\n

He noted that the pair is on the verge of breaking out of a downtrend that has constrained prices since the start of 2019, before adding that XRP has held a very important historical support level against Bitcoin, suggesting bullish strength.<\/p>\n

Poppe’s chart also pointed out that the recent price action is eerily reminiscent of an XRP\/BTC break out in 2018, suggesting that a surge of dozens of percent can be had if history repeats itself.<\/p>\n

\n

$XRP<\/a> #RIPPLE<\/a><\/p>\n

Some majors have broken their downtrend already (1+ years old) and moved significantly; $BCH<\/a> \/ $DASH<\/a> \/ $ZEC<\/a> \/ $ETC<\/a>.<\/p>\n

I think other ones are ready to follow and usually, $XRP<\/a> is one of those signals.https:\/\/t.co\/K4oQ26iau5<\/a><\/p>\n

Potential targets 170% from here.<\/p>\n

— Micha\u00ebl van de Poppe (@CryptoMichNL) January 15, 2020<\/a><\/p><\/blockquote>\n