Last Time This Signal Appeared, XRP Dove 35% Against Bitcoin. It’s Back

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Like other altcoins, XRP has rallied against Bitcoin over the past few days. While the leading cryptocurrency has stalled in the low-$9,000s, XRP has begun to push past the psychological resistance of $0.20. Even after BTC retraced by 3% from its local highs, the altcoin remains above $0.20. Some believe that this breakout is a signal of an even greater rally. Yet a crucial time-based indicator that last appeared before XRP began a decline in April has just been spotted again. XRP Could Plunge Against Bitcoin, Analysts Agree According to a Telegram channel tracking cryptocurrencies and traditional assets, a textbook bear signal just appeared on the chart of XRP against Bitcoin. The signal in question is a Tom Demark Sequential “9.” The Tom Demark Sequential is a time-based indicator that often prints “8,” “9,” and “13” candles when an asset has reached an important inflection point in its trend. The…

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