XRP Could Surge 170% Higher Against Bitcoin – Here Are The Reasons
Over the past few days, the most important coins in the market have surged like crazy, and they gained a lot.
The interesting thing that has also been noted by experts is that the altcoins have dramatically outperformed BTC.
The Bitcoin dominance which is the percentage of the crypto market’s aggregate value made up by altcoins seems to have dropped to 66.7% from the 69% were it was before this rally that took place a few days ago.
This is an important accomplishment for a market that’s worth hundreds of billions.
EthereumWorldNews writes that XRP could be the altcoin to follow after DASH or Bitcoin SV which surged a lot.
Analysts predict that XRP will surge significantly against BTC
The same online publication revealed that Michael Van De Poppe, a contributor to CoinTelegraph and a trader at the Amsterdam Stock Exchange, revealed in a TradingView post published Wednesday that he expects for XRP/BTC to soon explode 170% higher.
Here’s the tweet that he shared:
He believes that “Some majors have broken their downtrend already (1+ years old) and moved significantly; $BCH / $DASH / $ZEC / $ETC. I think other ones are ready to follow and usually, $XRP is one of those signals.”
Potential targets 170% from here.
— Crypto Michaël (@CryptoMichNL) January 15, 2020
Factors could trigger XRP parabolic move
We also recently addressed some factors that could trigger a parabolic move for XRP.
Analysts note that XRP could be very well on the verge of seeing important gains, and if the crypto can break above some key trendlines, then it will be able to turn its move parabolic.
“XRP’s ongoing rally is occurring against the backdrop of significant bullishness throughout the markets, with Bitcoin rallying towards $9,000 while many other major altcoins post massive gains,” NewsBTC online publication wrote.
At the moment of writing this article, XRP is trading in the green at the coin is priced at $0.233750.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.