Major altcoins should outperform the price of Bitcoin (btc), especially XRP. BTC should give him a short-term break.
Key technical factors of the article:
- Bitcoin price confirmed the bullish technical signals by quickly reaching $ 15,000.
- Blue chip altcoins, Litecoin, Ether and XRP set to catch up on BTC soon
Bitcoin confirmed bullish technical signals
The price of Bitcoin therefore did honor to the technical analysis of the financial markets and our anticipation by confirming the breach of the major resistance at $ 11,500 with a very clear upward acceleration.
The market broke last year’s records of $ 13,880 and hit $ 15,000 in the process. BTC should take a short term pause, beware the first tangible supports are $ 1000 lower than the current price.
Towards an outperformance of altcoins like XRP
If BTC pauses, it should benefit large market cap altcoins including Litecoin, Ether, and XRP.
In this article, I offer a chart focus on XRP / USD which has just rebounded on an uptrend line in daily data and which should soon accelerate towards $ 0.30 then $ 0.35. Technical invalidation is below the trendline.
XRP / USD price chart with TradingView platform
Follow Vincent Ganne on Trading View for more financial market analysis. The technical thresholds and trend shown above are based on the "price, momentum, sentiment, ichimoku" technical approach. The data comes from Bitstamp and the graphics of TradingView.
This content is provided for informational purposes only and does not constitute an investment recommendation. We remind you that theinvesting in crypto-assets, including Bitcoin, is extremely risky. Cryptocurrency prices are subject to large and unpredictable price fluctuations.