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XRP May Be Gearing Up To Outperform Bitcoin But Cannot Avoid Centralization


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There are many views that XRP may be preparing to outperform Bitcoin. Analyst King Thies said he discovered an increase in divergence in the XRP/BTC monthly chart.

XRP may be gearing up to outperform Bitcoin

A bullish divergence is an indicator of a potential trend reversal. It occurs when an asset hits a lower low while a technical indicator, such as the RSI or MACD, forms a higher low. The divergence along with a strong volume signal for XRP and suggest a new rally can ripple through the altcoin markets in general.

There is a clear trend line breakout in progress, turning resistance into support. Hopefully, XRP will consolidate above $ 0.26 before another move up.

Although he believes that XRP can outperform Bitcoin in the coming weeks, Thies is also bullish on BTC. The trader believes that Bitcoin has bottomed out at $ 9,600, and it is about to move to $ 11,000.

Read full: https://azcoinnews.com/xrp-may-be-gearing-up-to-outperform-bitcoin-but-cannot-avoid-centralization.html

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