The latest signals that have emerged indicate that the drop in XRP may have ended.

Altcoin XRP, the fourth largest cryptocurrency in terms of market volume, has failed to make its investors smile for two years. Because XRP has been in a large and long-running bear market for two years, and no development in Ripple has been enough to push the price up. However, some emerging signals may indicate that the decline in XRP is now over.

Price Movements of XRP

We generally evaluate the value of cryptocurrencies like Ethereum, Litecoin and Ripple as Bitcoin or dollars. Therefore, the price movements generally occurring in Bitcoin affect altcoins in a similar way. When Bitcoin shows a rise, altcoins also increase, while altcoins are moving with Bitcoin in a similar trend.

When we look at the price movements in XRP, we can easily say that the highest price of 3.08 with the record that the crypto currency broke at the beginning of 2018. However, when the bull run on the entire cryptocurrency market ended, all of the altcoins suffered close to 90% losses. XRP fell 90% against both the dollar and Bitcoin.

Three Signals

The two-year bear market for XRP may have finally come to an end, analysts say. Because 3 signals emerging in the market show that there is light at the end of the tunnel in XRP.

First, it is stated that in the XRP / BTC trading pair, altcoin started to move a little more freely and tested some high resistance support levels. Secondly, the breaking of the long-term bearish trend resistance is accompanied by a major year-round rise in the MACD indicator. Finally, the TD Sequential indicator, which is a very sensitive indicator, gives a buy signal in quarterly periods.

Also, according to the statements, similar signals have been seen recently in daily, weekly and monthly charts. So, according to analysts' statements, XRP can now be ready to gain an acceleration by ending the long-running downtrend.