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Ripple (XRP) has positioned itself for a big rally against Bitcoin (BTC) in the coming weeks. The 4H chart for XRP / BTC shows that in August 2018, the price found support on a trendline that broke below September 2018. Then in September the price returned above this trend line and again once he found support above it. This trendline was used as a support from XRP / BTC to test horizontal resistance at 89.826 satoshi. The price continued to face rejection at this level until it failed to break above it in November 2018. Later, the horizontal resistance (shown in yellow) turned into horizontal support. This means that XRP / BTC now has horizontal support and support for the trend line. This makes it a plausible configuration for a bullish entry at current prices.
The ADX and DI indicator on the above table also indicate a break in the upward direction. This is a very favorable development for Ripple (XRP), one that will see big moves against Bitcoin (BTC) during the next market rally. The market difference between Ripple (XRP) and Ethereum (ETH) is now close to $ 1 billion after Ethereum (ETH) has recently recovered its place and once again became the second largest market capitalization currency. However, the balance could easily change in favor of Ripple (XRP) during the next rally as it is better positioned to gain against Bitcoin (BTC) than Ethereum (ETH). Moreover, Ethereum (ETH) has strongly gathered on a positive sentiment around the Constantinople fork, but it is due now to a retracement which, by itself, could bring Ripple (XRP) back to second place.
Ripple (XRP) has seen a huge improvement in its fundamentals in recent months. There is a high probability that its market capitalization would skyrocket and reach an assessment near Bitcoin (BTC) as soon as the market recovers. This could be short-lived, but the compound effect of the events that have been lined up in recent months will show up as we head towards recovery. Bitcoin (BTC) could also benefit from lightning-related developments and general uptake, but it is Ripple (XRP) that is likely to continue its adoption faster. Apart from the large financial institutions that have partnered with Ripple (XRP), if fintech giants such as Paypal, Stripe or an important credit card company join Ripple (XRP) to allow the processing of payments in XRP that would change the whole game.
Ripple (XRP) is known for its moves and for the next two years, when the market is expected to move sideways, XRP / USD can be expected to do something extraordinary, especially if it ends up signing payment. Ripple (XRP) is a cryptocurrency and follows in the footsteps of Bitcoin (BTC) most of the time, but over time and the market matures, we will see most of these cryptocurrencies make their own moves. It is reasonable to think that Ripple (XRP) and Bitcoin (BTC) do not have much in common except that both are called cryptocurrencies.
