{"id":429447,"date":"2020-07-03T16:00:49","date_gmt":"2020-07-03T16:00:49","guid":{"rendered":"https:\/\/ktsl888.com\/?p=429447"},"modified":"2020-07-03T11:29:09","modified_gmt":"2020-07-03T11:29:09","slug":"xrp-sheep-manure-stock-crypto","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/xrp-sheep-manure-stock-crypto\/","title":{"rendered":"The Price Trend of XRP Stunningly Reflects That of Sheep Manure Stock"},"content":{"rendered":"<p class=\"p3\"><a href=\"https:\/\/ktsl888.com\/2020\/07\/01\/xrp-crypto-comparison-bitcoin-ethereum\/\">XRP price has struggled<\/a> throughout the last two years of the bear market. It has ranked amongst the worst performing altcoins, despite trailing right behind Bitcoin and Ethereum in market cap.<\/p>\n<p class=\"p3\">Investors may have finally given up on the asset and are capitulating. It\u2019s not uncommon to see former supporters now referring to the asset as a \u201cshitcoin.\u201d But what is unusual, is the fact that the cryptocurrency price chart almost exactly matches that of sheep manure.<\/p>\n<h2 class=\"p3\">Cryptocurrency Price Chart Matches Sheep Manure<\/h2>\n<p class=\"p3\">The commodities market is filled with agricultural and other production-based products and byproducts. It\u2019s also literally filled with feces.<\/p>\n<p class=\"p3\">Just like soybean and corn trade in the commodities market, sheep manure used to fertilize crops on farms can be a steaming hot commodity.<\/p>\n<p class=\"p3\">Traders piled on the selling during the Black Thursday panic collapse, flushing away any prior gains. The stock market and crypto also saw similar drops and V-shaped recoveries over the last several weeks.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2020\/07\/01\/xrp-crypto-comparison-bitcoin-ethereum\/\">XRP Tanks Compared To Crypto Counterparts Bitcoin And Ethereum, But Why?<\/a><\/strong><\/em><\/p>\n<p class=\"p3\">Recent data shows that the cryptocurrency called Ripple, has underperformed Bitcoin and Ethereum significantly over the last 30 days<\/p>\n<p class=\"p3\">It\u2019s difficult to say exactly what\u2019s behind the poor performance, but it certainly stinks for XRP holders.<\/p>\n<p class=\"p3\">All puns aside, the cryptocurrency\u2019s recent price action strangely mimics the price chart of sheep manure.<\/p>\n<p class=\"p3\">Legendary commodities trader Peter Brandt <a href=\"https:\/\/twitter.com\/peterlbrandt\/status\/08592899?s=12\" target=\"_blank\" rel=\"nofollow\">first shared the sheep manure chart on Twitter<\/a>, however, it closely resembles XRPUSD price action.<\/p>\n<p><img data-recalc-dims=\"1\" height=\"860\" width=\"860\" decoding=\"async\" class=\"aligncenter size-large wp-image-429449\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/07\/xrp-shitcoin-manure-fractal-crypto.png?fit=860%2C860\" alt=\"xrp sheep manure shitcoin\" loading=\"lazy\"><\/p>\n<pre>Ripple XRPUSD Sheep Mature Fractal | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/pre>\n<h2 class=\"p3\">Sheepish Investors Capitulate Right Into XRP Whale Wallets<\/h2>\n<p class=\"p3\">XRP and other crypto assets usually somewhat follow Bitcoin price action. But Ripple is showing extreme weakness even despite continued underperformance.<\/p>\n<p class=\"p3\">The asset was ranked among the worst-performing assets for the last two years in a row. It and XLM had especially negative bear market drawdowns following their peaks.<\/p>\n<p class=\"p3\">But even XLM has since recovered more so than XRP, leaving investors fed up. Ripple remains down by as much as 94% on the USD pair, and over 90% on the BTC pair.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2020\/06\/26\/ripple-xrp-whales-buy-selling\/\">Ripple Effect: Whales Buy Up A Sea of Small Fish Selling<\/a><\/strong><\/em><\/p>\n<p class=\"p3\">XRPUSD and XRPBTC continue to crash, and the selling could be the last wave of small-time holders capitulating. While this happens, data shows whales are absorbing all of this selling.<\/p>\n<p class=\"p3\">Blockchain data indicates that the largest wallets are growing as prices further tank. This data could suggest that large scale accumulation is taking place ahead of a longer-term recovery.<\/p>\n<p class=\"p3\">For now, the asset\u2019s price action continues to both literally and figuratively look like crap.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price has struggled throughout the last two years of the bear market. It has ranked amongst the worst performing altcoins, despite trailing right behind Bitcoin and Ethereum in market cap. Investors may have finally given up on the asset and are capitulating. It\u2019s not uncommon to see former supporters now referring to the asset as a \u201cshitcoin.\u201d But what is unusual, is the fact that the cryptocurrency price chart almost exactly matches that of sheep manure. Cryptocurrency Price Chart Matches Sheep Manure The commodities market is filled with agricultural and other production-based products and byproducts. It\u2019s also literally filled with feces. Just like soybean and corn trade in the commodities market, sheep manure used to fertilize crops on farms can be a steaming hot commodity. Traders piled on the selling during the Black Thursday panic collapse, flushing away any prior gains. The stock market and crypto also saw similar drops and V-shaped recoveries over the last several weeks. Related Reading | XRP Tanks Compared To Crypto Counterparts Bitcoin And Ethereum, But Why? Recent data shows that the cryptocurrency called Ripple, has underperformed Bitcoin and Ethereum significantly over the last 30 days It\u2019s difficult to say exactly what\u2019s behind the poor performance, but it certainly stinks for XRP holders. All puns aside, the cryptocurrency\u2019s recent price action strangely mimics the price chart of sheep manure. Legendary commodities trader Peter Brandt first shared the sheep manure chart on Twitter, however, it closely resembles XRPUSD price action. Ripple XRPUSD Sheep Mature Fractal | Source: TradingView Sheepish Investors Capitulate Right Into XRP Whale Wallets XRP and other crypto assets usually somewhat follow Bitcoin price action. But Ripple is showing extreme weakness even despite continued underperformance. The asset was ranked among the worst-performing assets for the last two years in a row. It and XLM had especially negative bear market drawdowns following their peaks. But even XLM has since recovered more so than XRP, leaving investors fed up. Ripple remains down by as much as 94% on the USD pair, and over 90% on the BTC pair. Related Reading | Ripple Effect: Whales Buy Up A Sea of Small Fish Selling XRPUSD and XRPBTC continue to crash, and the selling could be the last wave of small-time holders capitulating. While this happens, data shows whales are absorbing all of this selling. Blockchain data indicates that the largest wallets are growing as prices further tank. This data could suggest that large scale accumulation is taking place ahead of a longer-term recovery. For now, the asset\u2019s price action continues to both literally and figuratively look like crap.<\/p>\n","protected":false},"author":517,"featured_media":429456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16894],"tags":[134,6664,3690,74937,10972,78763],"class_list":["post-429447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","tag-altcoin","tag-crypto","tag-ripple-xrp","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>The Price Trend of XRP Stunningly Reflects That of Sheep Manure Stock<\/title>\n<meta name=\"description\" content=\"XRP price has struggled throughout the last two years of the bear market. 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. 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