XRP To End 7-Month Consolidation After 700% Surge – Is A Major Move Coming?
After months of sideways movement, XRP may finally be gearing up for a significant breakout. According to analysts, the popular altcoin saw a dramatic 700% surge earlier last year. Now, its price is positioned to exit a seven-month consolidation phase, which could set it up for its next bullish move. XRP Gets Ready For Major Bullish Move A recently published technical chart by market expert ‘Crypto Michael’ on X (formerly Twitter) reveals that XRP has been consolidating for seven months following a staggering 700% price rally, which was triggered by a breakout from a multi-year....
Related News
Bitcoin has begun to surge higher again after multiple days of consolidation under $16,000. The coin traded as high as $16,500 earlier today. Analysts are not yet convinced it’s clear skies for Bitcoin, though. Bitcoin Could Surge Towards $20,000 Once $17,000 Is Claimed Bitcoin has begun to surge higher again after multiple days of consolidation under $16,000. Hours ago, the leading cryptocurrency moved from the $15,900 resistance it was trading near toward $16,500. Analysts are […]
In a recent update on X, analyst GemXBT highlighted that Solana (SOL) is moving within a consolidation phase, with the price hovering near the $147 level. The pattern indicates that SOL is coiling up, potentially preparing for a significant move once a breakout occurs. This period of sideways trading isn’t without significance. Historically, such consolidation phases can act as a prelude to sharp breakouts or breakdowns. Traders are now closely watching for volume spikes or candlestick signals that could hint at the next major trend. Current Market Context: Why Solana Consolidation Matters....
Moonriver (MOVR) has managed to slip into the background after an incredible run in 2021. The price of the coin crossed $490 at the time, but has since fallen more than 90% from its all-time high since then. After an extended bear period, it is starting to look like this altcoin may never return to its previous glory again. However, this might be wrong as expectations for another bull run for the MOVR altcoin are rising once again. MOVR Ready To Move Out Of Extended Consolidation According to a crypto analyst, the MOVR price may be getting ready to move out of a drawn out downtrend and....
Ethereum, the second-largest cryptocurrency by market capitalization, is currently at a critical juncture as its price enters a consolidation phase. This period of price stability, marked by a narrow trading range, has left traders and investors in a state of uncertainty. With Ethereum’s price hovering around key support and resistance levels, market participants are closely monitoring technical indicators and market signals to anticipate the next move. The current consolidation reflects a balance between bullish optimism and bearish caution, creating an environment of indecision....
Bitcoin price quickly returned to its previous consolidation zone during Sunday trade. The verdict in the ongoing case of Bulls vs. Bears remains inconclusive. A swift move higher puts price back in the center of its two-month consolidation zone. One concern is that today’s advancing wave had gone “too far too fast” and then lost momentum. In the bitcoin chart such a high energy blast – during low weekend liquidity – often results in downward continuation. A second confirmation that advance could return to decline can be found in the 1-hour RSI indicator’s reverse divergence: the buying....