XRP Price Must Defend This Level To Avoid 50% Breakdown, Analyst Warns
As the crypto market recovers from the latest pullback, XRP is attempting to climb up from its recent lows. Some analysts have suggested that the cryptocurrency must defend its current levels or risk a 50% drop to levels not seen since 2024. Related Reading: Solana Leads As Most Popular Blockchain Ecosystem For Second Consecutive Year – Report XRP At Make-Or-Break Level Amid the start-of-week market correction, XRP recorded a 6% drop toward its lowest level in weeks. The price lost $2.00 support on Monday morning and continued to lose key levels despite uninterrupted institutional....
Related News
With only two weeks left of 2025, market participants wonder whether the Bitcoin (BTC) and the rest of the crypto market will continue to struggle or begin recovering. An analyst discussed the current market sentiment and the impact it may have on market performance. Related Reading: XRP Price Must Defend This Level To Avoid 50% Breakdown, Analyst Warns The Four-Year Crypto Cycle Is ‘Like Faith In God’ As we approach the end of the year, concerns about the crypto market’s performance continue to mount. Bitcoin, the largest cryptocurrency by market capitalization, has seen a 30% decline....
In an X post published yesterday, crypto analyst Matthew Hyland highlighted that according to the weekly timeframe chart, Bitcoin (BTC) is likely to test the support level between $69,000 to $74,000 in the coming months. Is The Bitcoin Bottom In? Hyland noted that BTC’s weekly resistance level currently hovers around the $90,500 level. The analyst emphasized that if BTC has a weekly close above $89,000, then it may indicate that the market bottom is in. He added: If we do get a weekly close above this area ($89,000 to $91,000), I think the low is in for Bitcoin, and we are not going down....
The Dogecoin price is gearing up for a significant break out to new upsides, as a crypto market expert shares a key technical analysis to support this prediction. The analyst believes that Dogecoin can skyrocket to $0.65 if it can maintain key support levels and avoid a further price breakdown. Dogecoin Price Set For $0.65 […]
$47,000 forms the basis for avoiding “any breakdown,” an analyst says after BTC/USD halts its upside at $52,000. Bitcoin (BTC) began testing new support levels on Monday after an overnight rally paused at $52,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Bitcoin needs to keep $47,000 to avoid “breakdown”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD challenging $51,000 after breaking through the level for the first time in nearly four months.In so doing, the largest cryptocurrency was “likely” testing the staying power of support, which had....
Crypto analyst MadWhale has raised the possibility of the XRP price experiencing a breakdown below the crucial $2 support level. The analyst also revealed the next major support if XRP drops below this support level. XRP Price Could Drop To $1.90 If It Loses $2 Support In a TradingView post, MadWhale predicted that the XRP price could drop to the major support at $1.90 if it loses the psychological $2 level. He noted that XRP has demonstrated a classic triple-top formation, with each successive peak showing weaker momentum. In line with this, the analyst asserted that a break below the 42....