XRP price rally stalls near key level that last time triggered a 65% crash
Macro risks and a long-term bearish setup continue to spoil XRP's bullish prospects. XRP's ongoing upside retracement risks exhaustion as its price tests a resistance level with a history of triggering a 65% price crash.XRP price rebounds 30% XRP's price gained nearly 30%, rising to $0.36 on June 24, four days after rebounding from $0.28, its lowest level since January 2021. The token's retracement rally could extend to $0.41 next, according to its "cup-and-handle" pattern shown in the chart below.XRP/USD four-hour price chart featuring "cup and handle" pattern. Source:....
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The price of XRP soared to as high as $0.92 in mere minutes on Coinbase only to crash by 30% immediately after. XRP price spiked to over $0.90 on U.S. cryptocurrency exchange Coinbase on Nov. 24 only to crash back down by roughly 30% in seconds. This was the highest price level since May 2018.XRP frenzy driven by Coinbase usersThe rally was apparently driven by Coinbase users as the price of XRP did not see the same heights on other exchanges. Bitstamp and Binance, for example, saw a high of only $0.79 during the same spike. Shortly after the crash, hashtag "Coinbase" began trending on....
Uncertainty lingers around Bitcoin’s next price trajectory as the general crypto market undergoes a robust whirlwind triggered by political events, economic shifts, and waning investor sentiment. However, there is still a chance that the asset might experience a rally soon, but there is a catch. Bitcoin Price Major Upswing Hinges On This Level Following several […]
Crypto analyst ElmoX has asserted that the XRP price is still bullish despite the recent crypto market crash. His analysis revealed that XRP is set to face major resistance at $2.9, although he is confident that the crypto will eventually break this resistance and rally to as high as $20. XRP Price Faces Resistance At $2.9 But Could Still Rally To $20 In a TradingView post, ElmoX outlined two scenarios for the XRP price as it eyes a rally to $20, although he noted that the crypto will retest the major resistance at around $2.92 either way, on its way to a new all-time high (ATH). For the....
Ethereum has seen a monumental rally throughout the past couple of days, with bulls taking full control over its price action This has come as BTC remains relatively stable in the upper-$30,000 region, with its stability giving altcoins the chance to rally ETH has yet to set fresh all-time highs despite its recent gains, but […]
Bitcoin reached $19,000 quickly after it plunged to $18,000 following an XRP flash crash on Coinbase. The price of Bitcoin (BTC) surpassed $19,000 on Nov. 24 for the first time in nearly three years. It followed an XRP flash crash on Coinbase, which trembled the crypto market.The two incidents could be entirely coincidental. Although considering that BTC price surged almost immediately after the XRP drop, there could be a correlation.BTC/USDT 4-hour chart (Binance). Source: TradingView.comHow XRP’s price rally could have triggered Bitcoin to new highsAs Cointelegraph reported on Nov. 24,....