Rare Chart Formation That Led To An 87% XRP Price Crash Has Resurfaced
Crypto analyst Tony Severino has revealed a rare chart formation, which presents a bearish outlook for the XRP price. This comes amid a market downtrend, with concerns that XRP may have topped in this market cycle. Rare Chart Pattern That Sparked 87% XRP Price Crash Resurfaces In an X post, Severino revealed that the XRP monthly LMACD has crossed bearish for the third time ever. He noted that the past two bearish crossovers resulted in an 87% and 71% drawdown after the signal fired. The analyst added that this signal, this time around, is still unconfirmed. As such, he remarked that....
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Recent XRP price action has sparked a new prediction from a crypto analyst, as a potential Head and Shoulders pattern emerges on the chart. The analyst warns that this technical formation could trigger a significant price correction for XRP, describing this downturn as the worst-case scenario. Analyst Predicts XRP Price Crash To $1.15 The ‘Charting Guy,’ a pseudonymous crypto analyst on X (formerly Twitter), has unveiled a potential Head and Shoulder pattern formation on the XRP price chart. The analyst has shared insights into the implications of this technical pattern, projecting a....
Over the last few days, the Bitcoin price has fluctuated, but the most prominent moves have been upwards, going from below $90,000 to over $94,000. As expected, this rapid climb already has investors calling for a return of the bull run, but not everyone is convinced. For some, the current Bitcoin price momentum is most likely a bull trap, and crypto analyst Xanrox highlights this in a recent analysis, outlining the best level to start selling the digital asset. Why The Bitcoin Price Risks A Crash To $74,000 Xanrox’s analysis focuses on the bearish formations that have appeared on the....
The crypto market has entered one of its steepest sell-offs in months, erasing over $90 billion in market value within just one hour and triggering more than $1.3 billion in liquidations as leveraged positions were wiped out across exchanges. Related Reading: Rare Chart Formation That Led To An 87% XRP Price Crash Has Resurfaced Bitcoin (BTC) plummeted below $105,000, extending a sharp correction that began late last week, while major altcoins such as Ethereum (ETH), Solana (SOL), and XRP followed suit with double-digit losses. BTC's price trends to the downside on the daily chart. Source:....
Tony Severino, a prominent crypto analyst, has shared a new Bitcoin price forecast, suggesting that the pioneer cryptocurrency is on the verge of another major correction. The analyst suggested that the formation of a Lower Time Frame (LTF) Head and Shoulders pattern on the Bitcoin price chart is a potential confirmation of a crash to mid-$80,000. Bitcoin Price Projected To Crash To $83,600 The market’s recent downturn has negatively impacted Bitcoin’s value, prompting less-than-favorable predictions from top analysts. Severino posted on X (formerly Twitter) on March 6 that Bitcoin....
XRP’s latest downswing has dragged price into a cluster of long-term volume and mean-reversion levels, with one prominent market technician flagging Korea as the epicenter of near-term spot selling. XRP Faces Crucial Support In charts shared over the past 24 hours, trader Dom (@traderview2) said XRP has “reached the 12M rVWAP for the first time this year,” adding that it “really isn’t a level we want to be trading under for awhile.” He warned that if bulls lose that 12-month rolling VWAP, “we are looking at the range low of $2 as the next area of interest,” whereas a swift recovery would....