XRP Holds Golden Retrace At $2.90: Wave 3 Breakout To $5.4 In Sight
XRP has been holding steady in recent days, even as Bitcoin dropped to $110,500 and has struggled to reclaim $112,700 in the past 24 hours. Unlike Bitcoin, XRP has avoided printing a new low and instead bounced around $2.90 to $2.91. According to crypto analyst Captain Redbeard, XRP’s price action is now breaking out of a massive multi-year triangle pattern, and it could be gearing up for another parabolic leg. XRP Breaks Out Of Multi-Year Triangle According to Captain Redbeard’s analysis, which was first posted on the social media platform X, XRP has completed a breakout from a....
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Raoul Pal says two of crypto’s most-watched legacy altcoins—XRP and Dogecoin—are coiling for their next act. In a new X thread framed as “the Crypto Waiting Room,” the Real Vision and GMI co-founder argues that a broad swath of the market is consolidating before another leg higher, with capital already “full ported” into Ethereum and rotation risk building for assets lower down the stack. XRP And Dogecoin Are In The ‘Waiting Room’ “Let’s talk about the Crypto Waiting Room… many key parts of the crypto ecosystem are in the waiting room ready to launch,” Pal wrote, opening a....
Charles Hoskinson has affirmed that Cardano (ADA) will steal the crypto spotlight as the altcoin attempts to hold a crucial level as support. Some analysts believe the cryptocurrency is preparing for a massive rally in the coming months. Related Reading: SUI Breakout In The Horizon? Price Eyes $4 Retest As Momentum Builds ADA Holds Key Support Zone Following Thursday’s market rally, Cardano has seen its price retrace 4% in the last 24 hours, failing to reclaim the range high for the second time over the past week. The altcoin has been trading between $0.72-$0.96 since July, hitting a local....
In this episode of NewsBTC’s daily technical analysis videos, we examine how Bitcoin might have bottomed precisely at the 1.618 Fibonacci extension, using Elliott Wave Theory. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 29, 2022 Using the Fibonacci retracement tool not for retracement but for extensions, we have found a golden discovery using math. Related Reading: Bitcoin & The Global Currency Meltdown | BTCUSD September 28, 2022 Did Bitcoin Bottom At The Golden Ratio? In Elliott Wave Theory, corrections come in ABC patterns. Taking the....
Bitcoin NVT golden cross has recently had values that would suggest the crypto may be close to being overbought right now. Bitcoin NVT Golden Cross Has A Positive Value Currently As pointed out by an analyst in a CryptoQuant post, the NVT golden cross has now hit its highest value since the last week of […]
According to a CryptoQuant Quicktake post published earlier today, the Network Value to Transactions (NVT) Golden Cross suggests that Bitcoin (BTC) currently holds a high market capitalization while network transaction volume remains low. This has raised concerns that BTC’s price may be inflated. Bitcoin Overpriced At Current Value? Over the past seven days, BTC has […]