XRP Breakout: Analyst Targets $6 In Short Term, $60 Long Term If This Level I...
XRP’s price action has taken a step back over the past week, with momentum slowing down amid broader market consolidation. After starting the previous week around $2.75, XRP has struggled with a pullback as sellers controlled most of the just-concluded trading week. Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE? Interestingly, crypto analyst Egrag Crypto has outlined opti mistic scenario where the XRP price could enter a bullish trajectory that sets up short-term targets of $4–$6 and long-term projections as high as $60. Critical....
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Crypto analyst Dark Defender has revealed a pattern in which the XRP price has formed on the daily chart. In his analysis, he highlighted the $1.95 price level as being crucial as it could determine XRP’s next move. XRP Price Forms Descending Triangle On The Daily Chart In an X post, Dark Defender mentioned that the XRP price has formed a descending triangle on the daily time frame. He added that a breakout is imminent in this pattern as long as $1.95 is protected. The analyst highlighted $2.22, $2.72, $2.90, and $5.85 as the initial targets XRP could reach if the price breakout occurs.....
Bitcoin is forming a short-term flat between two key resistance lines. An exit from that flat could mark the beginning of a medium-term trend. Which direction will Bitcoin choose? Bitcoin’s price rebounded from the level of $442.2 yet again, thus proving its significance. A new level has formed below it, at $435.6. Because the price has stopped at the peak of the long-term correction, a continuation of the movement will mean that there is at least a new medium-term trend. Consequently, the current levels of the short-term flat will most probably be a starting point for a new weekly trend.....
On-chain data suggests the Bitcoin Long-Term Holders are currently putting more selling pressure on the market than short-term holders. Bitcoin Long-Term Holder SOPR Has Spiked Up In Recent Days As explained by an analyst in a CryptoQuant post, Short-Term Holders and US investors haven’t sold as much lately as during the start of June. The […]
We take a look at various influences keeping the short term price down that also contribute to long term bullishness.
Ethereum has continued seeing lackluster price action while Bitcoin rallies past its critical short-term resistance The crypto is on the cusp of flipping its $390 resistance, however, which could give it freedom to rally significantly higher in the short-term One trader is now noting that a surge up towards $432 could be in the cards if ETH can break above its short-term resistance level This would be a significant rally that potentially puts a firm […]