XRP Price Is Maintaining This Multi-Year Trendline, But A Crash Could Be Looming
Following the recent market trend, the XRP price has maintained its hold on an important trendline over the years. This trendline leans bullish, and as long as the cryptocurrency holds above it, the likelihood of a recovery remains high. However, a break below this multi-year trendline could signal doom, with crypto analyst CrypFlow forecasting how low the digital asset could go before eventually finding a bottom. Bears Threaten XRP’s Multi-Year Trendline According to crypto analyst CrypFlow, the XRP multi-year trendline that began back in the year 2017 is currently still in play. In fact,....
Related News
The current Bitcoin price crash is being driven by major sell-offs from large whales as they offload massive early BTC holdings. In addition to this, though, there are also chart formations that suggest that the Bitcoin price crash is only in its beginning stages. This comes after the cryptocurrency closed the month of October in the red for the first time in seven years, setting a precedent for a likely bearish close to the year. Higher Low Trendline Needs To Hold The current Bitcoin price downtrend began after the cryptocurrency hit a new all-time high back in August. The rejection at....
Crypto analyst Xanrox has advised market participants against buying Bitcoin, warning that a crash is looming for the leading crypto. Instead, the analyst advised buying altcoins, which are likely to offer greater gains. Analyst Advises Against Buying Bitcoin With Crash Looming In a TradingView analysis, Xanrox advised against buying Bitcoin, citing the crypto’s bearish price action. Commenting on BTC’s daily chart, he noted that the LOG scale shows a bearish flag pattern, indicating bearish price action. He added that it will be a technical error to buy or go long at the resistance of....
The price of Bitcoin has continued to hover around the $70,000 level this weekend, establishing a choppy structure above this psychological level. According to the latest on-chain data, a significant buy alarm has gone off for BTC, indicating the potential start of a bull market. Has BTC Price Reached Its Cycle Bottom? On Saturday, March 21, popular market analyst Ali Martinez took to the social media platform X to sound a bullish alarm for Bitcoin, the world’s largest cryptocurrency by market capitalization. The crypto pundit posited that the market leader could be at the beginning....
As the end of the month approaches, Ethereum (ETH) is attempting to end February above the crucial $2,000 barrier. Some analysts have suggested that the upcoming monthly close could determine the fate of the King of Altcoin’s price trajectory. Related Reading: XRP Rally Incoming? Analyst Forecasts March-April Recovery If This Level Breaks Ethereum Trajectory Could Be Defined This Weekend On Thursday, Ethereum briefly fell from its recent highs and retested the $1,980 level before bouncing. Notably, the cryptocurrency surged 11% on Wednesday morning, reaching a ten-day high of $2,148, then....
Bitcoin’s recent break above $70,000 is leading to questions of whether this is the start of a new impulsive leg higher or just another stop in a longer bottoming process. Crypto analyst CrypFlow, posting on X, laid out a technical case for why Bitcoin may be in the early stages of forming a major cycle bottom and why October 2026 could mark the launchpad for the next full-scale bull run. The analysis is based on multi-year trendlines, cycle behavior, and the Stochastic RSI indicator. Bitcoin Is Respecting Trendline That Has Held Since 2018 Technical analysis of Bitcoin’s price....