XRP Price Enters Perfect Setup After Buy Retest – Next Stop $3.7
The XRP price is reportedly positioning for a potential breakout as it forms a textbook Falling Wedge pattern, which a crypto analyst calls a perfect bullish setup. After a successful retest of a keg buy zone, technical indicators suggest that XRP is preparing for a powerful move toward the $3.7 level soon. Falling Wedge Setup Signal XRP Price Breakout XRP is currently entering what Robert Mercer, a TradingView crypto analyst, describes as the perfect breakout setup following a prolonged period of consolidation. This technical structure suggests that XRP could potentially experience a....
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“Men lie, women lie, but charts and numbers do not lie,” EGRAG CRYPTO stated in a recent post on X, as he highlighted the importance of the Fib 0.5 level in XRP Dominance. According to him, this level has historically served as a major resistance zone. It acted as a key barrier in October 2019 and November 2020, both instances marking the onset of bear markets. In the current cycle, the Fib 0.5 level has once again proven significant, as it has rejected price advances in January and March 2025. The Knocking On The Door Analogy For XRP To drive his point home, EGRAG CRYPTO introduced what....
Analysts still expect Ethereum to hold its long-term bullish bias on bets that its highly-anticipated technical upgrade this year will be successful. Ethereum's native token Ether (ETH) has dropped by nearly 20% in the last three weeks, hitting monthly lows near $2,900 on April 19. But despite rebounding above $3,000 since, technicals suggest more downside is possible in the near term, according to a classic bearish pattern.Ethereum price 'bear flag' setup activatedDubbed "bear flag," the bearish continuation signal appears as the price consolidates higher inside an ascending parallel....
ICP price is likely to face strong resistance at its 50-day exponential moving average right under $20. The price of Internet Computer (ICP) reversed directions after falling to its record low near $14.50 on Feb. 24 and has rebounded by more than 30% ever since. And now, it appears the 35th-largest digital asset by market capitalization has more room to grow in the coming weeks.ICP breaks out of 'falling wedge'ICP's daily chart shows a falling wedge pattern — a setup consisting of two descending, converging trendlines connecting lower highs and lower lows. The intersecting nature of the....
Ethereum price started to move higher. And, if the bulls remain in action there is a chance of a retest of the $14.20-50 resistance area. Intraday Support Level can be $13.00. Intraday Resistance Level may be $14.20. Ethereum price declined in the 3rd wave to trade near the $12.00 support area, which acted as a perfect buy zone and pushed the price back higher. The price is currently under a minor divergence, suggesting more gains. There is a two point resistance trend line forming on the hourly chart (data feed via Kraken), which can be seen as the next stop for the price. The price has....
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s it for the day – the European markets have now drawn to a close, and it’s time to take a look at the second of our twice daily bitcoin price analyses. We’ve had a pretty rough day from a trading perspective. With this morning’s setup, we looked to get in and out on the breaking of support or resistance, and go after a relatively short term target. A scalp target. Because of our scalp targets, we had to put in place some equally tight risk management parameters, and use these to ensure we got out of the....