XRP Price Structure Points To One Final Shakeout Before A Possible Surge
XRP is in a compression phase, and technical analysis indicates that the price action may be approaching a point where patience turns into panic before direction finally becomes clear. XRP’s chart setup is filled with uncertainty, but there’s one critical support level that could decide XRP’s next move and another price level it needs to overcome for bullish confirmation. Related Reading: Bitcoin Bull Thesis Goes Big: 39 Trillion Reasons To Buy, Says Gemini Founder XRP’s Descending Broadening Wedge Pattern XRP’s price action has been on a downward path of lower highs since the....
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XRP’s price action took a bearish turn last week, but not everyone is viewing the decline as a negative development. A technical outlook shared by crypto analyst Diana asserts that the current move may represent a decisive moment in XRP’s broader market structure. According to the technical outlook, the ongoing selloff is now in a […]
XRP is showing strong signs of a larger breakout on the horizon, but the path higher may not be smooth. Current price action suggests a potential shakeout, clearing out weak hands before momentum builds. With key levels being tested and structure tightening, the next move could set the stage for a much bigger rally. Trendline Breakdown Flips Key Support Into Resistance In a quick XRP update, CasiTrades noted that the price is now breaking below the consolidation trendline that had been holding for weeks, with that level beginning to flip into resistance. That shift aligns with what was....
The XRP price may be on the verge of a huge breakout, as a new wave structure points to a potential surge toward the $18.22 to $23.20 price range in the short term. This distinct wave structure has emerged on the weekly chart, echoing historical patterns and well-defined technical frameworks that preceded a significant rally […]
A crypto analyst has shared a new bold forecast for the Ethereum price, predicting that the number one altcoin is on the verge of an explosive rally to $17,000. The analyst has cited past trends to support his bullish projections, highlighting that Ethereum rallies significantly after a decline. Ethereum Price Forecast Targets $17,000 According to Kiu_Coin, the Ethereum season has just begun, opening up possibilities of price reversals and buying opportunities. Lately, the Ethereum price has been trading sideways, experiencing massive declines that the analyst has described as a “shake....
A quant explains how Bitcoin on-chain data may be used to identify whether a high was because of peak formation or due to a shakeout. Open Interest, Funding Rates, And LTH-SOPR May Signal Whether A Peak Vs A Shakeout As explained by an analyst in a CryptoQuant post, a combination of different on-chain indicators may be able to identify whether a high means the price is forming a peak or if it’s just a shakeout. The relevant Bitcoin indicators here are the open interest, the funding rates, and the LTH-SOPR. Before considering the trend of each, here are some quick explanations of what....