XRP Price Confirms Breakout Above Multi-Month Resistance: Next Targets
Renowned crypto analysts, Dark Defender, Jaydee, and Egrag have provided insights into the recent performance of XRP against the US dollar. All three analysts agree that XRP has confirmed a breakout from a multi-month resistance level yesterday and could be poised for another leg up. XRP Price Successfully Breaks Out In the 4-hour time frame, Dark Defender has highlighted the formation of a “bull flag” pattern. This is usually considered a bullish continuation signal. Prior to the formation of this pattern, XRP experienced a significant upside move and then entered a....
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Crypto analyst Kartik has revealed a technical pattern that has formed for the Ethereum price, indicating a possible breakout may be on the horizon. The analyst further revealed the new targets that have emerged for ETH due to the bullish pattern. Ethereum Price Forms Flag And Pole Pattern In a TradingView post, Kartik revealed that the Ethereum price had formed a flag and pole pattern, indicating that ETH could be set for a breakout. The analyst noted that this pattern has formed while Ethereum is currently on a downtrend from the $4,100 resistance level. In line with this, he revealed....
XRP experienced a brief rally after the US Securities and Exchange Commission acknowledged Grayscale’s XRP ETF filing, momentarily causing bullish momentum. Although the surge has since slowed down, it has once again brought the $3 price level into focus. However, technical analysis suggests that XRP remains on track for higher price targets above $3. Related Reading: Bitcoin ETFs Get $2 Million Boost From National Bank Of Canada Building on this outlook, crypto analyst Egrag Crypto has projected that XRP could be heading toward $15 and possibly $17, citing the strength of its current....
Ethereum is gaining pace above the $3,350 resistance against the US Dollar. ETH price could continue to rise and might even clear the $3,500 level. Ethereum is rising steadily and trading above the $3,350 resistance. The price is now trading above $3,350 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,400 and $3,420 resistance levels. Ethereum Price Targets $3,500 Ethereum formed a base above the $3,120 support....
BNB has once again demonstrated its resilience and strength by breaking through the crucial $605 resistance level. This milestone, achieved after weeks of testing and consolidation, has sparked renewed interest among traders and investors. Following the breakout, BNB has entered a phase of price stabilization, comfortably holding above the $605 mark and transforming it into a robust support zone. This consolidation phase is a classic sign of a healthy market, as it allows the asset to catch its breath after a significant upward move. It also suggests that the breakout was backed by genuine....
Here's what we are looking at in today's bitcoin price action strategy. Having called out our range yesterday evening, we suggested that its width warranted both an intrarange and a breakout approach. We had circa ten dollars’ worth of wriggle room to play with between support and resistance, which is as large, if not larger, than many of the targets we work with on our traditional breakout strategy. This element of our operations turned out to be the most rewarding overnight, as price continued to trade sideways within the confines of our predefined range. Shortly after European markets....