Is The XRP Bottom Finally In? Here’s What Experts Say
The XRP price fell as low as $2.0238 on Monday, potentially forming a local bottom. Since then, the XRP price is up almost 6%, however, the possibility of a deeper retracement remains. Two prominent chartists—CasiTrades (@CasiTrades) and Charting Guy (@ChartingGuy)—have shared their perspectives on whether the token has found its local bottom or if further downside might still be on the table. Is The XRP Price Bottom In? According to CasiTrades’ newly published chart, XRP appears to have tested the 0.786 Fibonacci retracement at $2.05 and is now showing bullish divergences across multiple....
Related News
Bitcoin is approaching a price level that has, without exception, led to the absolute bottom of every major bear market cycle in its history, and on-chain indicators show the moment of maximum opportunity may be drawing near for Bitcoin traders to capitalize on an incoming rally. Bitcoin’s Historical Bottom At The 200-Week Moving Average One […]
Crypto analyst Sykodelic has declared that the Bitcoin bleed is almost over and suggested that BTC is unlikely to drop to $40,000 as some experts predict. He alluded to the 2022 bottom to explain why the leading crypto is likely to find a bottom soon and begin a new bull cycle. Analyst Explains Why Bitcoin Will Soon Find A Bottom In an X post, Sykodelic said the Bitcoin bleed is almost over and that people expecting a drop to the $40,000 range will be sidelined. He further remarked that this is how people who were waiting for a drop to $12,000 were sidelined during the 2022 bottom.....
Bitcoin price action is fickle lately, moving mostly sideways with a number of unsuccessful breakout attempts. The fact that $30,000 simply won’t break brings back memories of bear market support at $6,000 – which after a full year finally broke down to the real bottom. The leading cryptocurrency by market cap did something similar after […]
As Bitcoin (BTC) trades below $70,000 following its latest decline, a crypto analyst is watching for a potential market bottom. His analysis suggests that a price floor could be near, as bearish momentum and selling pressure appear to be slowing. The analyst has pointed to a key indicator that has consistently signaled BTC’s bear-market lows […]
Uniswap’s governance token – dubbed UNI – has been struggling to form a long-term bottom, as each rally results in it seeing significant selling pressure that stunts its growth and leads to further downside. This has led to the token seeing choppy price action, which has generally favored sellers. Bulls are now trying to slow […]