XRP’s Perfect Triangle Setup Predicts Sharp Bounce Above $3, What’s next?
After falling below $3, the XRP price looks to be entering into another triangle setup that could ultimately end up in a breakout. This formation on the 4-Hour chart began back in the month of July and could be headed to a natural close in the next few weeks, especially as sellers look to be tiring out at this level. The Support Level To Watch For XRP Pseudonymous crypto analyst TheSignalyst pointed to an interesting formation on the XRP price chart amid the descent into bearish territory. This is the formation of what the analyst has referred to as the “perfect triangle” setup, with the....
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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....
A crypto analyst is predicting a massive price breakout for the XRP price, the native token of the XRP Ledger (XRPL). Despite XRP’s sluggish price performance, the analyst believes that this cryptocurrency could soar as high as 42,263%, potentially hitting an ambitious price target of $280 this bullish cycle. Roadmap To XRP’s $280 Price Increase In an X (formerly Twitter) post on August 22, crypto analyst, Javon Marks expressed his optimistic projections for XRP, highlighting critical points where the cryptocurrency is most likely to experience a significant upward momentum. Sharing a....
Shiba Inu has spent the past several days trading in a downward path after a failed breakout attempt above $0.000015 earlier this month. Despite the cautious sentiment among investors, Shiba Inu’s chart structure on the 2-day candlestick timeframe is pointing to an interesting structure. Related Reading: Shiba Inu Completes Bullish Setup: Why A 138% Climb Could Be In The Works A technical analysis by crypto analyst Jonathan Carter highlights a descending triangle formation that could set the stage for a strong bullish move. The setup suggests that if support holds, SHIB could be preparing....
The latest ETH plunge has triggered a bearish continuation setup, with an interim downside target 20% below the current prices. Ethereum's native token Ether (ETH) fell on the final trading day of Q2/2022, trading in sync with riskier assets amid persistent fears of higher inflation and rising interest rates. And it could result in further declines heading into Q3.ETH price breakdown underwayETH's price plunged nearly 5% this June 30 to $1,044 following a four-day losing streak. The ETH/USD pair has also broke below its interim rising trendline support, which in conjugation with a....
Bitcoin price could be due for a triangle breakout this week as there are top-tier catalysts on deck. Bitcoin Price Key Highlights. Bitcoin price is still stuck inside its symmetrical triangle consolidation pattern on the 4-hour time frame. Price is hovering close to the support around $450 for now, still deciding whether to make a bounce or break. A bounce could lead to a test of resistance at $455 while a breakdown could trigger a longer-term downtrend for bitcoin. Technical Indicators Signals. The 100 SMA is above the 200 SMA on the 4-hour time frame so a bounce seems more likely.....