XRP Tests Macro Trendline As Market Eyes Next Expansion
XRP may be approaching another pivotal moment as its long-term cycle pattern continues to repeat. Historically, strong expansion phases have been followed by extended corrections before the market eventually builds momentum for the next major move. With price now nearing key structural support and technical confluence zones, analysts suggest the current consolidation could represent the groundwork for a potential expansion phase ahead. XRP Continues To Respect Long-Term Rising Trendline According to crypto analyst Egrag Crypto, XRP has continued to respect a long-term ascending trendline....
Related News
After being sold, during late US trading on Friday, to a trendline that has provided support since the middle of March bitcoin price is straining higher, early Sunday. The supporting trendline (blue) approximately overlaps a long-term Fib line that originates at the January 2015 low (not shown). Any decline below this trendline will herald a larger decline. Price may poke below it, but what we want to see is a 1-hour candle open below the trendline, as well as, close below it. This is the typical sign that market traders look for to confirm that a supporting level (or chart feature) has....
The Dogecoin price looks set to witness a breakout above the psychological $1 level, having broken a resistance trendline. Crypto analyst Trader Tardigrade provided a timeline for when this massive surge could happen as DOGE rallies to a new all-time high (ATH). Dogecoin Price Eyes Rally Above $1 Following Breach Of Resistance Trendline In an […]
IBEX Mercado secured $4 million in funding through a seed round of investments strengthening the company’s goals for expansion in the Americas and Europe.
Bitcoin price is climbing in a choppy advance. Is this the base of a large advance, or just an upward correction in a sideways spell? No telling what is happening in the chart… a setup for advance, or decline? Or a long consolidation above $550? The 1hr chart (not shown) continues to signal wildly and we pay it no mind. However, the 4hr chart (above) is interesting because it had previously given us a false buy signal, and is now on the verge of signaling a sell signal. Do we believe it? Not without 1hr confirmation, and the 1hr chart is nowhere near signaling decline in any of its....
XRP is showing signs of calm, but the underlying structure tells a different story. Following a major breakout, the price has shifted into a tight consolidation range, often a precursor to powerful expansion moves. With key support levels holding and momentum quietly building, the stage appears set for a breakout that could catch many off guard. XRP Breaks Free: Multi-Year Compression Finally Gives Way EGRAG CRYPTO highlighted a major structural shift in XRP that many market participants may be overlooking. According to the analyst, XRP has broken out of a multi-year compression phase....