Bitcoin Propped For Major Breakout By September, Analyst Explains Why

Following the Bitcoin halving in April, analysts and investors remain on the edge of their seats in anticipation of a major price breakout by the maiden cryptocurrency. While Bitcoin did rise to $71,443 in the past week, the token soon suffered a retracement falling as low as $66,936.  Interestingly, renowned analyst with X handle Rekt Capital has provided an interesting insight into this recent price movement and also predicted the period BTC may finally embark on a highly-anticipated bullish run.  Related Reading: Bitcoin Price Enters Make Or Break Zone: Analyst Reveals Important Levels To Watch Bitcoin To Consolidate For A Long Time – Analyst In a series of X posts on May 24, Rekt Capital noted that after the halving event, Bitcoin entered the post-halving danger zone, a period during which the token lost about 11% of its value. Following this phase, the most-priced cryptocurrency attempted a breakout which encountered a rejection at the range high zone ($71,500) of the macro re-accumulation range. #BTC Since the Bitcoin Post-Halving “Danger Zone” ended, Bitcoin broke out to $71500 However, ~$71500 is where the Range High resistance of the Macro Re-Accumulation Range is and this is where Bitcoin rejected from The consolidation continues and history suggest it will https://t.co/YjZzimnFj9 pic.twitter.com/JGji7ZYOSe Rekt Capital (@rektcapital) May 24, 2024 For context, this range represents a long-term consolidation phase where Bitcoin accumulates value before potentially breaking out to new highs. Rekt Capital states that Bitcoin being rejected at the $71,500 price region is quite expected as BTC never breaks through the high side of the re-accumulation range on the first attempt after halving.  Based on historical price data, Rekt Capital anticipates Bitcoin will now remain in consolidation for multiple weeks until 160 days after halving before finally experiencing its major price breakout in September. During this time, the premier cryptocurrency is expected to trade between $60,000 and $70,000 which will result in variations in the portfolio valuation for long-term investors.  However, this price consolidation can also present opportunities for these investors to buy Bitcoin near the lower boundary of the range thus consistently accumulating at relatively stable prices. Meanwhile, short-term traders such as swing traders or day traders are likely to capitalize on these expected price fluctuations between an established support and resistance which could result in significant profit. Related Reading: Bitcoin Bulls Gain Breathing Room As Long-Term Holder Activity Eases Glassnode BTC Price Overview  Bitcoin is currently trading at $68,720, marking a 2.27% gain in the last day, a 2.31% gain over the past week, and a 6.90% increase in the last month. Despite these gains, its daily trading volume has dropped by 45.68%, now valued at $24 billion. BTC is also 6.94% below its all-time high of $73,750. The recent price rise amid declining trading volume suggests cautious investor sentiment, with Bitcoin consolidating within a narrow range as the crypto market leader once again approaches significant resistance levels. Featured image from The Economic Times, chart from Tradingview

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Solana Price Analysis: SOL Targets Breakout Above $175 Resistance

Solana (SOL) is experiencing positive momentum in the market, with its price on the rise. The market is now displaying a bullish sentiment, and this has also influenced other altcoins. Technical indicators like RSI and MACD suggest a strong upward trend, prompting both traders and investors to keep a close eye on SOL as they […]

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XRP High Stakes Setup: Analyst Warns Of Sharp Move To $17 Or $0.65

Renowned market analyst Egrag Crypto has shared another puzzling XRP price prediction stating the altcoin is at a major technical crossroads. This development follows a resilient price performance in the past week during which XRP gained by 2.07% as the broader crypto market stands bullish despite the announcement of new US trade tariffs. Related Reading: Cardano (ADA) At A Crossroads As Fibonacci Level Indicates Potential Fall To $0.42 Ascending Wedge Signals Incoming Volatility Which Way Will XRP Break? In an X post on April 5, Egrag Crypto issued a dual price forecast on the XRP market based on the potential implications of a forming Ascending Broadening Wedge pattern. Also known as the megaphone pattern, the chart formation signals increasing volatility and investor indecisions. It looks like a widening triangle with two diverging trendlines, as seen in the chart below. The Ascending Broadening Wedge presents high unpredictability and offers a 70% chance of a downside breakout and a 30% probability of an upside breakout. However, despite this statistical bias, the analyst postulates the chances of an upside remain valid if certain conditions are met. According to the analyst, XRP must first close above $3.50 for a bullish scenario to start taking shape. In doing so, the altcoin would surpass the local peak of the current bull cycle and confirm intentions of an upward momentum. Following this move, XRP bulls should then aim for the $5 rangeanother key resistance level that could determine the asset’s next major move. Interestingly, Egrag explains that a failure to convincingly close above $5 would only be a critical development that completes the formation of the Ascending Wedge Pattern and increases the likelihood of a breakout. If this rejection occurs, XRP is expected to retest the $1.90 area and make a second push toward the $5, this time breaking through and closing above $6. Egrag states the breakout above $6 would validate the bullish run and likely spark a surge toward double-digit territory with a potential target at $17.50 based on the Ascending Wedge Pattern. However, should XRP bulls fail to meet these conditions or follow this sequence, the historical 70% chance of a breakdown points to a downside target of around $0.65. Related Reading: Ethereum, Solana And Cardano Trend After Crypto Crash Heres What You Should Know XRP Price Overview At the time of writing, XRP trades at $2.14 reflecting a price gain of 0.60% in the past day. Meanwhile, the tokens trading volume is down by 62.92% in the past day indicating a fall in market engagement and a declining buying pressure following the recent market gain. In making any significant uptrend, XRP bulls must first reclaim the following resistances at $2.47 and $2.61 while avoiding any slip below the $2 support zone. Featured image from Outlook Business, chart from Tradingview

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Hedera (HBAR) Struggles at Resistance; What Happens If $0.15 Fails?

Following a price drop, Hedera Hashgraph’s native cryptocurrency, HBAR, has recovered. The recent development of a double-bottom structure close to key support levels has enabled the price to regain the $0.1611 price.  Currently, HBAR is trading just below the key $0.16328 threshold, but the uptrend momentum is restrained. For HBAR’s bearish trend to be overcome, […]

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Troller Cat Woos Presale Lovers as Popcat and Cat in a Dogs World Light Up Meme Coin Charts

Troller Cat steals the presale buzz as Popcat and Cat in a Dogs World rally. Find out why TCATs whitelist is catching severe heat.

The post Troller Cat Woos Presale Lovers as Popcat and Cat in a Dogs World Light Up Meme Coin Charts appeared first on Kanalcoin.

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XRP Surges 12% As Bulls Take Charge, Expert Raises Target To $1.4

XRP has shown notable signs of renewed bullish momentum in the market. It bounced back from a significant 11% price drop on April 12th, which took the token to its lowest level of the year at $0.4230.  However, last week saw a solid 12% price recovery, with XRP outperforming the other top 10 altcoins in the market, behind only Solana (SOL) and Binance Coin (BNB).  Signs Of A Strong Bullish Trend Ahead For XRP?  On Tuesday, XRP hit a high of $0.5571, demonstrating its bullishness and outperforming its peers. This resurgence was paired with a spike in wallet activity, a positive sign for the token’s overall market sentiment.  According to the network intelligence platform Santiment, the number of wallets holding at least 1 million XRP has steadily increased over the past six weeks, rising by 3.1%. It is now just one wallet away from reaching an all-time high (ATH). Related Reading: Standard Chartered Reaffirms $150,000 Bitcoin Price Target By Year-End In addition, crypto analyst Ali Martinez reported a notable buying spree among XRP whales, who purchased over 31 million tokens in the past week alone. This has contributed to the cryptocurrency’s price recovery, emphasizing renewed confidence in its uptrend prospects. Regarding price action, market analyst Egrag Crypto points out that XRP has formed a double bottom pattern, considered a strong bullish signal. This pattern, combined with the transition of the consolidation zone into a supply zone and the wicking area into a demand and accumulation zone, indicates a promising outlook for the token, according to the analyst.  Egrag Crypto is confident that a significant price spike or “thrust” is imminent, and the analyst has updated his target to $1.4 for XRP.  Critical Resistance Levels To Watch  Despite initial bullish outlooks for XRP, the token has retraced to the $0.5474 price level as of the time of writing, accompanied by a 14% decrease in market capitalization over the past 30 days. Moreover, as XRP aims to reach higher levels, potential resistance barriers may impede the token’s recovery and the bullish trend. Analyzing the XRP/USD chart below reveals the immediate resistance at $0.5644, which has prevented consolidation above current levels for the past week. Related Reading: The Cardano $1 Dream: Is A Price Explosion Coming Or Just Deja Vu? After that, the final obstacle before a retest of the $0.600 zone lies at the $0.5884 level. This level previously served as a support floor for the token, leading to a rebound during the uptrend seen in March, which took XRP to its yearly high of $0.745. Conversely, monitoring the support levels at $0.52910, $0.5184, and $0.5044 is crucial. If a bearish scenario develops in the coming days, these levels may prevent XRP from falling below $0.500. Featured image from Shutterstock, chart from TradingView.com

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Solana (SOL) Market Recovery: Targeting $169.81 as Price Shows Positive Momentum

Solana (SOL) showing bullishness and experiencing surge in its price while the overall market is in nuetral phase. Now SOL is on its journey to recover the losses from recent market volatility. At the time the market is showing the signs of positive movement, SOL is one of the coins benefitting from this surge. Currently, […]

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Ethereum Make-Or-Break Moment: This Key Level Determines Path To Reach $7,000

Despite Ethereum (ETH) recently losing the critical $3,000 threshold due to broader cryptocurrency market corrections influenced by escalating regulatory tensions between the US and China, optimism for the leading altcoin persists.  As of now, Ethereum has rebounded nearly 10%, trading just above $2,800, which places it above key support levels that could pave the way for new record highs in this bullish cycle. Critical $2,700 Level: Key For ETHs Bullish Structure Throughout this market cycle, Ethereum has struggled compared to its peers. With a year-to-date (YTD) increase of only 21%, it has significantly lagged behind other cryptocurrencies like Solana (SOL) and XRP, which have recorded impressive gains of 120% and 420%, respectively. Despite this, crypto analyst Ali Martinez has pointed out that Ethereum must maintain the $2,750 support level to establish a foundation for a potential surge to $6,760.  In another analysis, Martinez noted that if Ethereum forms a head-and-shoulders patterna common technical chart patternthe altcoin needs to stay above $2,700 to preserve its bullish structure, with a target of reaching $7,000.  This indicates that the $2,700 level is pivotal for Ethereum’s potential to achieve a new record high, suggesting a possible 150% increase if these scenarios materialize. Another analyst, known as Morecryptoonl, cautioned that the market lacks substantial structure at present, indicating that a break above the recent local low of $2,909 would signify a more stable price environment. He emphasized the importance of maintaining support above $2,236 for a more robust recovery. Trump Family Backs Ethereum Adding to the optimism, the Trump family has shown notable support for Ethereum. World Liberty Financial (WLFI) recently purchased an additional 1,826 ETH, amounting to approximately $5 million.  According to Lookonchain data, with a total investment of 61,114 ETH for $205 million at an average price of $3,354, WLFI has sustained a loss of about $31 million on this position. Moreover, Trumps crypto venture also transferred significant amounts of various cryptocurrencies, including 86,296 ETH ($235 million) and 647 WBTC ($65.5 million), to Coinbase Prime, indicating a strategic positioning within the crypto market. Further bolstering Ethereum’s prospects, recent ETF flows reveal a noteworthy trend: while approximately 2,400 BTC were sold on February 3, ETH exchange-traded funds (ETFs) saw net inflows of $83.6 million.  This contrasts sharply with the $234.4 million in net outflows from Bitcoin ETFs, suggesting that institutional investors are increasingly confident in Ethereum’s future, despite recent price corrections. Trading at $2,819, ETH is down as much as 21% on a monthly basis, with a 42% gap to its all-time high of $4,878 reached during the 2021 bull run. Featured image from DALL-E, chart from TradingView.com

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XRP At Critical Juncture As Price Restests 21 EMA Details

The XRP market experienced a downbeat end to January translating into a 7.05% loss over the past seven days. In regards to future price movements, popular analyst Egrag Crypto states the altcoin is currently at a key crossroads with an equal chance to move in either a positive or negative direction. Related Reading: Dogecoin Whales Go Ham As They Buy 560 Million DOGE In One Week  XRP Set For Price Breakout, But How High Can It Go? In an X post on February 1, Egrag Crypto explains that XRP’s recent slump has resulted in the asset retesting two crucial levels namely the 21 EMA and and the lowest boundary of a symmetric triangle. The exponential moving average (EMA) is a technical indicator that smoothens out price data over a period of days (i.e. 21 in this case) while giving more weight to recent prices. It is commonly used in trend confirmation with a price dip below the EMA line indicating a bearish trend and vice versa for a bullish trend. On the other hand, a symmetric triangle formed by price movement signals a period of consolidation before a decisive price breakout. With the price of XRP simultaneously hovering near the 21 EMA line and the lower boundary of the symmetric triangle around $2.93, the altcoin presents a rather delicate situation to traders and investors alike. According to Egrag Crypto, further declines for XRP are possible. However, prices are unlikely to fall below $2.83 ( the ascending purple line) which has served as a strong support zone based on historical data. However, based on the sole analysis of the symmetrical triangle, a break below the lower boundary could force XRP to trade as low as $2.40. Alternatively, should XRP break above the upper boundary of the triangle, it could immediately rally to $4. Egrag Crypto warns that both breakout possibilities are equally weighted. Therefore, the XRP market is subject to high levels of volatility over the coming days. Related Reading: Avalanche Forms A Falling Wedge On The Daily Chart Breakout Target Set At $56 Whales Offload 70 Million XRP In 4 Days In other news, crypto expert Ali Martinez reports that XRP whales are currently on a selling spree having offloaded 70 million XRP, valued at $204.4 million, over the past day. High selling activity especially from whales is a bearish signal that signals uncertainty about the future profitability of an asset. Alternatively, certain long-term holders may be looking to take profit. However, XRP retail investors may expect more price drops in the short term, barring the introduction of significant buying pressure. At press time, XRP trades at $2.93 reflecting a 3.10% decline in the past day. Meanwhile, the asset trading volume is down by 12.60% and valued at $4.06 billion. Featured image from iStock, chart from Tradingview

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Ethereum Flashes Bullish Divergence Is A Rally On The Horizon?

The price of Ethereum (ETH) has shown some significant change in the past day rising by 1.86%. However, according to trading data from CoinMarketCap, the popular altcoin has recorded negative growth since December 2024 despite some significant gains in the past month. Interestingly, underlying market activity points to a potential price breakout. Related Reading: Ethereum Price Spikes 5% In A DayWill the Rally Continue? Ethereum Sees Strong Accumulation Activity Amid Price Dip Ever since touching the $4,000 price mark, Ethereum has slipped into a downtrend falling as low as $3,000. Amidst notable gains by Bitcoin in January, Ethereum continues to struggle hitting consistent lower lows during this period. However, a CryptoQuant market expert with the username Crypto Sunmoon has noted an increase in market buying volume amidst the current price dip indicating a bullish divergence in the ETH market. For context, a bullish divergence occurs when an asset’s price is making lower lows while a momentum indicator is making higher lows, thereby hinting at a potential reversal or upward movement. As for Ethereum, the increase in buying volume amid falling prices indicates a strong demand from buyers especially at the current price levels. This development further suggests a strong confidence in the asset’s profitability as investors expect buying pressure to surpass selling activity in the coming days. Based on historical data, Crypto Sunmoon predicts Ethereum may experience a price surge such as the one in May 2024 when a similar bullish divergence last occurred. During that month, ETH rose by over 21% suggesting the altcoin will likely return to $4,000 if the projected price breakout occurs, according to current market prices. Related Reading: Ethereum Price Forms Falling Wedge Pattern On 1-Day Chart That Suggests 20% Rally Is Coming ETH Long-Term Holders Signal Strong Market Confidence  In other news, IntoTheBlock reports that long-term holders of Ethereum currently boast an average holding time of 2.4 years showing massive confidence in Ethereum’s future value potential. However, Ethereum faces other issues including an absence of short-term participants which prevents ETH from experiencing significant levels of speculative trading that can drive up price appreciation. Furthermore, the rapid growth of layer 2 solutions such as Optimism, and layer 1 blockchains such as Solana are also tampering with the potential market demand and attention for Ethereum. At press time, ETH trades at $3,306 after a gain of 1.86% over the past day as earlier stated. Meanwhile, the asset’s daily trading volume has increased by 55.69% resulting in a value of $30.3 billion. On larger time frames, Ethereum is also up by 0.22% on its weekly chart but down by 2.27% on its monthly chart leaving much to desire for many short-term investors. Featured image from iStock, chart from Tradingview

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Dogecoin Sees Quiet Breakout As Data Signals Rally Continuation

Dogecoin has finally surged above the crucial $0.48 resistance level, briefly reaching $0.484 before pulling back slightly. This marks a significant development for the meme coin, as it had struggled to break past this level for weeks. The move has sparked renewed optimism among traders and investors who see potential for further upside. Related Reading: XRP Price Forecast Analyst Sets $4 Target After Potential Retrace Key data from blockchain analytics firm Santiment highlights that Dogecoin, along with other meme coins, is experiencing mini breakouts this weekend. This trend suggests increasing bullish momentum in the meme coin sector, often viewed as a precursor to broader market rallies. The data indicates rising trading volumes and heightened on-chain activity, both of which point to sustained interest in Dogecoin. If this momentum continues, Dogecoin could be on the verge of extending its recent gains, with many market participants eyeing the $0.50 psychological level as the next target. A successful breakout above $0.50 could pave the way for even higher levels, further fueling the ongoing rally. However, failure to maintain its upward trajectory might lead to a period of consolidation. Dogecoin Sets The Stage For New Highs Dogecoin is positioning itself for higher prices as it continues its upward trajectory, but the latest breakout lacked the explosive momentum many anticipated. Despite pushing past critical levels, Dogecoin failed to sustain its price above the previous high, signaling a need for more significant buying pressure to maintain its rally. Blockchain analytics platform Santiment has shed light on the recent activity, revealing that meme coins like Dogecoin, Pepe, Dogewithhat, and Bonk are experiencing mini breakouts this weekend. According to their data, larger wallets, often referred to as “whales,” have been instrumental in driving up market caps for these coins. This trend is expected to continue until retail FOMO (fear of missing out) resurfaces, potentially pushing prices higher in the short term. However, the dynamics of meme coin markets suggest caution. Santiments analysis shows that when social dominance for these tokens spikes significantly, it often signals a market top. Whales typically capitalize on heightened retail enthusiasm, offloading their holdings at inflated prices. This pattern frequently results in a sharp retrace as prices correct following the sell-off. Related Reading: Cardano Whales Keep Buying Price Holds Above Crucial Mark Santiment also shared a comparative chart tracking social dominance across these meme coins, highlighting past instances where peaks in attention preceded pullbacks. For Dogecoin, maintaining its current momentum while avoiding overbought conditions will be critical to sustaining its rally. Price Testing Fresh Supply  Dogecoin (DOGE) is currently trading at $0.46, following a failed attempt to break decisively above the $0.48 level. The price remains in a consolidation phase, struggling to build enough momentum to push beyond the psychological $0.50 mark. Despite this, the broader market sentiment remains bullish, offering a supportive backdrop for potential price advances. The current environment suggests that Dogecoin is likely to continue ranging below $0.50 in the near term. However, if bulls can muster the strength to break above this critical level and sustain it for a few days, a massive breakout could be on the horizon. Breaking and holding above $0.50 would likely signal renewed buying interest, setting the stage for a strong rally. The bullish market conditions driving other major cryptocurrencies could also work in Dogecoins favor, provided that overall sentiment continues to improve. Still, traders should watch for clear confirmation of a breakout before expecting significant price movements. Related Reading: SUI About To Break ATH Again Can Bulls Target $4.20 This Week? A failure to break and hold above the $0.50 level could result in prolonged consolidation, delaying any meaningful upward momentum. For now, all eyes are on whether DOGE can capitalize on the broader market’s optimism and make a decisive move toward higher price targets. Featured image from Dall-E, chart from TradingView

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Dont Fade Dogecoin! Analyst Says DOGE Is About To Rally

Dogecoin is on the verge of breaking out from a 23-day consolidation range, setting its sights on new local highs. The meme coin has held steady within this range, but market momentum suggests it could soon surge higher. Analyst Crow has shared an optimistic technical analysis and told his followers not to fade DOGE as it’s about to run. This statement highlights the growing anticipation around Dogecoins price action, fueled by the broader crypto market rally. Related Reading: $1.87B Bitcoin Withdrawals From Coinbase In 24H What This Means To Price Bitcoins recent breakout to a new all-time high above the $100,000 mark has reinvigorated market sentiment, creating a bullish environment that could benefit altcoins like Dogecoin. As BTC leads the charge, DOGE appears poised to follow, with its next move likely determining whether it continues its upward trajectory or remains trapped in its current range. A successful rally could solidify DOGEs position as a market leader in the altcoin space. However, failure to break resistance could lead to extended consolidation. For now, all eyes are on Dogecoin as it inches closer to a decisive move, potentially igniting fresh excitement in the market. Charts Suggests Dogecoin Is About To Run Again Dogecoin has been trading in a sideways range since November 12, with bulls struggling to regain the momentum that previously fueled its massive rally. This prolonged consolidation has left many investors questioning whether DOGE can reclaim its former glory. However, the broader market sentiment, driven by Bitcoins historic breakout above the $100,000 mark, offers a glimmer of hope. Positive price action across the crypto market suggests that Dogecoin may be gearing up for another significant move. Related Reading: Bitcoin Price Supported By All-Stablecoins Cash Inflow Data Reveals Strong Correlation Historically, Dogecoin has demonstrated its ability to outperform during bullish market conditions. Its most recent rally saw an impressive 225% surge, capturing the attention of retail and institutional investors alike. With Bitcoin leading the charge, Dogecoin appears ready to follow suit. The meme coins resilience in maintaining its range and the improving sentiment across the market could set the stage for its next massive rally. Top analyst and investor The Crow has added to the excitement, sharing a technical analysis on X with a bold message: “Do not fade the father of all meme coins.” This statement highlights the growing optimism among seasoned traders who believe Dogecoin is positioned for a breakout. If DOGE can break out of its current range and reclaim momentum, it may continue its rally, setting new highs. However, failure to do so could result in extended consolidation or even a potential correction. The coming days will be critical as Dogecoin attempts to capitalize on the renewed market enthusiasm sparked by Bitcoins record-breaking performance. Can DOGE Reach $0.50 This Week? Dogecoin has been battling a stubborn 4-hour resistance at the $0.455 level, keeping the meme coin indecisive. Breaking above this resistance would position DOGE to retest the $0.48 local high, a critical level that could determine its next significant move. If bulls break above $0.48 and hold it as support, a massive breakout will likely follow, potentially propelling DOGE toward new highs. This scenario aligns with Dogecoins historical behavior during bullish market phases, where overcoming key resistance levels often leads to explosive rallies. The broader markets strong momentum, led by Bitcoins recent surge above $100,000, provides an additional tailwind for DOGEs bullish prospects. However, the risks of failure remain. If DOGE cannot break above $0.455 and $0.48, the price may remain stuck in its current consolidation phase. Extended sideways movement could test investor patience, and a potential correction could drive the price toward lower demand levels. Related Reading: XRP Reaches 6-Year High Whales And STH Accumulate Together The coming days are critical for Dogecoin as it attempts to regain momentum and capitalize on the broader markets strength. Breaking through key resistance levels will determine whether DOGE reclaims its bullish narrative or faces further consolidation. Featured image from Dall-E, chart from TradingView

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XRP Under The Microscope: Will It Break $2.9? Key Support Levels And Future Targets

XRP, the third-largest cryptocurrency by market capitalization, has recently outperformed the top ten cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). This significant momentum comes as investor sentiment grows in anticipation of clearer regulatory frameworks in the United States, especially following Donald Trumps election.  In addition, Securities and Exchange Commission (SEC) Chairman Gary Gensler recently announced his departure effective January 20, which many believe could pave the way for increased adoption and institutional investment in XRP. This could be achieved through the XRP exchange-traded fund (ETF) market, which is being pursued by asset managers such as Canary Capital, Bitwise, WisdomThree, and 21Shares.  With the change in leadership at the agency, the odds of approval continue to rise, especially as the pro-crypto nominee to replace Gensler, Paul Atkins, is shaping up to lead the new era of regulation in the country.  Key Fibonacci Resistance Ahead For XRP Over the past thirty days, XRP has experienced a remarkable surge of 400%, culminating in a six-year high of $2.91 reached over the past weekend.  This surge has been further supported by a substantial increase in market capitalization, which has risen by $120 billion in the last three weeks, bringing XRP’s total market cap to approximately $140 billion. Related Reading: Analyst Says Dogecoin Price At $1.3-$1.5 Is Still Possible, Heres Why Despite these encouraging trends, crypto analyst DarkDefender has emphasized the importance of monitoring specific price levels in the coming days. In a recent social media post on X (formerly Twitter), he detailed critical Fibonacci levels for XRP.  The analyst identified $2.92 as a significant Fibonacci resistance level, noting that XRP briefly reached $2.90 before experiencing a normal corrective phase.  DarkDefender highlighted the necessity of holding certain support levels, particularly $2.13 and $1.88, if XRP cannot break through the $2.92 resistance.  The analyst expects that the token could bounce between these levels for a “few days,” but if the token breaks above $2.92, it could target a new mid-range level of $3.99. This would mean a new all-time high for the token above its current record mark of $3.40, in the scenario that the token rises 59% as expected by DarkDefender. Trading Volume Surges Past Bitcoin And Ethereum Adding to the positive outlook, financial analyst Jacob King pointed out a historic milestone for XRP: during the current uptrend, XRP’s trading volume has surpassed the combined volumes of Bitcoin and Ethereum for the first time.  Related Reading: Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout Over the past 24 hours, XRPs trading volume reached an impressive $2.19 billion, significantly higher than Bitcoin’s $1.6 billion and Ethereum’s $531 million, underscoring the heightened interest from investors in the XRP token. At the time of writing, the markets third largest token trades at $2.50, recording a 7% correction in the 24 hour time frame. Featured image from DALL-E, chart from TradingView.com

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XRP Price Readies For Record-Breaking Peaks As Bollinger Bands Signal 490% Upswing

As the cryptocurrency market faces a significant price correctionled by Bitcoin (BTC) and Ethereum (ETH), which have retraced 2.2% and 4.6% respectivelythe XRP price shows early signs of a potential explosive surge. Currently trading at $2.21, the XRP price has recorded a nearly 5% gain in the past 24 hours, finding strong support just below [...]

The post XRP Price Readies For Record-Breaking Peaks As Bollinger Bands Signal 490% Upswing appeared first on Crypto Breaking News.

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XRP Reaches 6-Year High Whales And STH Accumulate Together

XRP has soared to a remarkable $2.49, marking its highest market value since January 8, 2018. This impressive milestone follows an astounding 395% price surge since November 5, reflecting renewed investor enthusiasm and strong market momentum. The rapid rally has reignited discussions about XRPs potential as one of the standout performers in the crypto market. Related Reading: Dogecoin Ready To Hit $1 Price Struggles To Break Above Major Resistance Key data from blockchain analytics firm Santiment highlights a significant accumulation trend among large holders. In three weeks, wallets holding 1M-10M XRP have amassed 679.1 million tokensequivalent to $1.66 billion. This aggressive accumulation underscores increasing confidence in XRPs prospects, particularly as the broader market exhibits bullish sentiment. Analysts suggest the coming weeks could bring further upside for XRP and the overall crypto market, driven by heightened interest and strong demand. As XRP tests these new highs, the focus will shift to whether it can sustain this momentum and break through psychological resistance levels. With market dynamics favoring a bullish outlook, XRPs performance could set the tone for altcoins entering the next phase of this market cycle. Investors now keenly observe XRPs trajectory as it navigates this critical juncture. XRP Extends Record-Breaking Rally  XRPs remarkable uptrend shows no signs of slowing, with the asset surging 30% in under 24 hours, breaking decisively above the $2 mark. Following a brief consolidation below $2, this rally has pushed XRP to an impressive $2.49a level unseen since January 8, 2018. Recent blockchain data from Santiment reveals the underlying strength driving this surge. Key accumulation trends show wallets holding 1M-10M XRP have collectively added 679.1 million tokens to their holdings in just three weeks. This translates to a staggering $1.66 billion, signaling renewed confidence among large holders. Additionally, XRPs total non-empty wallets have reached a historic milestone, surpassing 5.5 million for the first time in the cryptocurrencys 8+ year history. The convergence of these bullish metrics confirms that demand for XRP is intensifying, fueling its record-breaking rally. Analysts and investors are watching closely, noting that the continued expansion in wallet activity and accumulation patterns strongly supports XRPs upward momentum. Related Reading: Dogecoin Consolidates Below Key Supply Level Analyst Expects Rally Soon As XRP capitalizes on these bullish trends, its ability to sustain and build on this momentum will be crucial. If accumulation and wallet growth persist at this pace, XRP could redefine its position in the crypto market, setting new benchmarks for its next leg up. XRP Price Holds At $2.30 XRP is trading at $2.30, consolidating after a remarkable rally that saw it touch $2.50, nearing its all-time high. This marks an extraordinary performance, with XRP achieving significant gains over the past month as it revisits price levels last seen in 2018. The bullish momentum remains intact, and traders closely monitor the $2.30 level as a key support. If XRP holds above this level in the coming hours, a breakout past $2.50 seems increasingly likely, setting the stage for the asset to test even higher resistance levels. However, failure to maintain the $2.30 support could lead to a short-term pullback, with the price likely finding demand at $2.08. This critical level could provide a foundation for further consolidation before XRP attempts another push upward. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level Analyst Shares Price Target As market participants continue to watch XRPs price action, its ability to sustain these levels will determine the trajectory of its next move. With bullish sentiment still driving demand, the coming hours are crucial for XRPs bid to solidify its position above $2.30 and aim for new milestones beyond $2.50. Featured image from Dall-E, chart from TradingView

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XRP Makes A Strong 20% Surge, Pushing Past BNB To Become 5th Largest Crypto

XRP experienced a notable surge of over 20% on Friday, outperforming leading digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This increase has propelled XRP to become the fifth-largest cryptocurrency by market capitalization, now exceeding $107 billion. As of the latest trading data, XRP is priced at $1.87, reflecting a remarkable 99% increase over the past two weeks. This performance has allowed XRP to surpass Binance Coin (BNB) in market capitalization, signaling a resurgence of investor interest. XRP Breaks Free From Three-Year Stagnation The recent rally marks a significant turnaround for XRP, which had been consolidating between $0.30 and $0.60 for nearly three years.  This period of stagnation was largely attributed to the end of the 2021 bull run and the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC).  Related Reading: Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each The SEC’s classification of XRP as an “unregistered security” has created substantial uncertainty for investors, particularly in the US, which has impacted the token’s market performance. However, recent political developments in the United States have contributed to a renewed sense of confidence among crypto investors.  Following Donald Trumps victory on November 5, where he defeated current Vice President Kamala Harris, the cryptocurrency market saw a significant recovery. Bitcoin, in particular, reached a new all-time high of $99,540, leading this resurgence. Trump’s election promises to overhaul regulatory frameworks, including the dismissal of SEC Chair Gary Gensler on his first day in office, have further fueled optimism.  Gensler has announced his departure from the agency effective January 20, coinciding with the presidential inauguration, raising hopes that the protracted legal dispute between Ripple and the SEC may soon be resolved.  This potential resolution could pave the way for increased investment in XRP and the introduction of new investment products, such as exchange-traded funds (ETFs) focused on the token, with several asset managers having already filed applications. New Price Targets And Support Levels In terms of technical analysis, crypto analyst DarkDefender has noted that XRP has successfully broken through a critical resistance level at $1.44.  With the recent uptrend recorded for the fifth largest token on the market, DarkDefender outlined new targets for XRP, including $3.4176 and $11.3233, while also revisiting historical targets of $5.85 and $18.22. Furthermore, the analyst highlighted new support levels at $1.44, $1.28, $1.14, and $1.03.  Related Reading: NEAR Q3 Market Cap Dive: Exploring The 27% Plummet And Key Financial Metrics The 4-hour chart indicates a new market structure for XRP, with expectations of touching $2.13 before any potential corrections. New resistance levels are identified at $4.11 and $6.42 within this timeframe, aligning with the main target of $5.85 following the anticipated move above $1.88. Featured image from DALL-E, chart from TradingView.com

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Dogecoin Ready To Hit $1 Price Struggles To Break Above Major Resistance

Dogecoin (DOGE) is currently trading below a key resistance level, signaling the potential for a bullish breakout. However, the price has struggled to surpass this critical barrier, creating uncertainty about the next major move. For Dogecoin to achieve new highs and rekindle investor enthusiasm, breaking this resistance is essential. Top crypto analyst Scofield recently shared a detailed technical analysis on X, highlighting Dogecoins readiness to test the psychological $1 mark. According to Scofield, DOGEs recent price action shows consolidation near resistance, which often precedes a decisive move. He emphasized that a breakout above this level could ignite a rally, pushing the price toward its long-awaited milestone. Related Reading: XRP Breaks Multi-Year Resistance Main Target Remains $2 Despite this optimism, traders should approach with caution. The struggle to clear resistance indicates that the market may require stronger buying pressure or a catalyst to trigger the next leg up. If Dogecoin fails to break through, it risks a retrace to lower levels, potentially dampening current bullish sentiment. As the broader market shows signs of recovery, Dogecoin remains a focal point for investors seeking high-growth opportunities. The coming days will likely determine whether DOGE can reclaim its momentum and make a serious run toward the $1 level. Dogecoin Pushes Above Key Levels Dogecoin has surged past critical supply levels, positioning itself for a potential rally that could push prices significantly higher. Currently, DOGE is eyeing the last major resistance zone that must be breached to confirm the start of a new bullish cycle. This level represents a decisive point, and a successful breakout would likely attract substantial buying pressure. Top analyst Scofield, known for his accurate technical predictions, recently shared insights on X regarding Dogecoins current setup. His analysis highlights a bullish triangle pattern forming on DOGEs chart, a structure often indicative of an imminent breakout. According to Scofield, the patterns apex suggests that Dogecoin is nearing a decisive move, with the psychological $1 mark set as the next major target if the breakout materializes. Scofields technical analysis underscores key support levels that DOGE has successfully defended, reinforcing the assets bullish potential. The triangle pattern also reflects reduced selling pressure, aligning with growing optimism among traders. However, Scofield cautions that any failure to break above the resistance could lead to a retest of lower levels, delaying the anticipated rally. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level Analyst Shares Price Target As Dogecoin captures increasing attention in the crypto market, all eyes remain on this pivotal resistance zone. Breaking above it would signal a renewed bullish momentum, setting the stage for DOGE to test and potentially surpass the $1 milestone. Technical Details: DOGE Ready To Rally Again Dogecoin is at $0.426 following an 18% surge to test local supply at $0.43. This critical resistance level has proven challenging for DOGE, as the price has struggled to break above it for over two weeks. Despite the recent upward momentum, the market remains cautious, with analysts highlighting the significance of a decisive breakout above $0.43. A successful push past this resistance could set the stage for a massive rally, attracting renewed interest from both retail and institutional investors. Historically, such breakouts in Dogecoins price action have triggered significant upward movements, making this level a key focus for market participants. However, the inability to breach $0.43 could lead to further consolidation below this level, frustrating bullish sentiment. Related Reading: Cardano Transactions Rise To Multi-Year Highs Metrics Support Bullish Outlook Adding to the uncertainty is the risk of a potential correction. If DOGE fails to maintain its current levels or faces increased selling pressure, it could revisit lower price points, possibly retesting supports around $0.38 or lower. Analysts emphasize the need for patience, as Dogecoin’s next major move will likely hinge on breaking the $0.43 resistance. For now, DOGEs trajectory remains uncertain, but the potential for a breakout keeps it on the radar of traders and investors alike. Featured image from DALL-E, chart from TradingView

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XRP Breaks Multi-Year Resistance Main Target Remains $2

XRP has broken through a key resistance level, reaching price points not seen since its multi-year highs set in 2021. The cryptocurrency has been on an aggressive upward trajectory for over three weeks, signaling strong bullish momentum in the market. Investors and analysts alike are closely monitoring XRPs price action, as it shows no signs of slowing down. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level Analyst Shares Price Target Renowned crypto analyst Ali Martinez recently shared a compelling technical analysis, suggesting that XRP is poised to reach the $2 mark in the near future. His analysis highlights XRPs robust breakout above critical resistance levels, supported by strong trading volume and positive market sentiment. Martinez believes this momentum could propel the token to achieve its next significant milestone much faster than anticipated. As the altcoin market continues to flourish, XRP stands out as one of the top-performing assets, drawing increased attention from both retail and institutional investors. The coming days will be crucial in determining whether XRP can sustain its bullish pace and surpass further resistance levels. With technical indicators aligning with optimistic projections, XRP appears ready to continue its ascent, cementing its place as a leading cryptocurrency in this market cycle. XRP Testing Past Cycles Top XRP has reached an impressive $1.93, testing critical supply levels that marked the top of its last cycle. In 2021, Ripple was entangled in legal challenges with the SEC, creating uncertainty for the cryptocurrency. However, the landscape has shifted significantly since then, with Ripple gaining favorable momentum in the lawsuit and renewed investor confidence, propelling XRP to new heights. Martinez has provided an optimistic outlook, sharing a technical analysis on X that suggests XRP will likely surpass the $2 milestone soon. Martinez identifies this level as a key target as the cryptocurrencys momentum builds. The price of XRP has surged by over 280% in less than a month, reflecting the strength of its current uptrend. Analysts are closely monitoring whether XRP can break above the psychological $2 mark, a level that would signal a continuation of its rally toward multi-year highs. Related Reading: Cardano Transactions Rise To Multi-Year Highs Metrics Support Bullish Outlook The bullish sentiment surrounding XRP is further supported by increasing trading volume and strong demand from both retail and institutional investors. As the token approaches multi-year highs, the focus shifts to whether it can sustain this rally and break through the crucial resistance zone. For now, XRP continues to show remarkable resilience and upward potential, positioning itself as a standout performer in the crypto market. Technical Details XRP is trading at $1.93, following a remarkable 16% surge yesterday and an additional 7% rise today. The cryptocurrency continues its aggressive push toward the critical $2 level, capturing the attention of analysts and investors alike. This sustained rally reflects growing confidence in XRP’s potential as it tests supply zones that once marked last cycles peak. Despite the bullish momentum, theres a strong possibility that XRP may consolidate below the $2 mark for a few days. Such a pause could set the stage for a more explosive move as the broader crypto market gears up for a potential breakout. Historically, consolidations at key resistance levels often precede significant price rallies, and the current setup aligns with this pattern. Related Reading: Ethereum Eyes $3,900 Key Resistance Break Could Spark A Surge XRPs aggressive break above the $1.62 level was a pivotal moment, reinforcing bullish sentiment across the market. Many investors now expect XRP to challenge and surpass its previous cycles all-time high (ATH), setting the stage for a new price discovery phase. With momentum on its side and increasing interest from both retail and institutional players, XRPs path forward could redefine its position in the market, marking a significant milestone in its price journey. Featured image from Dall-E, chart from TradingView

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XRP Consolidates Below Crucial Resistance Analyst Sets $1.60 Target

XRP is currently consolidating after a sharp 20% retrace from its recent local high of $1.63, set last Saturday. Despite the pullback, XRP remains a strong contender in the market as it holds firm above critical demand levels, showcasing resilience amid broader market volatility. As Bitcoin flirts with the psychological $100,000 mark, XRPs price structure continues to signal bullish potential, drawing attention from traders and investors alike. Related Reading: Cardano Reclaims $1 As Network Growth Surges Larger Breakout Ahead? Crypto analyst and investor Carl Runefelt shared a technical analysis on X, suggesting that XRP could be on the verge of a significant breakout. According to Runefelt, if XRP successfully breaks a key resistance level in its current price range, the asset could retest its local highs of $1.60 in the coming days, setting the stage for another rally. The overall market awakening has injected optimism into the crypto space, with XRP positioned to benefit from the momentum. However, maintaining strength above its current demand zone is crucial for XRP to sustain its bullish trajectory. Investors are closely watching for confirmation of a breakout, as XRP’s ability to reclaim its recent highs could signal the start of a larger upward trend in the weeks ahead. XRP Looks Ready To Continue XRP appears poised for another bullish rally, with technical indicators and market sentiment aligning to suggest a continuation of its upward momentum. As the broader crypto market shows signs of awakening, it stands out as one of the assets with the potential to set new yearly highs in the current cycle. Analysts and investors are increasingly optimistic, with many eyeing the $2 mark as the first significant milestone for XRP bulls. Crypto analyst Carl Runefelt recently shared a detailed technical analysis on X, highlighting a key development in XRPs price action. According to Runefelt, XRP is nearing the breakout point of a falling wedge pattern, a historically bullish structure.  If this breakout materializes, XRP could initially target its recent local high of $1.60. Breaking above this supply zone would signal strong buying momentum, paving the way for XRP to aim for new cycle highs and potentially surpass the $2 resistance level. However, XRPs journey to new highs isnt without risks. Should the asset fail to break above the $1.60 level, further consolidation below this price could occur, delaying its bullish trajectory. Such a scenario would likely see XRP retesting key demand zones before attempting another breakout. Related Reading: Bitcoin Realized Profit Hits ATH At $443 Million Local Top Or Continuation? As the market collectively inches toward higher valuations, XRPs performance remains closely tied to its ability to breach critical resistance levels. A successful breakout above $1.60 would not only validate the current bullish setup but also reinforce confidence in XRPs potential to lead this cycles altcoin rally.  Technical Analysis And Key Levels  XRP is currently trading at $1.43, showcasing remarkable resilience after a 200% surge from its November 5th lows. While the price has retraced 20% from the local high of $1.63, XRP’s bullish structure remains intact as the broader crypto market gears up for another potential rally. Analysts and investors are optimistic that the price can sustain its momentum, provided key support levels hold firm. The $1.27 mark emerges as a critical demand zone for XRP, maintaining the short-term bullish structure that has driven its recent growth. If XRP successfully defends this level, the price is expected to consolidate before making another attempt to surpass the $1.60 resistance. A break above this key level could open the door for further upside, pushing XRP closer to its next major milestones in this cycle. Related Reading: Bitcoin Leverage Remains High Data Reveals Selling Pressure Above $93K However, failing to hold above $1.27 could shift market sentiment and lead to deeper corrections. This would challenge XRP’s bullish momentum and potentially test lower support levels, delaying its upward trajectory. As the market looks primed for continuation, XRP’s ability to stay above critical demand zones will determine its performance in the coming weeks. Investors are closely monitoring these levels as the asset eyes another leg higher. Featured image from Dall-E, chart from TradingView

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XRP Analyst Sets $2 Target If It Holds Key Level Can It Reach Multi-Year Highs?

XRP has emerged as a standout leader in the recent crypto rally, delivering massive gains and fueling optimism among investors. The price has skyrocketed by an astonishing 225% in under three weeks, showing no signs of slowing down as momentum builds. This surge has positioned it as a top-performing altcoin, capturing the attention of analysts and traders alike. Related Reading: Avalanche Soars 20% In 24 Hours Analyst Reveals Next Price Target CrediBull, a prominent analyst on X, has shared a detailed technical analysis highlighting XRP’s strong bullish structure. According to his insights, XRP is currently in a well-defined 5-wave impulsive move, a pattern often associated with sustained upward trends. If it continues to hold a critical support level, CrediBull predicts that the price could soar past $2 in the coming weeks, marking a significant milestone for the altcoin. As excitement grows, market participants are closely watching its performance. The ongoing rally suggests that XRP could hit new highs and pave the way for broader altcoin gains. Whether it can maintain its upward trajectory will depend on its ability to sustain key support levels and capitalize on the current bullish sentiment. For now, XRP remains a focal point in the market, with its next moves eagerly anticipated. The Bullish Rally Could Continue  The recent bullish phase for XRP might be just the beginning as optimism continues to build among analysts who foresee a higher price in the months ahead. However, key price levels must be tested and maintained for XRP to sustain its momentum and advance to the next leg up. Prominent analyst CrediBull shared his insights on X, revealing that XRP is currently in a clear 5-wave impulsive move, a strong indicator of a bullish trend. According to his technical analysis, this pattern confirms that XRPs absolute bottom was established at $0.49 earlier this year. He also emphasized the importance of the $1.05 level, the origin of the fifth subwave in this impulsive structure. CrediBull explained that if XRP falls below $1.05, it could signal the start of a larger Wave 2 correction, which would likely precede the next major upward impulse (Wave 3). However, if XRP holds firmly above $1.05, it would indicate that the fifth subwave is extending, potentially pushing the price to $2 or higher before any significant pullback occurs. Related Reading: Massive Ethereum Buying Spree Taker Buy Volume hits $1.683B In One Hour This analysis reinforces the view that XRPs current rally may just be the start of a broader bullish trend. Investors are now watching closely to see if XRP can maintain key support levels and confirm its extended move upward. XRP Hits Multi-Year Highs: ATH Next? XRP is trading at $1.45, following an impressive rally that saw the price touch $1.63 yesterday, marking its highest level since May 2021. This milestone has sparked optimism among investors, positioning XRP for a potential run to new all-time highs in the coming months. The sustained upward momentum reflects growing confidence in the price’s bullish trajectory. However, the recent surge also brings the possibility of consolidation. The price might need to cool off and gather strength below the $1.63 mark before continuing its upward movement. Consolidation phases are a natural part of any significant rally and can help establish stronger support levels for future price action. Related Reading: Bitcoin LTHs Start Taking Profits Metrics Reveal Whales Are Actively Spending The key level to watch remains $1.05, identified as a critical support zone. If the price holds above this mark, it will reinforce its bullish outlook and set the stage for a potential breakout and continuation of its upward trend in the weeks ahead. Analysts believe that maintaining this level would be a strong signal of market confidence, paving the way for XRP to build on its recent gains and target new milestones. Featured image from Dall-E, chart from TradingView

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