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A trading expert is warning that XRP may face further losses, likely falling below $2, as technical indicators suggest the ongoing correction could persist. As of press time, XRP was trading at $2.16, down 1.56% in the past 24 hours and over 8% in the past week. XRP seven-day price chart. Source: Finbold XRP’s bearishness is likely to continue  In a May 30 TradingView post, analyst Master Ananda noted that XRP is showing renewed signs of weakness. The deepening bearish trend suggests the correction phase may not be over. XRP price analysis chart. Source: TradingView The downward movement accelerated on May 12. Since then, XRP has come under increasing pressure, breaking below the rising green channel it had followed since early April, effectively ending the short-term bullish rebound triggered when the asset breached the $1 resistance.  A key technical shift was the breakdown from this ascending channel, marked by a transition from higher hi...

Toncoin (TON) has displayed an incredible run over the last few days. The asset is up 1.1% in the daily charts, 28.1% in the weekly charts, and 19.8% in the 14-day charts. Despite the rally, TON’s price has dipped 0.2% over the previous month and 11.6% since March 2024 Also Read: Pi Coin Drops 24.13% Overnight—What’s Next for Investors? Source: CoinGecko Toncoin Outperforms The Market Source: Asia Crypto TON is currently outperforming market leaders, such as Bitcoin (BTC), Ripple’s XRP, and Solana (SOL). The resurgence is likely due to TON founder Pavel Durov being allowed to leave France for Dubai for the first time since his arrest in August 2024. Durov was apprehended due to allegations of failure to reduce criminal activity on Telegram. Also Read: Kava Up to 9.86%: Is This 24-Hour Rally Just The Beginning? The crypto market rallied after the latest FOMC meeting. The rally was likely due to The Fed keeping interest rates unchanged. Toncoin (TON) and other assets saw incre...

A crypto strategist is warning that two large-cap altcoins may witness deep corrective moves after massive rallies this month. Crypto trader Credible tells his 473,800 followers on the social media platform X that payments-focused altcoin XRP looks primed for a pullback after completing a five-wave rally on the four-hour chart. Credible practices Elliott Wave theory, which states that an asset may correct or consolidate after concluding a five-wave upside burst. During a five-wave rally, a bullish asset surges in waves one, three and five with waves two and four serving as corrective periods. According to the trader, XRP needs to hold a crucial support level to maintain its bullish momentum. “And that, ladies and gents, is a crystal clear five-wave impulsive move, subwaves and all on XRP. This: 1. confirms our absolute bottom was in at $0.49. 2. means if we move below $1.05 (origin of the 5th subwave), then it means we are seeing a larger wave two correc...