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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...

A trading expert has suggested that XRP’s current technical setup may be signaling the asset’s next record-high target. According to prominent online analyst Master Ananda , XRP is well-positioned for a more upside move following its consolidation at around the $2.30 level.  In an Analysis shared in a TradingView post on May 27, he noted that the $2.30 support has remained strong since May 17, having been tested multiple times, indicating solid demand at that price point. XRP price analysis chart. Source: TradingView Ananda also identified a symmetrical breakout from a falling wedge pattern, followed by a rising channel formation. These developments suggest that XRP could enter the next leg of its upward move. He also highlighted Fibonacci extension levels as a key indicator, with the 2.618 extension placing the potential top of the bullish wave at $6.29.  XRP’s price timeline to $6 While the analyst did not provide an exact time...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Bitcoin (BTC) saw explosive momentum starting in early November. By December 4, the leading cryptocurrency reached a new all-time high — closing above $100,000 for the first time in history. However, in mid-December, the Federal Reserve announced that it would only make two rate cuts in 2025. Both the stock market and the cryptocurrency market saw an immediate pullback — on December 20, as much as $310 billion in value stored in digital assets was erased. Things have improved somewhat since then — BTC has not reclaimed the $100,000 mark as of press time, but it has retraced back to approximately $96,240. Over the course of the last 7 trading days, Bitcoin has seen prices increase by just 0.78% — with year-to-date (YTD) returns standing at 128.02%. Picks for you Bitcoin adds $1.1 trillion in 2024 2 hours ago ...

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...

Bitcoin’s (BTC) bullish momentum shows little sign of slowing down. BTC currently trades at $87,710, with an impressive 6.68% rise in the last 24 hours and a 26.02% gain over the past week, Bitcoin is pushing into uncharted territory, bringing its market cap to a formidable $1.7 trillion.  Bitcoin 1-day price chart. Source: Finbold The rally is driven by a confluence of factors, from the increasing scarcity of supply and aggressive whale accumulation to institutional flows, including a record-breaking $3.4 billion in Bitcoin ETF purchases over a span of four days.  Picks for you Caution: Why Bitcoin is facing a 50% drop soon 12 mins ago R. Kiyosaki’s Bitcoin plan revealed: He’s buying until BTC hits this price ...

Bitcoin is currently trading at $62,255.65, up 2% in the past week. The BTC market fell prey to volatility ahead of this past weekend, but the asset has gained slightly since the start of the week. Analysts are predicting what price point could be the level that separates current prices from a boom. It’s suggested that $63,000 could be the next support level, which means higher highs incoming for the king coin. Bitcoin recently surged during the weekly open, creating two major long liquidation levels due to high leverage. These levels aligned perfectly with last week’s equilibrium (pwEQ). Bitcoin faced resistance as the bid-ask ratio tilted heavily toward the ask side. This led to a retracement, bringing BTC back to critical levels. However, this made the liquidation points and pwEQ key areas for potential price bounces. The bid-ask ratio is now showing a shift toward demand, with more bids appearing within 2% of the current price. This data reveals that entry levels around $62K ...

After struggling to sustain its price above $60,000, Bitcoin (BTC) now appears poised for a potential surge to new highs, according to a cryptocurrency analyst.  Following a period of price consolidation, which aligns with typical post-halving behavior, analysts are predicting that Bitcoin could be on the brink of a major rally. In this context, crypto analyst TradingShot , in a TradingView post, drew parallels between historical patterns and current technical indicators, projecting that Bitcoin could reach $200,000 by late 2025 or early 2026.  Picks for you Jonathan Bloomer’s net worth revealed: How rich is the missing Chairman of Morgan Stanley International? 9 mins ago AI predicts silver price for the end of 2024 ...