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Showing posts with the label technical outlook

XRP’s Next Move: Ripple’s New Pattern Suggests $50 in Sight

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Ripple (XRP) is one of the most sought-after cryptocurrency tokens to exist in the space today. The token is exploring new price horizons as markets have now returned to their prime, adapting to major price moves. XRP is currently up 6% in the last 24 hours. But a new candle formation on XRP’s chart is now showing a major price breakout of the asset to $50. What are the odds of the token exploring this massive high? Let’s break it down. Also Read: What’s Stopping Ripple (XRP) From Reaching $100? Ripple Eyes $50 Source – Crypto News Flash Ripple (XRP) is now eyeing a new major price point of $50, as specified by Egrag Crypto, a noteworthy cryptocurrency analyst. The expert shared how XRP’s price chart has now started to portray an intriguing new trend. This trend often denotes how XRP has a habit of spiking high on the radar once it’s through with the significant consolidation phase. The expert stated that the token has already started to display a three-gre...

Dogecoin price prediction as whales acquire 80 million DOGE in 24 hours

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Dogecoin (DOGE) is witnessing increased whale transactions, with an artificial intelligence (AI) tool projecting that such activity will likely help the token spike by almost 200% by year-end. Indeed, according to data shared by on-chain cryptocurrency analytics platform Glassnode on April 11, Dogecoin whales accumulated 80 million DOGE in just 24 hours. Historically, such transactions have often hinted at imminent price growth, as whale purchases tend to signal confidence in the asset. These transactions could boost Dogecoin, which has recently struggled with massive volatility. As of press time, DOGE was trading at $0.17, having rallied over 6% in the past 24 hours. On the weekly chart, the meme coin is up 13%. DOGE seven-day price chart. Source: Finbold At the current price, Dogecoin is still trading well below its 50-day and 200-day simple moving averages (SMA), indicating a bearish trend in both the short and long term.  The 14-day relative streng...