Ripple’s price has broken above a critical resistance level on the XRP/USD paired chart, which could initiate a rally in the coming days. Yet, it could still be too early to state that the bear market is over.
Technical Analysis
By: Edris
XRP/USD Daily Chart
On the USDT paired chart, the price has broken above the 50-day and 200-day moving average lines, along with the critical $0.43 resistance level. The breakout comes after months of consolidation.
However, the price is now retesting the broken $0.43 level, this time as support. If the level holds, a bullish continuation toward the $0.55 area could be expected in the short term.
Still, the RSI indicator has recently printed an overbought signal, which could indicate the possibility of a failed breakout (fakeout). This
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ETH Facing Huge Resistance, Is $1600 or $2000 Next? (Ethereum Price Analysis)
20 hours agoEthereum’s price has been consolidating over the past week as the price is struggling to break above a key resistance area. Did ETH mark a local top?
Technical Analysis
By: Edris
The Daily Chart:
On the daily time frame, ETH’s price has broken above the symmetrical triangle pattern lately and above the 50-day moving average line (around the $1600 mark). However, ETH is trading inside a very tight range above the broken triangle and has yet to break with confidence above the $1800 level.
If the market fails, a pullback toward the 50-day and even the 200-day moving average located around the $1600 and $1400 levels, respectively, could be expected. On the other hand, a valid break above the $1800 level could lead to another short-term rally – first to target the $2K level for
Did Bitcoin Mark a Local Top? Here’s the Level to Watch: BTC Price Analysis
2 days agoBitcoin’s impulsive rally seems to have temporarily halted, and the price will likely enter a correction phase before the next leg up. Overall, Bitcoin is facing significant resistance at the $30K level, which hasn’t been tested yet.
Technical Analysis
By Shayan
The Daily Chart
After forming a pullback to the 61.8% level of the Fibonacci entrancement level at $19.6K, the price initiated a massive rally with a current high above $28K. However, the bulls couldn’t reach the significant resistance region of $30K.
This price area also acts as a psychological resistance zone, as many traders believe that once the price surpasses the $30K level, the bear market will be officially terminated. Nevertheless, a clear divergence between the price and the RSI indicator can be
XRP Testing Crucial Resistance, is $0.5 in Play? (Ripple Price Analysis)
4 days agoBitcoin’s price has been trending upward lately, while Ripple has remained relatively stable, staying around the same level without much movement. However, XRP is currently showing signs of strength as it has surpassed a significant resistance level.
Technical Analysis
By Shayan
This week, the cryptocurrency market experienced a bullish trend, with assets such as Bitcoin and Ethereum witnessing a significant price increase. However, Ripple was an exception as it continued consolidating without any clear direction.
Nevertheless, after a prolonged consolidation stage at the narrow range of the triangle, the price has finally printed a surge and surpassed the triangle’s upper boundary and the 200-day moving average at roughly $0.3997.
On the other hand, the cryptocurrency
ETH Eyes $2,000 as US Investors Step Up But There’s a Critical Obstacle (Ethereum Price Analysis)
4 days agoEthereum’s price is showing a very bullish signal right now, with a couple of key resistance levels getting broken to the upside. If the breakout is valid, things could look much better for the crypto market in the coming months.
Technical Analysis
By: Edris
The Daily Chart:
On the daily chart, the price has been rallying since a sharp rebound from the 200-day moving average around the $1400 mark. It has climbed above the 50-day moving average located around the $1600 level, before breaking through the higher boundary of the large symmetrical triangle pattern.
Currently, the key $1800 resistance level is also seemingly getting tested, and the price could soon target values above $2000, especially the $2300 level, in the coming weeks if the current breakout is valid.
On the
After Bitcoin’s Breakout, Will $30K or Correction Coming Up? (BTC Price Analysis)
5 days agoBitcoin’s price rallies after breaking above a significant resistance level. However, the 2022 bear market is not over yet until another critical level is broken to the upside.
Technical Analysis
By: Edris
The Daily Chart
On the daily chart, Bitcoin’s price had seen a massive uptrend over the past week, following a V-shaped rebound from the 200-day moving average located amid the $20K mark, followed by a decent breakout above the $25K resistance level.
Currently, the price is heading towards the key $30K area, a mid-term resistance, in which a breakout above it would likely lead to a bullish phase in the coming months.
However, the RSI indicator has entered the overbought area and is signaling a potential pullback or consolidation in the short term. In this case, the $25K
ETH Facing Critical Resistance at $1.7K, Will it Break This Time? (Ethereum Price Analysis)
9 days agoThe cryptocurrency market experienced another bullish rally after a short-term price decline. Ethereum was no exception as the price surged, forming a new swing high and currently facing a significant resistance region.
Technical Analysis
By Shayan
The Daily Chart
After a short-term decline toward the broken triangle pattern and the 200-day moving average, Ethereum found support and initiated a bullish rally, completing the pullback to the broken level.
After printing three consecutive powerful bullish daily candles, the price reached $1.7K crucial resistance region and formed a higher high pattern at $1780. This indicates that the trend is bullish.
Nevertheless, the $1.7K region acts as a significant resistance and has rejected the price several times. If ETH surpasses
Is $0.40 Incoming for XRP Following Recent Bullish Market Momentum? (Ripple Price Analysis)
10 days agoAlthough Bitcoin has experienced a significant surge in the last few days, Ripple’s price action has been more stagnant, with no specific direction and limited volatility. However, the cryptocurrency is currently in a tight range and will likely exit soon, possibly leading to an impulsive move.
Technical Analysis
By Shayan
The Daily Chart
The cryptocurrency market experienced a bullish trend this week, with many assets, including Bitcoin and Ethereum, seeing a surge in price. However, Ripple was an exception as it continued to consolidate with no clear direction.
Nevertheless, XRP is currently within the narrow range of a triangle and must break out of it soon. This will likely result in an impulsive move based on the breakout’s direction. If it’s bullish, the main barrier
BTC Soars to Highest Point Since June 2022, is $30K in Sight? (Bitcoin Price Analysis)
11 days agoBitcoin’s price has surged over the last couple of days and has broken past a key resistance level. While the momentum is highly bullish, there are some caution signals to look out for.
Technical Analysis
By: Edris
The Daily Chart:
On the daily chart, the price has rebounded decisively from the significant 200-day moving average, located around the $20K mark a few days ago. Since then, the market has been trending impulsively to the upside, finally breaking above the $25K resistance level.
Currently, the key $30K zone is the next probable target for the price in the short term. A breakout above this area would be wonderful for the bulls, as the market would likely enter a bullish phase in the coming months.
However, the RSI indicator should be monitored closely as it is
Ethereum Price Analysis: ETH at Critical Support, Breakdown Can Quickly Lead to $1200
13 days agoDespite the ongoing bearish sentiment among market participants following the recent turmoil of SVB bank and its effect on USDC, Ethereum’s price has found substantial support amid the $1450 price range.
The upcoming days will be crucial to see whether ETH can hold the critical level or continue its negative sentiment.
Technical Analysis
By Shayan
The Daily Chart
After breaking above the upper trend-line of the symmetrical triangle and consolidating for an extended period, the price of Ethereum has declined and is currently retesting the previous breakout level at $1450.
If ETH sustains this level, traders can expect another bullish leg toward the crucial resistance level of $1700K.
However, if the price drops below the trend line, a plunge toward the $1.2K support level
BTC Loses 15% Weekly, Will $20K Hold or is Another Crash Imminent? (Bitcoin Price Analysis)
14 days agoThe instability of Circle’s USDC has caused extreme fear in the market, as stablecoins play a crucial role in the cryptocurrency industry. Bitcoin’s price was affected by the recent turmoil and has declined, but it faces a strong support level.
By Shayan
The Daily Chart
Recently, the price of Bitcoin experienced a downtrend with noticeable bearish momentum after forming a reversal three-drives pattern and breaking down the neckline. The recent turmoil with USDC served as a catalyst for the bearish trend and pushed the price down toward the $19K level.
However, the price faces significant support at the 200-day moving average, approximately at $19.6K, and is attempting to surpass it. This moving average is a powerful support level, and the bears might find it difficult to
Is Bitcoin Headed to $21K or Will the Bulls Bounce Back? (BTC Price Analysis)
17 days agoAfter forming a bearish three-drives reversal pattern, the price has recently dropped below the neckline, delivering a significantly bearish signal for the short-term outlook. As of now, BTC faces an important support region at $21K.
Technical Analysis
By Shayan
The Daily Chart
As expected, the three-drives pattern resulted in a trend reversal and a decline in the price. Bitcoin was recently rejected below the neckline and is consolidating with very little momentum.
However, a pullback to this broken neckline is necessary to confirm the change in Bitcoin’s recent bullish trend. If a pullback occurs, the price will potentially enter a mid-term downward stage, returning the fear to the market.
BTC’s following support levels are $21K and the 200-day moving average, standing
ETH Risks Falling to $1500 if Bearish Sentiment Intensifies (Ethereum Price Analysis)
19 days agoEthereum’s price action has been very choppy in recent weeks after facing rejection from a significant resistance. However, there are multiple levels that could provide support and hold the price in the event of a deeper pullback.
Technical Analysis
By: Edris
The Daily Chart
On the daily chart, the price was rejected from the $1800 level and the higher boundary of the large symmetrical triangle pattern earlier in February. It has since broken below the 50-day moving average, located around the $1600 mark.
Currently, the price is consolidating below the broken MA and is yet to show an impulsive move after the bearish breakout. If the cryptocurrency fails to reclaim the broken 50-day moving average, the 200-day moving average, trending around the $1400 level, could be the
Ripple in Thight Consolidation, is a Huge Move Imminent? (XRP Price Analysis)
19 days agoFollowing an extended period of uncertainty and consolidation, XRP has approached the narrow range of its multi-month triangle. The mid-term outlook of XRP will be determined by a breakout from this triangle, while the current price action suggests a bearish trend.
Technical Analysis
By Shayan
The Daily Chart
On the daily timeframe, XRP has been forming a symmetrical triangle pattern and has now reached the narrow range of the triangle. However, the cryptocurrency was recently rejected by the 200-day moving average at around $0.4, indicating a bearish sentiment in the market.
Despite all this, the price has since fallen and is now facing the lower trendline of the triangle, which serves as a strong support level. In case of a breakout, a shakeout towards the $0.32 support
Here’s the Most Immninet Support for Ethereum Following the 5% Daily Crash (ETH Price Analysis)
22 days agoEthereum’s price has been rejected from a significant resistance level following the turmoil surrounding Silvergate. However, there are still multiple support levels available to hold the price for now.
Technical Analysis
By: Edris
The Daily Chart
On the daily timeframe, the price has been struggling to break above the $1800 level. The higher boundary of the large symmetrical triangle pattern and a bearish rejection has led to the breakdown of the 50-day moving average located around the $1600 mark.
The 200-day moving average, located around $1400, seems like the next probable support zone, followed by $1300, which could be tested if a deeper pullback occurs.
Source: TradingViewThe 4-Hour Chart
On the 4-hour chart, the price has been impulsively rejected from the $1650
XRP Slumps Even Lower as $0.30 Seemingly in Play (Ripple Price Analysis)
22 days agoRipple’s price has been declining over the last few weeks, with two significant moving average lines broken to the downside. The price could drop deeper in the coming days, as things are not looking good from a technical analysis aspect.
Technical Analysis
By: Edris
XRP/USDT Daily Chart
Looking at the USDT chart, the price has been rejected from the significant $0.43 area and has broken both the 50-day and 200-day moving average lines to the downside, which are both located around the $0.4 level.
Currently, the market is showing a high willingness to drop toward the key $0.3 level, where the current bear market’s lowest low sits. Therefore, a breakdown of this area would be disastrous for buyers, as it would further elongate the bear market.
The RSI indicator has also
Bitcoin Attempts a Recovery, is $25K Next? (BTC Price Analysis)
24 days agoBitcoin’s price has been consolidating below a significant resistance level in recent weeks after continually failing to break it to the upside. While there is still a high probability for the price to break above this crucial point, multiple support levels are also available if a pullback were to occur.
Technical Analysis
By: Edris
The Daily Chart
On the daily chart, the price has been rejected from the key $25K resistance level multiple times recently. Currently, the 50-day moving average, located around $23K, is providing support and could push the price upside to test the $25K level once more, with a bullish breakout being more probable in this case.
In contrast, if the 50-day moving average gets broken to the downside, the 200-day moving average trending around the
XRP Drifts Away From $0.4, but is Another Crash Coming? (Ripple Price Analysis)
25 days agoRipple’s price has remained dormant over the last couple of days, trading within the narrow range of $0.42 and $0.31 and struggling to break out. A slight decline towards the lower end of the range seems likely, given that the cryptocurrency was recently rejected at a crucial resistance level.
Technical Analysis
By Shayan
The Daily Chart
Ripple’s price has shown signs of weakness, printing small candles with no specific direction. Most recently, the price attempted to claim the descending trendline at $0.433 and failed.
However, due to the rejection, the price dropped below a significant level, the 200-day moving average, which delivers a bearish bias for the cryptocurrency. Yet, Ripple retested the broken moving average and formed a pullback, confirming that the trend has
Following Bitcoin’s Latest Correction, This is the Crucial Level it Must Hold (Price Analysis)
28 days agoBitcoin’s price has been struggling to break above a significant resistance level and is currently experiencing a pullback, following the recent red days on Wall Street. Is it just a short-term correction or a beginning of a new bearish leg?
Technical Analysis
By: Edris
The Daily Chart
On the daily timeframe, the price dropped shortly after getting rejected from the critical $25K level. The 50-day moving average around the $22K level would be the first likely support level, followed by the 200-day moving average around the $20K psychological support area.
If these dynamic support levels fail to hold, a further drop toward the $18K level would be imminent. However, if the price rebounds from either of these levels, another retest and potential breakout above the $25K
ETH Eyes This Level if it Crashes Below $1.6K (Ethereum Price Analysis)
February 22, 2023Ethereum’s price is struggling to break above a key resistance level following a substantial rally over the last couple of months. However, there are multiple support levels that could hold the price in case of a reversal.
Technical Analysis
By: Edris
The Daily Chart
On the daily timeframe, the price has failed to break above the $1800 level and the higher boundary of the large symmetrical triangle pattern.
The cryptocurrency appears to be facing rejection to the downside at the moment, with the 50-day and 200-day moving average lines available as potential support levels around $1550 and $1400. Furthermore, in case the market pulls back even deeper, the $1300 support zone would be a key area to watch.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, recent
Calm Before the Storm: Will XRP Finally Explode Above $0.4? (Ripple Price Analysis)
February 22, 2023Ripple’s price has been consolidating in a tight range against the USD. However, against BTC, it has yet to manifest a significant move.
Technical Analysis
By: Edris
XRP/USDT Daily Chart
The price failed to break above the $0.43 resistance level and has been trapped in a tight range between the 50-day and 200-day moving average lines, located around the $0.38 and $0.4 levels, respectively.
A breakout to the upside would likely lead to another test of the $0.43 level, with the probability for a bullish breakout being seemingly higher this time, as the level should be weakened by so many retests over the last few months.
In this case, a rally toward the $0.6 area would be probable. On the other hand, a breakdown of the 50-day moving average would result in a potential drop
XRP Struggles Around $0.4 But is a Crash Coming? (Ripple Price Analysis)
February 19, 2023Ripple’s price action has been far from convincing lately, as the cryptocurrency has been rejected from a key resistance level against the USD. XRP is also in a downtrend on the BTC paired chart, making things worse.
Technical Analysis
By: Edris
XRP/USDT Daily Chart:
On the XRPUSDT chart’s daily timeframe, the price has been rejected from the $0.43 level multiple times and is currently oscillating between the 200-day and 50-day moving averages located around $0.395 and $0.385 levels, respectively.
In case the 50-day moving average is broken to the downside, a drop toward the key $0.3 support level would be more likely in the short term. On the other hand, if the price manages to break above the $0.43 area, a rise toward the $0.55 resistance level would be likely.
Source:
ETH Soars 10% Weekly, is $2K Imminent? (Ethereum Price Analysis)
February 19, 2023Ethereum’s price has reached a key resistance level following the recent rebound and rally from the $1100 area. The short-term price action of ETH now depends on the reaction to this key level.
Technical Analysis
By: Edris
The Daily Chart:
On the daily timeframe, the price has finally reached the higher boundary of the large symmetrical triangle after consolidating for a couple of weeks.
The price tested the $1800 level and the higher trendline of the triangle yesterday but has been rejected. Yet, there is still a considerable probability for the price to break through the mentioned resistance area, which could lead to a rally toward the $2400 mark.
However, in case a bearish pullback occurs, the 50-day and 200-day moving averages could provide support around the
Here’s the Final Resistance for BTC Before a Potential Rally to $30K (Bitcoin Price Analysis)
February 19, 2023Bitcoin’s recent price spikes underline the demand and confidence in the crypto market. This resulted in a significant surge in many cryptocurrencies. However, the price still faces a critical resistance level of $25K before calling the bear market over.
Technical Analysis
By Shayan
The Weekly Chart
Looking at a bigger picture of Bitcoin’s price using the weekly timeframe, the price action looks similar to the final capitulation stage of the 2018 bear market. During the final phase of the 2018 bear market, Bitcoin’s price declined significantly and experienced a 50% plummet. As a result, many market participants capitulated and realized substantial losses. Then, Bitcoin found its bottom and surged unexpectedly, initiating the 2019 bull run.
The same structure is occurring
BTC Skyrockets to $25K as Bulls Take Control, Here’s the Next Target (Bitcoin Price Analysis)
February 16, 2023Bitcoin’s price exploded following a consolidation and pullback phase. It is currently testing a key resistance level, and its reaction will likely determine the short-term future of the market.
Technical Analysis
By: Edris
The Daily Chart
On the daily timeframe, the price is retesting the $25K resistance level once again after a rejection and bearish pullback several weeks ago. Considering the last day’s candle, bullish momentum seems very high at the moment, and a breakout above the $25K level is the more probable scenario at this time.
Meanwhile, the 50-day moving average has also crossed the 200-day moving average to the upside recently, which is a very bullish signal and further boosts the probability for a positive continuation above the $25K level and towards the
Here’s the Next Support for ETH if $1500 Fails (Ethereum Price Analysis)
February 14, 2023Ethereum’s price appears to have entered a short-term correction phase as the cryptocurrency was recently rejected from a vital resistance zone and plummeted. Nevertheless, two crucial support levels are ahead, which might end the current decline.
Technical Analysis
By Shayan
The Daily Chart
The price has recently rallied and exited a multi-month symmetrical triangle pattern. However, the momentum has weakened. Following this decline, Ethereum is now facing the triangle’s upper trendline, which acts as a crucial support level.
ETH retesting the upper trendline, standing at $1.5K, might be considered a pullback to the broken level to confirm the breakout and continue surging. If the price drops below the trendline, the $1350 region will be the price’s next stop.
Source:
XRP Entering Danger Zone, Is a Crash Coming? (Ripple Price Analysis)
February 14, 2023Ripple’s price has been trapped inside a static range between $0.42 and $0.31 and is struggling to break ou. A consolidation stage within this range could be imminent as the cryptocurrency was recently rejected from a vital resistance level.
Technical Analysis
By Shayan
The Weekly Chart
Since 2021, Ripple has been declining, forming a falling wedge pattern on the weekly timeframe. Recently, the price experienced a slight plummet after being rejected from the wedge’s upper threshold.
The $0.31 price region currently serves as a significant support as it has been holding the price during the last four months, while the $0.55 region acts as a primary resistance. A shakeout is anticipated in the event of a decline below $0.31, and the wedge’s lower boundary will be Ripple’s
Bitcoin Dipped Below $22K But Bulls Might Be Preparing Another Push Higher (BTC Price Analysis)
February 12, 2023Bitcoin’s recent rally has improved the overall sentiment among market participants. This change of scene has spurred a positive momentum across the industry as signs of a bull market start popping.
Technical Analysis
By Shayan
The Daily Chart
The $25K price region has been the most significant barrier in Bitcoin’s path during the last eight months. Most recently, the price attempted to surpass this level and failed, resulting in a consolidation correction stage.
However, after an impulsive surge, a correction phase is essential for the continuation of the rally, which usually is simultaneous with the formation of the pullbacks.
Hence, the recent plummet can be considered a correction phase to form a pullback to the broken descending trendline, flushing out over-heated
Bitcoin Loses $23K, but is Another Surge Coming? (BTC Price Analysis)
February 9, 2023The market has struggled to push above the significant resistance level of $25K, and now the price is slowly declining. Therefore, the possibility of a correction before the next rally has increased.
Technical Analysis
By Shayan
The Daily Chart
The $24K-$25K region is currently providing the most significant resistance for Bitcoin on the daily timeframe. It’s also a vital psychological level, as it has been the main barrier during the last eight months.
However, due to the recent bullish stage of the market, the price has surged and reached the $24K region. Yet, the bulls failed to push the price above it, and it was rejected. Also, a prolonged bearish divergence between the price and the RSI indicator increases the likelihood of a short-term correction.
Nevertheless, the
All Eyes on $0.40 as XRP Choppy Price Action Takes Hold (Ripple Price Analysis)
February 7, 2023Ripple’s price has struggled to break the significant descending trendline at $0.42 and is consolidating. However, it now faces the critical support level of the 200-day moving average.
Technical Analysis
By Shayan
The Daily Chart
Ripple’s price action has been dull after failing to surpass the $0.42 substantial resistance level, which also aligns with the descending trendline.
The price plummeted slightly and reached the 200-day moving average at $0.395. Therefore, the cryptocurrency is stuck in a very tight range between $0.42 and $0.395. A breakout from this range will likely lead to an impulsive move, as there is an enormous amount of liquidity above and below it.
Source: TradingviewThe 4-Hour Chart
In the 4-hour timeframe, the weakened bullish momentum is evident as