Price Analysis

Despite a sharp drop in social media sentiment around XRP and a 30% price decline over two months, market analysts point to historical patterns and technical indicators suggesting a potential price rally is imminent.

The crypto market ends the week in the red, with Bitcoin hovering around $91,000. Analysts are divided on the short-term outlook, with some predicting a further dip to $85,000 while others believe the bottom is in. Ethereum and XRP also see losses, though minor recovery attempts are underway.

A crypto analyst has identified a technical pattern suggesting a potential trend reversal for XRP. The price is at a critical juncture, with a break above $2.22 potentially triggering a rise to $2.50, while a fall below $2.00 could lead to a significant downturn by year’s end.

Dogecoin’s price has broken a key resistance level, driven by retail investors, while whale activity declines. An analyst points to a bullish ‘Dragonfly Doji’ pattern, suggesting a potential run towards $1, as new ETFs see initial capital inflows.

Bitcoin’s price stalls at the $94,000 resistance level while Ethereum surges nearly 4%, breaking out against Bitcoin and reaching its highest price in weeks.

Bitcoin has surged over 12% in two days, recovering from Monday’s slump. Analysts attribute the rebound to a market cleanup involving massive deleveraging and capitulation, potentially setting the stage for a relief rally.

Despite a massive dump of 150 million XRP by whales in 48 hours, experts remain optimistic. The selling pressure is being absorbed by inflows into newly launched XRP ETFs, while the price holds key support levels, suggesting potential for an upward move.

After months of decline, the Sui cryptocurrency has jumped over 30% in 24 hours, fueled by its new listing on Coinbase in New York and a shift in its market structure, signaling a potential trend reversal.

Solana’s price surged over 12%, breaking a key downtrend line, while U.S. spot Solana ETFs saw a massive $45.77 million in daily inflows, signaling strong institutional interest.

Crypto analyst Vincent Timmer examines Bitcoin’s chart, noting a potential trend reversal on lower timeframes. He outlines key support levels for entry and resistance zones that could trigger a new all-time high, while also warning of a bearish scenario if support fails.