Technical Analysis

XRP ETFs have seen nearly $1 billion in inflows within just 13 days of trading, showing strong institutional interest. However, technical analysts warn that XRP is at a critical juncture where it could either break out or face a sharp decline.

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.

After a market-wide panic, XRP surged over 10%, driven by significant institutional inflows into new ETFs, whale accumulation, and bullish technical signals, outperforming major assets like Bitcoin.

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.

A classic Bitcoin volatility indicator hits a historic low, echoing a late 2023 signal that preceded a 40% price surge. Analysts debate whether history will repeat.

Despite a 25% year-to-date decline and a 44% drop from its July peak, technical analysts are spotting bullish signals for XRP, including a bullish divergence on the RSI and a hold above key historical levels.

Ethereum’s price has fallen below the critical $3,000 support level, risking a further decline towards $2,850. However, the MVRV Z-Score indicator suggests the asset may be undervalued and could be nearing a bottom.

The price of XRP fell by 6.5% to around $2, with trading volume surging over 90%. Analysts are watching the $2 psychological support level, while some point to a historical pattern from 2017 that preceded a massive price increase.

Crypto analyst Didi Taihuttu warns of a potential bear market for Bitcoin, citing several bearish technical indicators. He advises traders to be cautious while suggesting long-term holders view dips as buying opportunities, emphasizing strategy over panic.