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Showing posts with the label breakout

Bitcoin Bulls Eye $117,000, But CME Gap Closure Could Delay The Breakout

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Solana Breaks Out Of Ascending Triangle: Is $300 The Next Stop?

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Solana Drops To $185 Support Amid SEC ETF Delay, But Analysts Eye Massive Breakout

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XRP charts bullish reversal pattern as analyst eyes breakout to $2.65

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XRP is showing signs of a potential breakout after forming an inverse head and shoulders pattern on the 4-hour chart, a classic technical signal that often precedes upward price movements. According to leading chart analyst Ali Martinez:  “XRP appears to be forming an inverse head and shoulders pattern, potentially setting the stage for a 15% breakout to $2.65.”  At the time of writing, XRP is trading around $2.22, hovering just below the neckline resistance at $2.33. XRP analysts chart. Source: Ali Martinez The setup, clearly visible in recent price action, includes a left shoulder formed in mid-June, a deeper head that developed in the final week of the month, and a right shoulder now in the making. A breakout above the neckline with strong volume would confirm the pattern and open the door to Martinez’s upside target. XRP price analysis Momentum indicators such as RSI are leaning bullish, and volume has been ticking higher during recent upward ...

Dogecoin Needs $0.40 Breakout To Salvage Bull Case, Says Analyst

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XRP’s key price levels to watch after losing major support

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An analyst has identified XRP’s next key price levels to monitor as the asset struggles to reclaim the $2.50 resistance level following a breakdown from a key technical structure. Notably, XRP had been following a steady upward trend within an ascending channel. However, the price encountered strong resistance near $2.50, aligned with the 0.236 Fibonacci retracement level, which triggered a sharp rejection and subsequent sell-off, as observed by analyst Rocksorgate . In a May 24 TradingView post, the analyst suggested that XRP’s recent drop was likely a coordinated move to break below the 200-period exponential moving average (EMA), a vital dynamic support that typically signals trend direction. XRP price analysis chart. Source: TradingView Currently, XRP is hovering near the 0.5 Fibonacci retracement level at $2.35, a critical support area. If this level holds, it may lead to price stabilization. However, if it fails, the next support lies at the 0.618 ($2.29) and...

Bitcoin Must Close Above $107,000 To Confirm Breakout Or Risk Dropping To $98K

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XRP Whales Are Back – 880 Million Tokens Accumulated This Month

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