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Showing posts with the label crypto analysis

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

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Bitcoin Breakdown in Motion – Bounce Trap Or Deeper Bear Market Warning?

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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 ...