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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 (BTC) has dropped again, revisiting the $56,000 price level as predicted and reported by Finbold on September 1. What the cryptocurrency market primarily sees as a bearish signal, millionaire investors see as an opportunity, increasing their BTC stacks. The above is true for at least three Bitcoin whale addresses spotted accumulating millions of dollars in BTC these days. In particular, Finbold collected three posts from Lookonchain on X, reporting some of these millionaire investors who are bullish on Bitcoin. Notably, the recent purchases happened as September started in the red despite what the stock market calls the “September Effect.” Historically, both stocks and Bitcoin presented negative average and median results in September, bringing fear, uncertainty, and doubt (FUD). Picks for you $1 trillion wiped from the...