The price of XRP recently reached a new historical maximum, rising to $3.66 for the first time in over six months. Shortly after, the altcoin dipped slightly and is now trading just 3.2% below its peak, indicating strong investor interest.
Exponential moving averages are forming a 'golden cross' and serve as dynamic support for the price.
This technical signal indicates that XRP is ready for further growth. A breakout above $3.66 could push the altcoin to $3.80, allowing for a new historical maximum.
If investors decide to take profits, a correction will begin, which could bring XRP down to below $3.38. A drop to $3.00 would cancel the bullish forecast and initiate a deeper correction.
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BNB is currently trading at $761, which is just 4% below the historical maximum of $793. By consolidating above the support level of $741, the altcoin will create conditions for a breakout to ATH.
The Parabolic SAR indicator is below the candles, indicating strong bullish momentum. This technical pattern confirms a sustained upward trend. If it continues, BNB could break resistance at $793 and rise to $810, setting a new historical maximum.
An premature sell-off could hinder this rally. If BNB does not hold at $741, a drop to $700 is possible. This would cancel the bullish forecast and raise concerns for traders, especially short-term ones, who are counting on a breakout.
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HYPE could set a new historical maximum if it holds above the support level of $46.94. Currently, HYPE is trading at $46.89, just 6% below its historical maximum of $49.87, reached last week. The Ichimoku cloud below the candles indicates a strengthening bullish trend, increasing the likelihood of a bullish breakout at $50.00.
However, if HYPE does not hold at $46.94, the bullish forecast may not materialize. A drop to $42.30 would exacerbate the correction and nullify recent gains. This could reduce investor confidence and signal a potential change in short-term market sentiment.
