The market has finally welcomed the long-awaited recovery.
XRP has the potential to rise to the $3 level, with strong technical indicators suggesting a significant breakout may be imminent. The asset is currently trading at $2.10, and many important indicators favor the bulls. The key finding is that XRP remains well above its 50-day exponential moving average, which is a critical support level often acting as a springboard in bullish scenarios. This indicates that the current trend has potential strength and positions XRP favorably for further upward movement, especially if it can overcome current resistance. Since the peak at the beginning of the year, XRP's upward momentum has been constrained by a downward trendline that defines this resistance. However, this trendline has been steadily declining and is currently located around $2.60.
The daily candlestick chart for XRP is getting closer to testing this level, and a confirmed breakout may trigger a chain reaction of buying activity. The next logical target is $3.00, a psychological and historical resistance zone. If XRP can confidently break through $2.60, it will mark an important milestone for the asset.
One of the most interesting technical structures for XRP in recent months is this configuration. The relative strength index is at 52.7, indicating there is still significant room for growth before the asset reaches overbought territory. This further supports the view that if volume comes in to sustain the price trend, XRP may experience a substantial rebound.
Despite the overall cryptocurrency market still being unstable, XRP's current position above important moving averages and near trendline resistance suggests that a breakout is not only feasible but may be imminent.
Ethereum back at $2,000 Ethereum is facing a critical moment again, with the $2,000 mark becoming a major battleground between bulls and bears. After weeks of decline and overall market adjustment, ETH has rebounded above the $2,000 threshold. This retest may influence its future price trajectory. Ethereum remains above the technically and psychologically significant $2,000 threshold, currently trading at around $2,070. Historically, this level has been a solid support and resistance zone during significant market fluctuations. When Ethereum reclaims and holds this level, the narrative shifts from cautiously optimistic to bearish uncertainty.
Trading volume has slightly increased, and the trend of significant declines in February and early March appears to be flattening, which has helped Ethereum see gradual but sustained buying pressure in recent days. Although ETH has not yet surpassed its major moving averages, particularly the 100-day and 200-day moving averages, its resilience above $2,000 indicates that its internal strength is increasing. Currently hovering around 47, the relative strength index (RSI) also shows signs of recovery, indicating that Ethereum is not in the oversold territory but still has substantial room before overheating occurs. If momentum strengthens, this provides further technical space for ETH to rise. The lack of a significant surge in trading volume remains a concerning issue. Although ETH has rebounded, the trading volume is still relatively low, indicating that this move has not yet triggered widespread market participation. However, if ETH continues to consolidate above $2,000, it may attract a new batch of buyers—especially if market or macro sentiment is favorable.
What is the real reason? On-chain metrics indicate that whale inflows and low liquidity conditions are the main reasons for the price surge. Due to the lower order volume in the cryptocurrency market, even a small amount of bullish inflow can cause significant price fluctuations. While one trillion SHIB is a considerable amount, it is still far less than the inflows during a fully developed bull market. The important lesson here is that even a strong breakout does not necessarily confirm a long-term rebound. Unless institutional interest or retail participation significantly increases, the market lacks the volume and buying pressure to maintain a stable upward trend. However, SHIB has reclaimed key support areas and broken through the downward trend.#柴犬币 #以太坊ETF #XRP