#XRP bull market may be nearing its end, with technical signals showing both bullish and bearish signs.
Crypto analyst Steph Is Crypto released a technical update on XRP, stating that despite having room for short-term growth, the current bull market cycle may have entered its final stage.
From the indicators, the altcoin season index (which measures the relative valuation of altcoins against Bitcoin) is currently at 39, far below the overbought threshold of 75, indicating that altcoins, including XRP, still have room for growth.
Technically, XRP has been oscillating around $3 since the end of 2024, trying to turn this price level from resistance to support; if the long-term upward trend line (effective from 2021 to present) is broken, it may trigger a sharp rise. Additionally, the recent golden cross (similar to the pattern in September 2024, followed by a significant rebound) also suggests a bullish outlook in the medium term.
However, the weekly stochastic RSI indicator has issued a warning: historically, when this indicator reaches overbought levels, XRP often shows local peaks followed by a pullback. When XRP peaked at $3.65 in July, the indicator also peaked, with analysts predicting it could rise to $4.50-$5.00, but this range may become a short-term top, and caution is needed regarding pullback risks.
#Dogecoin rose 4% in 24 hours, with whale funds being the key driving force.
In the past 24 hours, Dogecoin ($DOGE) has seen significant fluctuations in price and trading volume, rising 4% in a single day, currently reported at $0.235.
The core support for this rise is the influx of large funds: well-known 'whale' investors bought a total of 1 billion Dogecoins, with a purchase scale exceeding $200 million, and these investors may have controlled about half of the circulating supply. The price is strongly supported at $0.22, briefly reaching the $0.23 resistance level at midday, during which selling pressure increased and limited the gains, with peak trading volume reaching $780.9 million.
In the closing period, the price fell 1% within an hour, from $0.23 to $0.227, with short-term trading volume surging to 8 times the usual, interpreted as a signal of international large funds closing positions. The technical aspect shows that $0.22 is a psychological support level (active buying), and $0.23 is a short-term resistance; short-term volatility may continue, and attention needs to be paid to whether the bullish sentiment in the broader market can lead to a breakthrough.
ChatGPT is optimistic about #Remittix: Can it outperform XRP by 130 times in three months?
ChatGPT recently named Remittix ($RTX) as the best investment choice, claiming it could rise by 13,000% within three months, surpassing XRP and Stellar (XLM).
Currently, the price of #XRP is stable at $3.3, with analysts predicting it could reach $5 by the end of 2025 (up to a 10 times increase);
#XLM has risen 355% this year, with long-term forecasts suggesting a maximum growth of 4 times, which is far below 13,000%.
#Remittix, as a PayFi solution on Ethereum, focuses on cross-border crypto-fiat payments and supports the receipt of funds in bank accounts from 30 countries, aiming at a global payment gap of $19 trillion.
Its core advantages include:
Smart contracts audited by CertiK, liquidity and team tokens locked for 3 years;
A wallet with real-time foreign exchange functionality will be launched in the third quarter;
Users can receive a 20% referral reward. However, such high expected returns should be viewed with caution, as the crypto market is highly volatile, and independent research on risks is necessary.
Overall, XRP needs to be wary of the risk of the cycle nearing its end, Dogecoin is active in the short term driven by funds, while Remittix's high growth forecast tests market confidence, and investors need to make decisions based on their own risk tolerance.