The XRP price appears poised for a significant breakout as key technical indicators signal a bullish momentum shift. The Stochastic Relative Strength Index (RSI) is now climbing out of oversold zones, signaling a potential uptrend continuation for the altcoin.
After consolidating for nearly 25 weeks above its previous range highs, XRP is now flashing signs of renewed bullish strength. ‘Cryptoinsightuk, a market expert on X (formerly Twitter), has projected a potentially aggressive price rally if technical indicators remain favorable. The analyst’s weekly chart reveals that XRP has successfully turned a former resistance point into solid support—a classic setup for a continued uptrend. Now, the price is hovering around $2.57, maintaining higher lows after a massive surge earlier this year.
According to the analyst, this extended period of consolidation suggests that the market is stabilizing and preparing for its next big move, with technical indicators aligning accordingly.
One of the most compelling signals appears to be coming from the Stochastic RSI, which is now turning upward from oversold territory on the weekly timeframe. This crossover typically indicates that bullish momentum is re-entering the market, often indicating that sharp rallies are on the horizon. #Xrp🔥🔥 #altcoins #CryptoWorld #BTC #Ripple
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In the daily chart, the ETH price trend surfaces a massive downfall at play. within a falling wedge pattern, Ethereum has plunged from its previous swing high near $4,000 by nearly 40%. Currently, it is trading at $2,410, with an intraday drop of 4.18%. This comes as a bearish continuation of the 10% crash last night.
With the two bearish engulfing candles, Ethereum has broken below its February consolidation range, signaling renewed bearish pressure. Furthermore, it has nearly retested the lower support trendline, with a 24-hour low at $2,398.
Amid the increased selling pressure, the 100 and 200 EMA lines are on the verge of giving a bearish crossover. Furthermore, the daily RSI line has now taken a quick turnaround from the halfway line, nearing the oversold boundary. #Ethereum #CryptoNews
A widely followed cryptocurrency analyst expressed optimism on Monday that Dogecoin DOGE/USD -13.0% + Free Alerts would experience one "final leg up," potentially lifting the dog-themed meme coin closer to all-time highs.
What happened: In an X post, Cas Abbé said Dogecoin's current market conditions resemble those of the first half of 2021, when the meme coin exploded to $0.70.
"I think the next DOGE run will be fueled by Elon and D.O.G.E department hype," the analyst said, referring to the ambitious cost-cutting effort of Elon Musk that plays on the meme coin's popularity. #crypto #DOGE #Dogecoin
Bitcoin (BTC) has dropped below $95,000 and risks a further decline amid the ongoing market retrace. As February comes to an end, some analysts consider the flagship crypto needs to reclaim some crucial levels to continue its bullish long-term trend. #BTC #CryptoNews #TraderProfile $BTC
Stellar (XLM) has come under the spotlight with its downward trend over several months. However, crypto analyst Ali Martinez thinks that a breakout is approaching. #crypto #XLM #stellar