The technical analysis of the daily chart #XRPUSDT🚨 reveals the formation of a classic bullish trend, a setup that points to 15 dollars, a bullish potential of 520% compared to the current levels. The 50-day simple moving average provides solid support at 2.10 dollars, while the relative strength index remains above the level of 50. A daily close above 2.41 dollars would confirm the breakout of the current price structure and pave the way towards the target of 15 dollars. This technical projection aligns with the forecasts of leading analysts in the sector, particularly Egrag Crypto who, using Elliott wave theory combined with Fibonacci levels, anticipates the reach of 15 dollars by May 5, 2025. $XRP
"I think there is a possibility that it will reverse and #xrp and #Ripple will reconnect. The SEC may let it all go now that Trump is there. That is another thing you have to worry about. And this is the reason why I get it from both sides, both pro-crypto and anti-crypto, The case risks being abandoned" - says Gasparino.
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$HBAR Technical Patterns and Developments: Several cryptocurrency analysts have pointed out positive technical patterns for #HBARUSDT , including a possible breakout of a bullish pennant pattern and expectations of a move towards the $0.45-$0.50 range.
Some sources have predicted that, in an optimistic scenario until the end of December 2024, $XLM could reach a maximum price of around $0.75 before the end of the year. This would represent a considerable increase from its most recent price of $0.5170 for Christmas 🎄 🎅 #XLM #Stellar
Technical analysis indicates that XRP could find support around 2.10 dollars, offering potential entry points for investors looking to take advantage of the current consolidation. Now it remains for the bulls to convert the resistance at 2.91 dollars into support, XRP could seek to surpass its all-time high of 3.84 dollars from 2018 and beyond. $XRP