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XRP remains in a sideways trading range and the price is currently down by more than four percent. For the breakout to be confirmed, XRP needs to break above the $2.51 level. This level is an important first indication that the low is likely in and the market could begin to move higher. Although there was a rally yesterday, the price failed to exceed this key resistance level, meaning the breakout is not yet fully confirmed. The $2.72 level is even more critical. If XRP surpasses this level, it would mean a full breakout from the triangle pattern, signaling a potential bullish move. Understanding the Difference Between Indication and Confirmation Itâs important to differentiate between indication and confirmation. If XRP moves higher but fails to break above the high of $2.72, it could be an extension of the triangle rather than the completion of the pattern. Breaking above the high is crucial for confirming that the triangle pattern is complete and that the price is ready to move in a new direction. However, until we see this level broken, there is still a possibility the triangle could extend. Critical Support: $1.96 Level Another important level to watch is $1.96, which serves as a key support area. If XRP falls below this level, the triangle pattern would be invalidated, and the market could enter a larger bearish structure. This level remains a critical point for the bullish thesis to hold. Patience is Key These consolidations are often slow and boring, which is the case with XRP right now. However, patience is required during this phase. As long as XRP stays above the support levels between $2.24 and $2.23, the market could still focus on higher price action.#NFPCryptoImpact #Binance #EOSPoject $BNB $XRP $BTC
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Solana price struggled to clear the $220-$225 zone and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $212 and $205 support levels. The price even dipped below the $200 handle. A low was formed at $196.73, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $223 swing high to the $196 low. Solana is now trading below $200 and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $204 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $204 level. The next major resistance is near the $210 level or the 50% Fib retracement level of the downward move from the $223 swing high to the $196 low. The main resistance could be $213. A successful close above the $213 resistance level could set the pace for another steady increase. The next key resistance is $225. Any more gains might send the price toward the $240 level. Another Decline in SOL? If SOL fails to rise above the $205 resistance, it could start another decline. Initial support on the downside is near the $196 level. The first major support is near the $188 level. A break below the $180 level might send the price toward the $175 zone. If there is a close below the $175 support, the price could decline toward the $162 support in the near term. Technical Indicators Hourly MACD â The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) â The RSI for SOL/USD is below the 50 level. Major Support Levels â $196 and $188. Major Resistance Levels â $205 and $210. #CryptoMarketDip #BinanceMegadropSolv $BNB $BTC $SOL
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Bitcoin is currently retesting a critical area on its price chart, aiming to flip previous resistance into new support. Ethereum, Chainlink, Solana, and XRP are also showing key movements, with XRP rejecting resistance and Chainlink showing bullish divergence. The market may experience further fluctuations in the short term, but the longer-term trend remains bullish. Rippleâs XRP is up by more than 15 percent in the last seven days and is currently trading at $2.42 level. The XRP chart has been showing a sideways movement, and while itâs been in a range, itâs currently quite interesting. The price is adhering well to key levels and following the proposed microstructure weâve discussed on different time frames. Although the larger time frame hasnât changed much, itâs important to understand the ongoing micro movements as they could have implications for the week ahead. These developments could be significant, as we may be heading into a decisive week for XRP. Critical Levels to Watch XRP is behaving exactly as expected, rejecting from the resistance level around $2.50. This has been a key area of resistance that Iâve been warning about for days. Since this bearish divergence is on the 4-hour chart, itâs unlikely to last for more than a few days. Over the next 1-2 days, the pullback could continue, but it should clear up within 3-4 days. If we see a confirmed breakout above the $2.50 resistance, it would mark a significant shift in the trend. For the immediate future, the price is expected to continue reacting to the bearish divergence, leading to a rejection from the resistance level. Key support levels to watch are $2.32, $2.22, and $2.13-$2.14. The lower boundary of the descending channel is around $1.83, which is another important support level.$BTC $XRP $BNB #BitcoinHashRateSurge #BinanceMegadropSolv
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Rippleâs XRP is currently down by more than two percent and is trading below the critical $2.40 level. For XRP to maintain its upward momentum, it must hold above current support levels, particularly the $2.29 mark. Keep in mind that XRP, like many major altcoins, often follows Bitcoinâs price action. If Bitcoin experiences a short-term bounce, we may see similar movements in altcoins like XRP. Possible Pullback or Minor Slowdown Ahead? Although the bearish divergence may signal a pullback, it does not always lead to a significant drop. Sometimes, it results in a minor slowdown, like the current resistance around the $2.50 mark. With XRP nearing a key resistance point and flashing this warning sign, itâs not the best time to open new long positions. In fact, it could be a good idea to take some profits from existing positions for now. Support and Resistance Levels The price is also encountering resistance at $2.70 and $2.63. Pivot points show additional resistance at $2.58 and $2.53, with some stalling observed in the 3-10 day moving average crossover and raw stochastic levels at 80% and 70%. The price crossed the 18-day moving average at $2.41, and the 38.2% retracement from the 4-week high stands at $2.41. Additional support is found at $2.40 (first support point) and $2.35 (second support point), with a 50% retracement from the 4-week high/low at $2.31. The 9-day moving average also stalled at $2.33. Further support levels appear at $2.27 and $2.19, where the price crosses the 9-day moving average. Deeper support is found at $2.20 and $2.11, with raw stochastic levels showing oversold conditions at 20%. #CryptoReboundStrategy #BTCâ $BTC $XRP $BNB
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In line with the general crypto market, Avalanche (AVAX) has experienced significant market correction over the past two weeks following an extended price rally. With the altcoinâs price now hovering around the $36 price zone, recent market predictions have highlighted a critical market condition needed to avoid a complete collapse of AVAXâs bullish structure. AVAX Price Overview At the time of writing, AVAX trades at $36.74 following a decline of 2.12% in the past 24 hours. Meanwhile, the altcoinâs daily trading volume is down by 6.40% and valued at $448.45 million. On larger time charts, AVAX is in greater losses of 11.65% in 7 days and 14.81% in 30 days, demonstrating a consistent decline in recent weeks. In making any headway, AVAX will first need to confront a major resistance at the $42 price zone, the subversion of which could open the pathway for a potential rally to $55. With the crypto bull run predicted to fully take off in early 2025, this altcoin remains an investorâs favorite following its price performance in the 2021 bull cycle during which it gained by over 4,400 to establish its current all-time high of $144.96. With a market cap of $14.92, AVAX continues to rank as the 11th largest asset in the cryptocurrency market.#BitwiseBitcoinETF #BtcNewHolder $BTC $XRP $BNB
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