🔥🔥🔥 $XRP Price Eyes Upside Break: Will The Gains Keep Rolling? XRP Price Targets Fresh Upside Break XRP is currently on an upward trajectory, aiming for a breakout above the $0.600 resistance level. Key Points: - Fresh Increase: XRP is climbing above the $0.580 zone. - Current Position: Trading above $0.580 and the 100-hourly Simple Moving Average (SMA). - Technical Pattern: A key contracting triangle with support at $0.5880 is forming on the hourly chart (data source from Kraken). - Bullish Momentum: The pair could extend its bullish momentum if it clears the $0.600 resistance zone. XRP Price Movement: After stabilizing above $0.540, XRP began a fresh increase, surpassing the $0.5650 and $0.5720 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.6374 swing high to the $0.5404 low. Although XRP remains positive above the 100-hourly SMA, it is facing resistance near the $0.600 level. Key Technical Factors: - Contracting Triangle: Support at $0.5880 on the hourly chart. - Current Trade Level: Trading above $0.5880 and the 100-hourly SMA. Resistance Levels: - First major resistance: $0.600 - Next resistances: $0.6150, $0.6370, $0.650, and $0.6665 - Further gains could reach: $0.680 Potential Downside: If XRP fails to clear $0.600, it may decline. Initial support is near $0.5880 and the triangle's lower trend line, with major support at $0.5650. A break below $0.5650 could lead to a further decline toward the $0.540 support. Technical Indicators: - Hourly MACD: Gaining pace in the bullish zone. - Hourly RSI: Above the 50 level. Key Levels: - Support: $0.5880, $0.5650 - Resistance: $0.6000, $0.6150 Source - newsbtc.com #CryptoTrends2024 $XRP #bnb #btc #binance #ETH
🚨 🚨 ⚠️ Breaking News! $BONK is set to surge with an impressive 74% token burn. The $BONK community has just approved the burning of 84 billion tokens from the project's treasury. This strategic move is aimed at reducing circulating supply and boosting scarcity, potentially driving the cryptocurrency's value to new heights. This isn't the first time $BONK has seen a major token burn. A similar event in April, where 278 billion tokens were burned, led to a significant price increase. The community's commitment to such measures underscores $BONK 's dedication to a robust and dynamic market presence. Keep an eye on BONK as this development could potentially lead to a substantial price surge, with expectations of a 300% increase in the near future. The calculated reduction in supply is expected to enhance long-term value and drive the cryptocurrency to unprecedented levels.$BONK #Write2Win #binance #btc
⏳Extremely rare pattern - #1000PEPE 💸 In this situation we can observe a very, very rare formation - a mirror #AscendingChannel . 📝This means only one thing, that in the near future we are likely to see another false breakdown of its lower boundary and the subsequent very fast return to the swing highs above, which are our target. 🔜I plan to enter the trade from current(0.0121$-0.0113$). 🛑 Stop loss will be at (0.01065$). ✅First take (0.0132$) ✅Second take (0.0135$) ✅Third take (0.0139$) When the first take is reached, the #stoploss should be moved to breakeven. Reaching the third take will amount to 15.5% of net movement excluding shoulders. $PEPE #binance #Write2Win #btc #ETH #bnb