A technical analyst warns that XRP could experience a significant decline despite recent strong inflows into XRP investment products, especially from Switzerland. The analyst points to an ascending triangle pattern suggesting a possible initial price target between $4 and $7, with longer-term potential up to $27 or even $100 under certain macro conditions. However, the immediate risk is a sharp drop if key support levels fail amid market volatility. This caution comes after XRP led a rebound in global crypto investment products, but U.S. XRP ETFs showed little activity. XRP’s price slightly lagged a broader market rally driven by easing inflation concerns in the U.S., while futures activity surged, indicating mixed signals for near-term price moves.
XRP surged about 4% to $1.11 following a broader crypto market rebound triggered by softer U.S. inflation data. Technical signals suggest a bullish inverse head and shoulders pattern, with potential for a 20% price increase if XRP breaks the $1.12–$1...
XRP whale activity has increased alongside a notable drop in Binance's XRP reserves, falling from 2.80 billion to 2.61 billion tokens. Withdrawal transactions on major exchanges like Coinbase, Binance, and Bybit have surpassed deposits, indicating la...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
