XRP Battles Key Resistance as Market Awaits Major Breakout
XRP remains at a decisive point, consolidating within an ascending triangle while facing crucial resistance levels. Market analysts anticipate a breakout, with historical data supporting an upward move.
According to EGRAG CRYPTO , XRP continues to fill an ascending triangle pattern on the 12-hour timeframe. Historically, ascending triangles break to the upside 70-75% of the time. Given these probabilities, a price surge toward $3.2-$3.4 remains likely.
XRP has formed three key highs, each followed by a retracement, with price action respecting a strong trendline The price remains supported by a strong upward trendline.
XRP’s key support lies at $2.4700 , aligning with the ascending trendline. If the price falls below this level, it could test $2.0000, a historically strong demand zone. The $1.6000 level represents an even stronger support area where significant buying interest has emerged.
Resistance levels at $2.7500, $3.2240, and $3.4000 define potential breakout points. A move beyond $3.4000 could confirm bullish momentum. Volume analysis shows surging activity during breakout attempts, with declining volume on pullbacks, indicating accumulation.
AgentXYZ_ai’s analysis presents a cautious outlook. XRP trades below key exponential moving averages, with EMA 8 at $2.6215 and EMA 20 at $2.6367. The RSI stands at 46.6, suggesting neutral momentum. Additionally, the MACD line at -0.0241 indicates potential downward pressure.
A recent ‘Short Line Candle’ pattern signals indecision, countering previous bullish momentum. With daily trading volume at $2.04 billion, participation remains steady, though slightly reduced.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
XRP Price Prediction For February 23
The latest analysis of XRP’s price chart suggests the cryptocu
XRP Price Prediction For February 23
The latest analysis of XRP’s price chart suggests the cryptocurrency has likely reached its bottom, with predictions of a potential rise. Looking at the daily chart of XRP, the price has been trading sideways, bouncing between a major support level and resistance. The price is currently facing resistance between $2.65 and $2.80. On the downside, there is significant support around $2.50, and below that, a stronger support zone between $2.25 and $2.30.
Resistance Levels
According to chart , the primary resistance zone for XRP lies between $2.65 and $2.80. The price has yet to break above this range, and until it does, the upward movement remains limited. If XRP can close above the $2.80 mark with confirmed candles, we could see a continued upward movement towards $3. Once reaching $3, however, the price could encounter resistance again around this level.
Support Levels
On the downside, XRP has decent support at around $2.50. Should the price fall below this level, there is stronger support in the range of $2.25 to $2.30. If the price fails to hold these levels, it could signal further downside potential.
Long-Term Predictions
On the larger time frame, XRP began a rally in July and has been following a potential upward structure. The key support area is between $1.20 and $1.27, and as long as the price stays above this range, the bullish outlook remains intact. This sideways range between $1.20 and $4.20 has been a common pattern for XRP, and it could continue for a while. The current price movement suggests the upside may still be incomplete, and a break above the previous highs of $2.65 to $2.80 could signal a continuation toward the $5-$6 target range for the next cycle.
$XRP
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🚨 Technical Analysis of $KAITO /USDT 4-hour chart :
1. Trend & Price Action
The price is at $1.4598, down by 10.01% over the past 24 hours.Recent high: $2.1200, with a subsequent fall.
Recent low: $1.4406, indicating that the price is close to its 24-hour low.
A downtrend with lower highs and lower lows is evident.
2. Moving Averages (MA)
MA(7) = 1.5323 (short moving average) is higher than the current price, showing bear pressure.
MA(25) and MA(99) are not available, but if drawn, they would confirm the bigger trend.
3. RSI (Relative Strength Index)
RSI(6) = 45.55 (short RSI) is moving towards the oversold area, so there could be weak momentum but no severe oversold situation yet.
RSI(14) = 59.45 indicates that the market is in a slight bullish to neutral area on a larger timescale, but in the short term, the trend is faltering.
4. Chart Pattern & Key Levels
The price is being rejected from $2.12 and building a downward pattern, which suggests bearish momentum.
Support level: Near $1.44, near the 24-hour low.
Resistance level: Near $1.53 (MA7), and firmer resistance at $1.71 (24-hour high).
5. Possible Scenarios
✅ Bullish Case:
If price supports above $1.44 and RSI consolidates, it may try bouncing towards $1.53 or higher.
Breakout above $1.71 may signal more robust recovery.
❌ Bearish Case:
If price penetrates below $1.44, support may lie in the range of $1.30–$1.35.
Additional downside risk if momentum fails to strengthen.
Conclusion
Short-term trend: Bearish.
Key watch levels: $1.44 support and $1.53 resistance.
Trading strategy: Wait for RSI confirmation and price action at supports/resistance levels before entering.
Do you want more in-depth analysis? comment token name ? $KAITO
Introduction In the dynamic realm of cryptocurrencies, every chart tells a story. The recent price a
Introduction In the dynamic realm of cryptocurrencies, every chart tells a story. The recent price action of the ONDO/USDT pair has been a narrative of highs, lows, and sideways battles. This article delves into the technical dimensions of that journey, highlighting key turning points and levels that may shape future movements.
A Tale of Highs and Lows
The chart paints a picture of a token that once reached a notable peak—likely reflecting bullish sentiment or a market rally—only to be met with a subsequent downturn. This decline from the earlier high suggests that market participants quickly reassessed the asset’s value, possibly reacting to broader trends or specific developments related to ONDO. In technical analysis, such reversals can signal a period of consolidation or even a transition toward a new trend.
The Dance of Consolidation and Rallies
Amid the downtrend, the chart reveals episodes of sideways movement. These periods of consolidation indicate moments when buyers and sellers were in a delicate balance. Temporary rallies punctuated these intervals, hinting that some market participants viewed the dip as a buying opportunity. However, these upward spurts were met with resistance, which ultimately reined in the price. Traders watching for a breakout would likely consider these rallies as early indicators of potential shifts in momentum.
Critical Support and Resistance Levels
Key technical markers emerge when identifying the support and resistance zones on the chart. The support area—positioned around the lower price range—appears to act as a safety net where buyers step in, preventing further declines. Conversely, resistance near the mid-price range has repeatedly halted upward advances, suggesting that overcoming this barrier could be essential for any sustained bullish move. These levels are not just numbers; they reflect collective market psychology and trading history.
Looking Forward
For technical traders, the ONDO/USDT chart is a call to monitor the balance between support and resistance closely. A decisive move beyond these established levels may indicate a change in market sentiment—either a bullish breakout or a bearish continuation. As always, while historical patterns offer clues, the inherent volatility of the crypto market reminds us that caution and further analysis are paramount.
Disclaimer: The insights provided in this article are for informational purposes only and should not be taken as financial advice. Always perform your own analysis or consult with a financial expert before making any investment decisions.
$ONDO
Bitcoin Price Steady As Nasdaq 100, S&P 500, SCHD Retreats
Bitcoin price held steady above $95,550 even as popular American stock indices and exchange-traded funds dived.
Bitcoin (BTC) was trading above $96,550 at last check Saturday morning, a day after U.S. equities had their worst day this year.
Nasdaq 100, S&P 500, and SCHD retreats
The blue-chip S&P 500 index dived by 1.71%, while the tech-heavy Nasdaq 100 fell by 2%, erasing 455 points. Similarly, the Dow Jones and the small-cap-weighted Russell 2000 fell by 1.70% and 3%, respectively.
The Schwab US Dividend Equity ETF fell by 0.5%. This ETF, known as the SCHD, tracks some of the biggest value stocks in the US and is highly popular among dividend income investors.
Nasdaq 100 vs Dow Jones vs S&P 500 | Source: crypto.news
Many technology stocks, including Nvidia, Apple, Microsoft, and Meta Platforms were among the top laggards.
The CNN Money fear and greed index remained in the fear zone of 35, while the crypto fear and greed index moved to the greed area of 38.
Bitcoin and American equities have retreated because of the elevated market risk about President Donald Trump’s tariffs and the Federal Reserve.
This week’s Fed minutes showed that most officials favored maintaining a restrictive policy since inflation remains elevated. Data published earlier this month revealed that the headline and core consumer price index rose to 3% and 3.3% in January, moving further from the 2% target.
Bitcoin and other cryptocurrencies do well when the Federal Reserve has a dovish tone. For example, they crashed in 2022 as the bank hiked rates, but rebounded between 2023 and 2024 as the bank started its pivot.
Investors are also concerned about tariffs, likely leading to more market risks. Trump has already implemented tariffs on Chinese imports. Tariffs on Canada and Mexico, and steel and aluminum will kick off in March. He is also considering levies on European goods.
Higher tariffs will likely lead to stagflation, a period where high inflation is accompanied by slow growth rate. It is a difficult period since interest rate hikes to slow inflation lead to a slow economic growth, while rate cuts triggers higher inflation.
You might also like: Trump’s trade war: Tariffs, recession risks, and crypto volatility | Opinion
Bitcoin price chart points to a rebound
Bitcoin price chart | Source: crypto.news
On the positive side, there are signs that Bitcoin price will stage a strong comeback in the coming weeks. The weekly chart shows that it has been forming a bullish flag pattern, which is made up of a tall vertical line and some consolidation. This pattern eventually triggers a strong bullish breakout.
Before that, the Bitcoin price formed a cup-and-handle pattern. This cup has a depth of about 78%, meaning that the BTC price target is about $121,590. The target is established by measuring the distance from the cup’s upper side.
Read more: No matter how absurd, David Portnoy’s meme coins just keep working