XRP Shows Strongest Technical Signals Across Crypto Markets – Analysis

check_eligibility

Gain Exclusive Access to the Yellow Network Waitlist

check_eligibility

XRP Shows Strongest Technical Signals Across Crypto Markets – Analysis

Dec, 26 2024 11:12

XRP Shows Strongest Technical Signals Across Crypto Markets – Analysis

Cryptocurrency analyst CredibleCrypto views XRP's prospects positively. Addressing his 450,200 followers on X, formerly known as Twitter, the analyst stated that XRP paired with Bitcoin appears exceptionally promising. He plans to initiate a long position shortly.

The analyst's one-hour chart indicates a potential initial downward trend for XRP. However, it suggests a subsequent rise of at least 65%. He identifies an inverse head-and-shoulders pattern on the chart, a traditional bullish signal in technical analysis.

Describing XRP's chart as "the most bullish-looking" off the lows, he implies a significant build-up of momentum.

Currently, XRP trades at 0.00002323 BTC ($2.28).

Turning to Ethereum, the analyst forecasts ETH will fluctuate between $3,000 and $3,800. Subsequently, ETH could bottom out near $2,800. His 12-hour chart proposes Ethereum might then achieve a new all-time high exceeding $6,000. As of now, Ethereum is trading at $3,492.

Regarding the Ethereum/Bitcoin pairing, CredibleCrypto aims for ETH to fall to the 0.02700 BTC to 0.02800 BTC range before considering a long position. The ETH/BTC pair, according to him, is gradually declining following an initial rally. He notes that reaching this entry point might signal a pivotal low for the cycle.

Currently, ETH trades at 0.03542 BTC.

Latest News

Official Trump Meme Coin Skyrockets 3000% Amid Market Manipulation Fears

President-elect Donald Trump has stirred the crypto world by introducing the Solana-based meme coin, Official Trump (TRUMP). The launch, generating substantial trading activity, has also garnered scru

Hedera Token Sees $2B Trading Spike Amid 5% Rally

Hedera (HBAR) has experienced a remarkable surge, climbing over 5% in the past 24 hours and a substantial 37% over the past week. This upward trajectory comes amid trading volumes exceeding $2 billion

Who Will Be the Biggest Crypto Adopters in 2025? Analysts Weigh In

The crypto market is seeing a massive change in the way adopters opt for digital assets as the market matures and ETFs getgets approved. There is a wave of adoption, with regulatory developments and s

Related News

XRP Jumps 8% as Whale Wallets Hit All-Time High

XRP has experienced a notable resurgence, climbing approximately 8% in the past 24 hours, thereby boosting its market capitalization to $147 billion. This rally has reinforced its standing as the thir

XRP Rises While Bitcoin and Ethereum Go Down: How So?

Ripple's XRP token has seen a surge in open interest. It reached nearly $1bn over the weekend, while the price of the token hovers around $0.61. XRP's performance stands out in the crypto market. It

XRP Takes Hit on Two Fronts: Price and Volume Show Weakness

This past Monday brought notable challenges for Ethereum, Dogecoin, and Avalanche as they faced a downturn in the market. However, XRP bore the brunt with a substantial decline in value over a seven-d

XRP Soars 20%, Overtakes BNB as Fifth-Ranked Cryptocurrency

XRP has made waves with a remarkable surge of over 20% on Friday, outshining major cryptocurrencies like Bitcoin, Ethereum, and Solana. This impressive increase has vaulted XRP to the position of the

XRP Shows Signs of Momentum as Analyst Predicts Potential 50% Rally

XRP is gaining traction after a period of stagnation below $0.60. The cryptocurrency has struggled to keep pace with recent broader market gains. But its latest price action has sparked renewed intere

Related Articles

Top 10 Must-Read Crypto News This Week: Meme Coins Outshine Bitcoin, Trump's Token Stumbles

This week was bursting in interesting news. Donald Trump’s token was almost a complete failure, meme coins seem to be outperforming Bitcoin, and hackers steal again and again. These are ten most si

Daily Crypto Market Highlights: Bitcoin Nears $100K as HAROLD, MODE, MYTH, and TARS AI Shine

As Bitcoin inches closer to the $100,000 mark, the market is buzzing with heightened activity and investor optimism. The surge has also sparked renewed interest in altcoins and utility-driven projects

Ethereum Killers Are Surging: Why Is ETH Stalled?

Ethereum is struggling to break to a new price level. In the meantime, some of the coins dubbed as «Ethereum killers» are rising quickly. Why? Does this signify the end of the Ethereum era? The term

Daily Crypto Market Highlights: MAD, STRX, and EGO Surge, SUI Plunges into Turmoil

In the wake of Bitcoin's surge, many altcoins, and memcoins in particular, are experiencing a real upswing. Although it does not always turn out to be long-lasting. Here are the 5 coins that the marke

Trending Crypto of the Week: Bitcoin Near ATH, SOL and DOGE Soar

We are moving into the US election week on Monday (November 4) but before that let’s take a look at how the crypto market fared last week, especially in the run-up to the Presidential Election which w