Technical Analysis of $XRP Price: Imminent Breakout or New Consolidation Phase?
XRP has been trapped in a descending triangle since July, with strong support around $2.70 and a narrowing downward dynamic resistance. On the fundamental side, the
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
XRP has been trapped in a descending triangle since July, with strong support around $2.70 and a narrowing downward dynamic resistance. On the fundamental side, the
Ethereum is showing signs of exhaustion after its August peak, with the current price of $4,194 sitting very close to the support. Institutional demand and declining
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Bitcoin Cash ($BCH) is trading at $568.36, brushing against the lower boundary of the bullish channel it has maintained since April, signaling an imminent risk of
HBARās current price, at $0.247, has recently broken below its bullish channel, signaling a clear shift toward a bearish trend. The bullish momentum recorded between August
XLM experienced a 130% rally since early July, surging from $0.22569 to a high of $0.52, a level now acting as strong resistance. After failing to
SUI has shown a strong increase in TVL, surpassing USāÆ$2.2 billion in July, along with a 145% growth in daily active users, reflecting real adoption and
Chainlink has been forming a descending triangle over the past few months and is approaching a potential breakout, although it has recently shown signs of exhaustion
$DOGE recently broke a descending trendline that began on May 23, potentially signaling a short-term structural shift. The current price is $0.16127 after rebounding 13% from
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