Latest news with #AliMartinez
Yahoo
20-05-2025
- Business
- Yahoo
XRP Price Slips as Bearish Chart Pattern Points to $2.00 Target
Global economic uncertainties are weighing heavily on cryptocurrency markets, with XRP experiencing significant selling pressure after failing to maintain momentum above $2.40. The digital asset has formed a bearish head-and-shoulders pattern on short-term charts, with high-volume selling emerging precisely when testing key resistance levels. Multiple analysts, including Ali Martinez, warn that losing the critical $2.30 support could trigger a substantial decline toward the $2.00 mark. Technical Analysis Highlights XRP formed a distinct head-and-shoulders pattern after rallying to a peak of $2.411 before declining 3.38% to $2.330. Significant resistance established at the $2.40 level with high-volume selling pressure. Support at $2.345 was tested multiple times before breaking during the 13:00 hour with volume surging 23% above the 24-hour average. Price declined from $2.341 to $2.329 in the last hour of trading, representing a 0.5% drop. Significant volume spike occurred at 13:35 when price plummeted from $2.345 to $2.337, accompanied by over 2.1 million in volume. Multiple failed attempts to recover above $2.340 between 13:38-13:41 created a lower high pattern. Renewed selling pressure emerged at 13:47-13:50, driving XRP to session lows near $2.326 with elevated volume confirming distribution. External References "XRP flashes crash signal with drop to $2 in sight", Finbold, published May 19, 2025. "XRP (XRP) Price Prediction for May 20", Coin Edition, published May 19, 2025. "2 Critical Warnings for Ripple's (XRP) Price: Details", CryptoPotato, published May 19, 2025. "XRP Price Confirms Bullish Reversal Setup With This Demand Zone", NewsBTC, published May 20, 2025.
Business Mayor
19-05-2025
- Business
- Business Mayor
Ethereum revisits December 2024's market signs – Here's what it means for you
Ethereum flashed conflicting signs about investor interest Trade volumes alongside withdrawals from exchanges might be the biggest clue Ethereum [ETH] fell by 11.5% in five days, falling from $2,738 on Tuesday to $2,426 at press time. During this fall, negative exchange netflows reinforced the idea of accumulation. In fact, 16 May also saw the single largest ETH withdrawal from exchanges since early April. The rejection from $2.8k was termed a 'reset' and not a reversal in another report, but highlighted the threat of profit-taking. Analyst Ali Martinez also noted that a brief correction may be anticipated for Ethereum. Evidence of higher selling pressure shows Ethereum might drop deeper Source: CryptoQuant The Coinbase Premium Index tracked the difference in the price of ETH between Coinbase (USD pair) and Binance (USDT pair). Positive premium values reflect a hike in U.S-based investor interest. Over the past month, this metric has been positive and it seemed to be rising once again. This alluded to a hike in interest from the United States' participants, which has been the case from the beginning of the rally, from $1.6k. Source: CryptoQuant Despite the positive premium, which generally is a sign of a sustained rally, ETH faced rejection at $2.8k. In fact, the 7-day moving average of the taker buy sell ratio has been falling rapidly over the past week too. It meant that the taker sell orders vastly outweighed the buy orders. As these are market orders, it implied greater selling pressure in the market. Some holders and traders might have been eager to realize profits, which could have halted the rally. A similar situation occurred in December 2024 – Something investors must be wary of. Source: CryptoQuant Finally, the spot volume bubble map showed that trading volume was low during April's bottom. That's not all though, as trading volume fell consistently over the last few days too. The green bubbles indicated a drop in volume, while the size represented the trading volume. December 2024's trading volume saw a sharp uptick, and this was marked as 'overheating.' Subsequently, Ethereum faced a sharp drop. The cooling trading volume on the approach of the $2.6k-$2.8k resistance zone may be a sign that buyers were wary. It could also be a sign that selling pressure from profit-takers has not been overwhelming. Thus, this finding seemed to reinforce the idea of a 'market reset,' instead of a trend reversal
Business Mayor
18-05-2025
- Business
- Business Mayor
Ethereum Price Struggles To Hold Above $2,500 — Watch Out For This Support Level
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The Ethereum price performance in the month of May has been nothing short of outstanding, surging by more than 35% in the past two weeks. After making a strong run toward the $2,700 mark on Tuesday, May 13, the altcoin's price has struggled to build on its momentum over the past few days. The price of ETH did manage to stay above the $2,500 mark over the past week, bouncing back from the psychological level on Thursday, May 15. However, the recent struggles seem to have compounded over the weekend, with the Ethereum price losing the $2,500 level to end the week. The Next Support Cushion For ETH Price Prominent crypto analyst Ali Martinez took to the social media platform X to share an interesting on-chain outlook on the price of Ethereum and its latest lack of bullish momentum. Following the dip of ETH beneath the $2,500 mark, the online pundit has identified the altcoin's next significant support level. Related Reading This evaluation revolves around the average cost basis of several Ethereum investors. Cost-basis analysis basically measures the ability of a price level to act as support or resistance — based on the total amount of coins last purchased by investors at this level. Read More Bitcoin Supply Drop Signals Upbeat Price Movement, Analyst Says Source: @ali_charts on X As shown in the chart above, the size of the circles directly corresponds with the quantity of ETH tokens bought within each price zone and the region's significance as support or resistance. In essence, the bigger the dot, the higher the number of tokens, and the stronger the support or resistance; the green dots are support (as they are usually below the current price), while the red dots represent resistance (as they are above the asset price). Data provided by Sentora (formerly IntoTheBlock) shows that the Ethereum price has key support around the $2,354 – $2,430 zone, where 2.64 million addresses purchased 63.9 million tokens (worth $153.04 billion at an average price of $2,395). As Martinez highlighted, this price bracket would serve as an on-chain cushion for the ETH price, as investors with their cost bases around the level would likely defend their positions by buying more tokens if the price falls toward $2,400. The fresh buying pressure around this price region would help counter the downward pressure, thereby keeping the Ethereum price afloat. The highlighted chart shows that it is all clear blue skies for the price of Ethereum, with no significant resistance lying ahead. However, the altcoin will need to hold above the $2,400 level, or it risks falling to as low as $2,200. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $2,480, reflecting a 0.7% increase in the past 24 hours. According to data from CoinGecko, the altcoin is down by nearly 4% on the weekly timeframe. Related Reading The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView Featured image from iStock, chart from TradingView
Business Mayor
18-05-2025
- Business
- Business Mayor
$40 Billion Worth Of XRP On The Move – Where Are They Headed?
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Onchain data shows that over $40 billion worth of XRP has been moved over the last week, which puts the altcoin on the edge. Specifically, these coins were transferred to exchanges, which indicates that XRP is at risk of a massive sell-off. Over $40 Billion XRP Moved To Exchanges CryptoQuant data shows that over $40 billion has been moved to Binance this past week, with the exchange's reserves surging during this period. This development is usually bearish as it indicates that investors are looking to offload their coins. This comes as the XRP price surged to as high as $2.6, which explains this wave of profit-taking. Related Reading Moreover, crypto analyst Ali Martinez revealed that Bitcoin whales have secured profits, selling over 30,000 BTC this week. As such, XRP whales may be simply mirroring this move. Meanwhile, Bitcoinist reported that XRP is reaching oversold levels as net flows turn negative, with the wave of sell-offs heightening. This selling pressure comes amid Judge Analisa Torres' ruling in the Ripple SEC lawsuit , which provides a setback for XRP. The judge denied the parties' motion for an indicative ruling because the filing was procedurally improper. The ruling also sparked a massive sell-off, with XRP dropping over 4%. XRP risks losing its bullish setup as Martinez revealed that the key support zone is at $2.38, meaning that a drop below this level could lead to a deeper correction. However, a hold above this level could set the altcoin for a rally to new highs as the analyst revealed that there are no major resistance clusters ahead. Crypto analyst CasiTrades had warned that XRP's failure to hold above the $2.69 resistance could send its price towards $2.30 for a reset. Altcoin Has Formed A Double Bottom Formation In an X post, crypto analyst Egrag Crypto revealed that XRP has formed a double bottom following the dip to $2.3126. He stated that the altcoin is still bouncing off the red descending trend line, showing resilience. The analyst added that the altcoin is experiencing some micro noise within the range between the Fibonacci 0.888 levels at $2.30 and $2.62. Related Reading His accompanying chart showed that the key is for the XRP price to hold above the trendline at $2.3. A bounce from this level could send the altcoin as high as $3.8, near its current all-time high (ATH) of $3.84. Based on its historical performance, Egrag Crypto still expects the altcoin's price to rally to between $27 and $33 in this market cycle. Source: Egrag Crypto on X At the time of writing, the XRP price is trading at around $2.37, down almost 2% in the last 24 hours, according to data from CoinMarketCap. XRP trading at $0.21 on the 1D chart | Source: XRPUSDT on Featured image from Getty Images, chart from
Yahoo
18-05-2025
- Business
- Yahoo
Bitcoin, Ethereum, Dogecoin Climb Ahead Of Weekend — XRP Lags Behind
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Major cryptocurrencies are trending higher early Friday, signaling renewed investor optimism heading into the Price Gains +/- Bitcoin (CRYPTO: BTC) $103,680.88 +1.3% Ethereum (CRYPTO: ETH) $2,627.97 +2.7% Solana (CRYPTO: SOL) $173.2 +1.2% XRP (CRYPTO: XRP) $2.43 -1.8% Dogecoin (CRYPTO: DOGE) $0.2278 +0.5% Shiba Inu (CRYPTO: SHIB) $0.00001507 +0.3% Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction volume increased 5.4% and 1.3%, respectively. While ETH's daily active addresses are up 1.6%, Bitcoin's daily active addresses are down 6.3%. Coinglass data shows 123,626 traders were liquidated in the past 24 hours for $340.61 million. Crypto chart analyst Ali Martinez noted that Bitcoin whales have booked profits by selling more than 30,000 BTC in the last 72 hours. Trader Notes: Crypto trader Ted Pillows believes Bitcoin is on the verge of a historic breakout, stating it's 'only one bullish candle away' from a new all-time high. His outlook remains — no wallets, just price speculation and free paper trading to practice different strategies. Meanwhile, trader Honey highlights a developing golden cross on BTC's 1-day charts historically bullish signal. The last time this pattern emerged, Bitcoin rocketed from $60,000 to $110,000 in just two months. On the altcoin front, Ali Martinez suggests Solana could break out of its long-forming cup-and-handle pattern if it decisively clears the $200 level, calling it an "instant buy" trigger. Ethereum is gaining traction too. According to Michael van de Poppe, ETH just completed its first major move higher, though he expects short-term consolidation as volatility increases. He sees sub-$2,400 dips as strong buying opportunities. Complementing that view, Captain Faibik notes ETH has broken out of a descending broadening wedge after a 5-month correction, historically a bullish setup. A clean move above $2,700 could fuel a rally toward $3,800–$4,000. XRP also shows early signs of life. Trader cryptoinsightuk believes a bullish continuation is on the table if momentum sustains. Lastly, Dogecoin is consolidating just below resistance. Trader Tardigrade expects this pause to continue for several days before a potential breakout toward $0.40, citing a bullish technical Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock Send To MSN: Send to MSN This article Bitcoin, Ethereum, Dogecoin Climb Ahead Of Weekend — XRP Lags Behind originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
