Latest news with #MasterAnanda
Business Mayor
17-05-2025
- Business
- Business Mayor
XRP Price Explosion To $5.9: Current Consolidation Won't Stop XRP From Growing
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 XRP price is once again in the spotlight as a new technical analysis indicates that the cryptocurrency may be on the verge of a significant price explosion to $5.9 and beyond. According to the analyst behind this forecast, XRP's recent price behavior is not a sign of weakness but rather a period of strategic consolidation that is building momentum for the next major surge. Consolidation Phase To Fuel XRP Price Explosion Master Ananda, a crypto analyst on TradingView, released a detailed analysis of XRP on May 15. The analysis highlights the cryptocurrency's current price action and predicts its next bullish move . Starting with its historical price behavior, the analysis highlights a strong rally that took place in 2024, particularly around November and December, when XRP printed long green candles that indicated strong momentum. Related Reading After reaching a high, XRP entered a consolidation phase , during which price action formed a pattern resembling a symmetrical triangle or wedge. This is marked with red dashed lines on the chart, showing indecision in the market as the price was suppressed . Master Ananda revealed that after this triangle formation , XRP broke out around April 7, 2025 — a date now marked as a potential inflection point in the cryptocurrency's market cycle. Since then, weekly candles have consistently closed in the green, indicating renewed bullish momentum . Read More What Is Monero (XMR) Network? Adding to Master Ananda's bullish case for the XRP price is a Fibonacci retracement and extension levels drawn from the previous major swing high to the recent low. These levels help identify potential resistance and target zones for the next leg up. Source: Master Ananda on Tradingview Notably, the retracement levels have been marked around $2.05 (0.236 Fib), $2.39 (0.382 Fib), and $2.71 (0.618 Fib), culminating at the previous high of $3.40. Fibonacci extension project potential targets are at $4.50 (1.618 Fib), and the highest level is at $6.29 (2.618 Fib). Currently, the trajectory of the curved green arrow in the chart shows a more probable price target of around $5.9. However, XRP will still have to surge past the aforementioned retracement levels and the resistance at $4.5 to reach this level. The overall takeaway of this analysis is that XRP is printing strong bullish signals , and its current consolidation is seen as a precursor to further growth. The asset Approaches Make Or Break Zone XRP is entering a decisive phase, as crypto analyst Egrag Crypto predicts an imminent breakout from a tight consolidation range , within which the cryptocurrency has been trading for months. The analyst's chart shows a purple zone, which he described as a 'pandora box.' This zone represents a critical price range acting as both resistance and support, effectively trapping price action. Related Reading Egrag Crypto emphasizes that a breakout above or below this boxed range could ignite high volatility and significant momentum for XRP. He frames it as a pivotal moment where big moves, possibly explosive ones, are expected to happen. Read More Cardano (ADA) Sets Sights on New Gains: Is a Surge Imminent? XRP trading at $2.47 on the 1D chart | Source: XRPUSDT on Featured image from Getty Images, chart from
Business Mayor
12-05-2025
- Business
- Business Mayor
XRP Price Outperforms Bitcoin, Ethereum As ‘Strange Signal' Emerges, Why The Target Is $4
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The XRP price, while still being well below its all-time high price, is doing incredibly well after the market rebound. The altcoin has been able to outperform the likes of Bitcoin and by a large margin, showing its strength in the market recently. This comes as crypto analysts in the community have been predicting and calling for higher prices, expecting XRP to keep outperforming the heavy-hitters. XRP Leaves Bitcoin And Ethereum In The Dust Pro-XRP lawyer Bill Morgan took to social media to share an important update about the recent XRP price performance. The screenshot shared in the X post showed that when compared to Bitcoin and Ethereum, XRP has performed exceptionally well. The XRPUSDT pair showed XRP was up 9.96% in the last week at the time of the post. In contrast, the XRP/BTC pair showed a1.18% increase in seven days and 1.50% increase in 24 hours. Then when compared to Ethereum, the numbers were even worse. The XRP/ETH pair showed a 20.73% crash in seven days, while the 24-hour performance showed a 5.18% decrease. 'Strange Signal' Says A Blowout Is Coming Crypto analyst MasterAnanda has pointed out a 'strange signal' that has been forming on the XRP price chart. This signals comes with the rapid changes in candle formation on the price chart through the bear and bull cycles. This candle formation refers to the volatility and price swings experienced by the altcoin each time. The first one the crypto analyst points out is the fact that back in December 2024, XRP was forming big candles with the peaks at the beginning of the month. This continues even when the price turns and began going downwards. Read More ChatGPT thinks XRP will surge by 8x by the end of 2024 Then again, in the middle of January 2025, the same thing happens as the candles grow bigger when the price peaks again. They continue on into April as XRP continues to struggle through high volatility and rapid price swings. Source: TradingView However, it seems the trend in candle formation had begun to change as volatility and price swings fell. From mid-April toward the end of the month, the crypto analyst explains that there are smaller candles while the price grows. As the volatility fell, the analyst notes that XRP moved low but never made a new low, calling this a bullish signal. Related Reading: Still Holding TRUMP Coin? This Analyst Says Recovery To $79 Is Coming 'When the market was bearish, prices were moving down with force,' MasterAnanda wrote. 'Now the market is bullish confirmed because when resistance is hit, there is no bearish force, no bearish action no bearish momentum; just consolidation before additional growth.' If this bullish signal plays out, then, going by the analyst's chart, the XRP price could be looking at a rally toward $3.6. This would be an over 50% jump in price from the current level and perhaps push it toward new all-time highs. Market rebound sends price above $0.4 | Source: XRPUSDT on Featured image from Dall.E, chart from
Business Mayor
28-04-2025
- Business
- Business Mayor
XRP Price Breaks Above ‘Magic Line' With Bullish Continuation Toward $3
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The XRP price is breaking down once again after a week of upward movement triggered by Bitcoin's price above $90,000. This move has solidified support for the digital asset above $2, which continues to serve as a launch point for possible price increases. However, this is not the only bullish development that has come out for XRP during this time. A crypto analyst revealed that the XRP price has now crossed an important level, and the altcoin is expected to continue on its upward momentum again. XRP Price Breaks Magic Line The magic line in question here is an important trend line that has helped to show the trajectory that the XRP price could possibly take from here. This was observed by crypto analyst Master Ananda, who took to the TradingView website to share this notable break. In addition to this, the altcoin is also showing some major trends that suggest that bullish pressure is still higher than that of the bears, at least for the time being. According to the crypto analyst, it is possible that the XRP price could succumb to a retrace from here, which would be the result of a major move. However, it is not all bad, given that the retrace could end up resulting in a correction. This is because a bullish continuation is a normal occurrence after a digital asset has confirmed support, Master Ananda explained. In terms of the current movement, the magic line refers to the top orange trend line, which has obviously been broken. For the XRP price to follow the bearish downtrend, it would have had to push lower below $2. But bulls have maintained support above $2 and triggered a breakout toward $2.2. Read More Decoding the 'greed' for Ethereum but with a pinch of salt Source: TradingView 'The trendline has just been broken and XRP is moving sideways, consolidating,' the crypto analyst explained. This consolidation will lead to a bullish continuation. The next move is up.' If this holds, the crypto analyst's chart shows an at least 30% move for the XRP price that could put the altcoin above $2.8 and well on the way to $3. Not only are the technicals pointing toward a bullish continuation, but there are other factors that are propelling bulls. For one, the announcement that the CME Group is planning to launch its own XRP futures product has boosted community morale. Furthermore, another market analyst expects the XRP price to actually reach as high as $100 if it captures only 10% of SWIFT's volume. Bulls reclaim control of price | Source: XRPIUSDT on Featured image from Dall.E, chart from
Business Mayor
23-04-2025
- Business
- Business Mayor
Dogecoin Price Rebound: Why DOGE Is On The Verge Of 333% Rally Toward $0.7
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. Dogecon continues to look toward a rebound despite the market sentiment. This has been strengthened by the increased market participation and rise in the Bitcoin price over this time. As bulls continue to dominate the market now, it could mean an end to the downtrend that began in January 2025, and the beginning of a recovery that could see the Dogecoin price reach new all-time highs. Dogecoin Price Is Hitting A New Bottom According to pseudonymous crypto analyst Master Ananda, the Dogecoin price is going through a classic resistance-turned-support dynamic, which could trigger a rally. This began back in 2024 when the Dogecoin price hit new local peaks, but given that the Dogecoin price is trading at what is expected to be the 2025 bottom, this could be good news for the meme coin. Related Reading As the crypto analyst points out, the Dogecoin price has undergone a perfect 3-3-5 correction pattern based on a complex ABC wave. At the same time, the market action, as well as the Fibonacci levels, could be showing the end of this correction. The thing about these types of corrections is that once they are done, an impulse wave tends to follow, which turns out to be a bullish wave, more often than not. Read More Forget The Dip! XRP Primed For Epic Rally To $36, Expert Claims 'After the late 2024 bullish cycle, Dogecoin entered a classic correction,' the crypto analyst explained. 'This correction started on the 08-Dec. '24 session and ended 07-Apr. '25, support was found in the mid- to late 2024 consolidation range and resistance zone.' Source: TradingView Where Is The Price Headed From Here? With a breakout expected to follow the end of the ABC correction, the next targets have been placed at more than 100% by the crypto analyst. As Master Ananda explained, the Dogecoin price is currently on the verge of a maximum bullish momentum and growth. As such, there is a higher chance that the resultant surge could trigger a rise toward all-time high levels. Related Reading However, on the shorter timeframe, the crypto analyst points out a possible 333% rise from here. This would put the Dogecoin price above $0.4 and at the same time, put it on a path to beating $0.7 in the end. Additionally, the crypto analyst points out that the lack of action on the chart, as well as the muted trading volume, suggests that it is still very early for Dogecoin. When it eventually moves, it is expected to explode, especially as the leading meme coin. 'Dogecoin is still trading at bottom prices, go for it, it is not too late,' the crypto analyst said in closing. DOGE bulls push against resistance | Source: DOGEUSDT on Chart from
