Latest news with #Tradingview
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
Dogecoin Head And Shoulders Pattern Suggests Surge To $0.23 With $1.65 Billion At Risk
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After several days of indecisive movement, Dogecoin appears to be approaching a technical turning point. The cryptocurrency is currently trading near $0.17, with a slight 1.4% increase in the past 24 hours. Technical analysis of the Dogecoin price chart shows that the meme coin is about to complete a classic head and shoulders pattern that would send it above $0.22 again. This comes as derivatives data shows that a break could trigger liquidations close to 1% of the $1.65 billion open interest in Dogecoin futures. Head-And-Shoulders Formation Signals Break To Key Price Zone According to an interesting technical analysis of the Dogecoin's price chart, the meme coin is forming a classic inverse head and shoulders pattern on the daily timeframe. This pattern is composed of a well-defined left shoulder in early March, a deep head formed by early April lows, and a developing right shoulder that appears to be stabilizing towards the neckline as of early May. As shown on the chart below, the neckline of this inverse head and shoulders formation lies just above the $0.17 zone, particularly at the $0.1735 level. A successful break above this level could unlock millions in liquidations and would not only confirm the pattern but also clear the way for a larger breakout. Source: Chart from Tradingview The chart also shows the potential of an AB=CD harmonic pattern that aligns with Fibonacci extension levels projected from the $0.131 low on April 6. The measured move is a CD playout that will see Dogecoin rise toward the 0.618 to 0.786 retracement levels, corresponding to price targets in the $0.22 to $0.23 range. If this pattern plays out in sync with the head and shoulders structure, it would imply a 35% rally from the current price level. Read More All about Optimism's upcoming token unlock worth over $88M $1.65 Billion Open Interest Heightens The Stakes For A Dogecoin Rally What makes this scenario especially high-stakes is the massive amount of open interest in Dogecoin's derivatives market. The $1.65 billion currently sitting in open positions suggests that even a modest price move can have a domino effect and a short squeeze. If the Dogecoin price pushes above $0.1735, it could trigger over $14 million in short liquidations, representing about 1% of the $1.65 billion open interest currently held in Dogecoin futures. It would also activate the neckline of the inverse head and shoulders, putting a much larger bullish structure in motion. Once the $0.18 resistance gives way, bulls could aim for the 0.618 Fibonacci level near $0.215 and ultimately the 0.786 level around $0.23. At this point, Dogecoin might face the next consolidation zone before bulls can target more upside to $0.35 and beyond. At the time of writing, DOGE is trading at $0.1716, and the price point to watch is $0.1735. DOGE trading at $0.173 on the 1D chart | Source: DOGEUSDT on Featured image from Getty Images, chart from
Business Mayor
10-05-2025
- Business
- Business Mayor
When Is A Good Time To Enter Dogecoin? Analyst Says Wait For This To Happen
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dogecoin is again rallying to the upside, sparking bullish sentiments towards the leading meme coin. With bulls looking to take advantage of this rally, crypto analyst Kiu has provided insights into what market participants should look out for before jumping on the DOGE rally . What To Look Out For As Dogecoin Rallies To The Upside In a TradingView post , Kiu told market participants to look for a clear breakout and at least two 4-hour candles closing above the resistance line around $0.19460. He remarked that if the Dogecoin price then retests that line as new support, it is a good spot to enter a long position. The analyst advised that a stop loss be put around the current low at $0.12500. Kiu outlined this plan while also commenting on Dogecoin's current price action. He noted that the price is currently breaking above the descending channel , which forms the falling wedge resistance line. The analyst claimed this was a bullish signal but told market participants to pay close attention to the next key resistance area, around $0.19460. This area aligns with the previous high and the red resistance zone. Source: Kiu on Tradingview Meanwhile, the crypto analyst stated that the top of the wedge is the target for this projected rally since it also aligns with a heavy resistance zone. His accompanying chart showed that $0.45143 is the target, a price level that also represents a local high for Dogecoin . DOGE rallied to that level in December last year following its bull run, which began around October. Read More Monero [XMR]: Bears should be cautious about the $157.1 support Crypto analyst Kevin Capital also alluded to an analysis in which he predicted Dogecoin would enjoy a significant rally to the upside once Bitcoin's dominance found a macro top. Based on his accompanying chart, DOGE could at least rally to the much-anticipated $1 price level. DOGE's Short-Term Target Is $0.29 Crypto analyst Trader Tardigrade predicted that Dogecoin could rally to as high as $0.29 in the short term. He revealed that DOGE is breaking out of a diamond pattern on the daily chart, with $0.29 being the target for this breakout. His accompanying chart showed that the rally to this target could happen before the month ends. In another post, Trader Tardigrade indicated that Dogecoin will likely sustain this bullish momentum. He revealed that an RSI breakout is visible on the daily chart, which consistently occurs during every 29-day period during which DOGE witnesses a pump. In line with this, the analyst affirmed that the meme coin's uptrend is 'programmed.' Dogeoin is already eyeing a breakout above the psychological $0.2 level, which could pave the way for a rally to new highs. At the time of writing, the Dogecoin price is trading at around $0.19, up over 8% in the last 24 hours, according to data from CoinMarketCap. DOGE trading at $0.20 on the 1D chart | Source: DOGEUSDT on Featured image from Getty Images, chart from
Business Mayor
04-05-2025
- Business
- Business Mayor
Analyst Says 'XRP Is Back', Here's Why
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The XRP price is showing signs of a strong comeback , according to a new technical analysis by TradingView crypto analyst 'The Signalyst.' The cryptocurrency is trading within a rising channel and quickly approaching a key support zone—a setup that indicates that bulls may be preparing for a higher leg up . XRP Price Gets Back In Action In a recent TradingView analysis, The Signalyst declared that 'XRP is back,' enthusiastically discussing the cryptocurrency's next bullish move based on its current price action. The analyst disclosed that XRP's future outlook is largely bullish, suggesting the potential for a strong upward trend. He revealed that the altcoin has been steadily climbing within a well-defined Ascending Channel , showcasing a medium-term bullish trend. The XRP chart , highlighted by the TradingView crypto expert, illustrates consistently higher highs and higher lows—a classic hallmark of positive price action. What's particularly compelling about XRP's current price action is its interaction with a key demand zone, highlighted in green on the chart. This area has historically acted as a strong support and resistance level, showing multiple rejections and consolidations in the past. Source: The Signalyst on Tradingview The analyst also emphasized the blue-circled area on the price chart where the green horizontal support zone intersects with the lower boundary of the rising channel. This confluence of horizontal and diagonal support levels greatly strengthens the likelihood of a bullish trend. Additionally, the TradingView expert has highlighted this area as a key zone for spotting strong buy setups . While The Signalyst remains largely bullish on XRP , he has stated that he will be closely monitoring its price action as it approaches the blue circle zone. During this time, he will be on the lookout for bullish reversal setups such as a double bottom pattern, trendline break, and other key signals to confirm the next move. Read More Assessing the factors behind Polygon's rebound The Altcoin Set For Explosive Rally Before A Crash In other news, XRP is flashing technical signals not seen since its historic rally in 2017 . According to a chart analysis released by JD, a crypto analyst on X (formerly Twitter), it may be on the verge of a major breakout, with the potential for an explosive upside and a sharp correction to follow. The analyst had pointed to the Stochastic Relative Strength Index (SRSI) indicator, which had crossed the 80 level — a momentum signal last seen in 2017 before the asset surged 20X within three months. JD has marked this signal as a 'Cross Confirmed' moment, warning that the market may be entering a highly volatile phase. Back in 2017, this exact crossover led to XRP skyrocketing to over $3 before experiencing a 90% price crash shortly afterward. Although JD has confirmed that the altcoin won't see a 20X rally as seen in the past due to its higher market cap, he still expects a powerful surge followed by a 70% price crash to new lows. XRP trading at $2.20 on the 1D chart | Source: XRPUSDT on Featured image from Adobe Stock, chart from
Business Mayor
03-05-2025
- Business
- Business Mayor
XRP Price Is Eyeing Another Breakout To $4: Analyst Says Watch This 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. XRP's price movement has been highlighted by a rejection at $2.35, f ollowed by a bounce at $2.15. This initial rejection follows a brief rally in the last week of April, which, interestingly, saw it break above a downward-sloping resistance trendline that has defined its structure since early January 2025. However, the rejection has since been followed by a retest of this trendline, but this pullback is seen as a setup for a potential breakout to levels above $4 rather than an outright rejection. Trendline Breakout In Focus With Swing Failure Pattern According to a technical analysis on the TradingView platform, XRP/USDT is now pressing against the zone of a significant descending trendline on the daily candlestick timeframe chart. This trendline, which has guided the broader bearish structure since January 2025, was previously responsible for notable price rejections in February and March. However, the most recent interaction with this trendline appears different, and XRP may be shifting from a pattern of lower highs to a breakout and retest formation. Related Reading The notable development here is the sequence leading to the breakout attempt. XRP first surged upward in late April and moved above the trendline. But instead of collapsing back into the previous range, the price briefly retraced and formed a higher low, which is an important structural change in the bullish version of a swing failure pattern (SFP). Read More XRP Price Steadies Above Support: Preparing for the Next Move? Source: Chart from Tradingview In this case, the failed low formed after the breakout hints at a reversal of the prior downtrend, and this reversal was validated when XRP closed on April 30 . As shown in the chart below, this swing failure pattern has now flipped bullish with volume rising, an early sign of a rebound and rally. Adding to this outlook, the trendline has been touched multiple times over the past five months, making a confirmed close above it very important. The white arrow drawn on the chart indicates the anticipated direction of the XRP price if the bounce is sustained. $3.00 Resistance Is Important For Next Price Explosion A bullish daily close above this trendline would break the bearish structure that has defined XRP's price since the start of the year. If successful, this would open the XRP price to an eventual run above $4 if everything goes right. Related Reading However, according to the analyst, the most immediate level to watch is the $3.00 resistance . A daily close above this round psychological level, combined with a volume spike, could open the way for XRP to surge toward the next key zones. These zones include $3.31, which coincides with the high on January 16, which is the next clear liquidity level. The next zone would be around its current all-time high. Beyond that, $4.6209 is the next longer-term breakout target. At the time of writing, XRP is trading at $2.20. XRP trading at $2.21 on the 1D chart | Source: XRPUSDT on Featured image from Adobe Stock, chart from
