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Crypto

XRP 27-dollar scenario hinges on clearing $1.66 then reclaiming $2

XRP has entered a zone where major technical signals overlap, raising the possibility of a move toward the $27 range over the medium to long term, an analysis showed. The scenario requires XRP to break above $1.66, the upper boundary of a falling wedge, and then reclaim $2. Analysts also cited Fibonacci-based targets of $8.48, $13.70, $18.06 and $27.68, while warning a failed breakout could reopen downside levels at $1.21, $0.90 and $0.60.

Crypto

Anthony Pompliano says bitcoin downside limited; has it formed a bottom?

Bitcoin may be nearing the bottom of the current bear market, U.S. investor Anthony Pompliano (앤서니 폼플리아노) said, citing a more limited decline than in past downturns. He said bitcoin has fallen about 50 percent from its record high of $126,198, compared with drops of more than 80 percent in prior bear markets. Analysts also pointed to on-chain indicators and long-term holder selling pressure as factors to watch.

Crypto

XRP nears eight-year support zone, will $13 target hold

XRP is moving back toward a key buying zone that has supported its downside for the past eight years, an analysis said. Analyst Ali Martinez sees the token retesting an uptrend support line in place since May 2017, with a core support range of $0.70 to $0.90. A chart resistance level at $3.32 is the next hurdle, he said. If XRP breaks above it, targets of $8.37 and $13.57 were cited.