Search results for cup pattern
Crypto
Peter Brandt says XRP must break $1.6572 to confirm pattern
XRP is forming a bullish cup-and-handle pattern on its daily chart, with confirmation hinging on a clear break and close above $1.6572, veteran trader Peter Brandt said. XRP rose to the mid-$1.60s in August before falling to $1.25 to $1.30 in mid-September, then rebounded to $1.6572 on Sept. 23. If the handle near $1.45 fails, the setup could weaken. ADX stands at 43.80.
Crypto
Ethereum June price outlook shaken by spot ETF outflows
Ethereum is set to end May down 12.6 percent, with attention turning to its June outlook. A blockchain outlet reported $401.62 million in net outflows from U.S. spot Ethereum ETFs, weighing on sentiment. Historically, June has been weak for Ethereum since 2016. On-chain data show whales and long-term holders increasing positions despite the price drop. Technical indicators suggest downside bias remains, with key resistance and support levels highlighted.
Crypto
Cardano down 75 percent, but analyst says $4 possible in next bull market
Cardano has given back most of its earlier gains after a sharp drop, but some analysts say its long-term weekly chart still leans bullish. One analyst said investors are missing an opportunity by focusing on short-term volatility. The analysis points to a bullish cup pattern and a multi-year trading range that has held since 2022. Price targets cited include $1.01 and, in the next bull market, about $4, provided support near $0.235 holds.
