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Crypto

XRP breaks May downtrend line, fuels hopes of rebound to $1.32

XRP has formed an inverse head-and-shoulders pattern on the daily chart, supporting expectations of a rise to $1.32, an analysis said. The pattern remains valid as long as XRP holds above $1.09. The token also broke a downtrend line that had capped rebounds since May. Analysts cited whale-led exchange outflows and stronger futures positioning as bullish signals, while warning that a break below $1.09 could weaken the scenario.

Crypto

XRP whale activity cools, possible retest of $0.90 to $0.94 emerges

Whale transactions worth more than $1 million on the XRP Ledger fell 97 percent in a week, dropping from about 70 to 2, data shared by analyst Ali Martinez showed. The decline coincided with XRP’s price weakening, down more than 6 percent over the past week, while its monthly gain narrowed to about 3.5 percent. A key resistance zone was cited around $1.11, with a demand area at $0.90 to $0.94.

Crypto

Ethereum shows clear signs of short-term rebound; is there hope for Bitcoin and XRP too

Ethereum has broken above a downtrend line that had held for months, signalling a technical rebound, an analysis said. Bitcoin has recovered toward $63,000 to $64,000 and is trading just below a key resistance level. XRP remains below major moving averages but has held support around $1 since a sharp June drop. The outlet said trend reversals still require clear resistance breaks and rising volume.