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Crypto

XRP breaks $1.56 resistance; conditions for a rise to $2

XRP broke above the $1.56 resistance level and rose to around $1.58, reaching a technical turning point. A chart highlighted $1.60 as the next resistance and as the neckline of a large inverse head-and-shoulders pattern. The pattern points to a technical target of $2.00 if XRP settles above the neckline and confirms a breakout. The scenario envisions a pause in the $1.60 to $1.65 range before extending higher.

Crypto

XRP $2 rise scenario gains traction, break above $1.55 key

XRP is forming a bullish reversal pattern on its daily chart, with a break above $1.55 emerging as a key near-term turning point. Cryptocurrency analyst Ali Martinez says XRP appears to be building an inverse head-and-shoulders pattern, which could open room for gains toward around $2 if confirmed. Another analyst, Chartnerd, highlights $1.33 to $1.36 as a level XRP needs to reclaim to avoid turning it into resistance.

Crypto

Veteran trader Peter Brandt reverses bearish view on bitcoin, enters long position

Veteran trader Peter Brandt has taken a long position in bitcoin, reversing his earlier bearish view. He cited the completion of a rare inverted head-and-shoulders pattern and a break above key resistance as reasons to turn bullish. Bitcoin moved above the $64,000 resistance area and rose into the $73,000 range. Market reaction was mixed, with Brandt stressing risk management based on the law of large numbers.