Search results for symmetric triangle
Crypto
XRP rebound falters, with next support at $1.21
XRP has come under stronger short-term downside pressure after breaking below the lower support line of a symmetric triangle pattern. Market analyst Cryptorphic cited $1.21 as the next key support level. XRP failed to clear resistance after rising to $1.54 and then retreated, falling 3.43 percent on May 15 and sliding to around $1.34 by May 20. It is now trading near $1.38.
Crypto
XRP\'s 126 percent surge pattern may return, analysts divided
A new analysis says reversal signals seen ahead of a previous sharp XRP rally have reappeared. Binance XRP futures funding rates have stayed biased to bearishness for about 3 months, even as XRP has risen 27 percent over the same period. On-chain analyst Darkfost said such consensus after a correction can raise the odds of a reversal, citing a past move that preceded a 126 percent rise. Others noted XRP has lagged large-cap peers and remains in a symmetric triangle.
Crypto
Binance buying pushes Bitcoin closer to $90,000 after ceasefire announcement
Bitcoin briefly regained $72,000 after rising 7 percent, with analysts pointing to improving macro conditions and fresh buying. Technical readings suggest an upside break from a symmetric triangle after clearing a trend line near $70,000, with resistance seen at $76,000 and $80,000 and a pattern target of $90,000. Binance taker buy volume jumped $2.7 billion within two hours of a U.S.-Iran ceasefire agreement announcement, while Coinbase premium turned positive.