Search results for symmetric triangle pattern
Crypto
XRP retests upper trendline as market eyes $1.50 to $1.60 zone
XRP has moved close to the upper resistance line of a descending channel that has constrained its price for the past 12 months. It is trading around $1.06, leaving little gap to the channel top. The key level is near $1.10, where a daily close above the trendline could signal a technical breakout. If confirmed, the next resistance is seen at $1.50 to $1.60, followed by $2.00.
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.