? LSE:CRV is showing a very clean and well-formed consolidation within a "Bull Flag" pattern. Unlike other altcoins, its December drop wasn’t as significant, which indicates that investors are not in a rush to sell their bags, and there are still new buyers even at these levels. I have it in my portfolio, and it will be interesting to watch how it performs in the next round. ?
entry: Current Market Price take profit: 83.67 stop loss: 76.55 PSN is showing strong bullish momentum, suggesting a potential move toward the next resistance level at 83.67. A continuation of this trend is expected. LONG ? ✅ Like and subscribe to never miss a new analysis! ✅
We are seeing a potential to grow here for 14% once buyers secure a few zones here, waiting for BoS! More in-depth info is in the video—enjoy! Swallow Team
The cryptocurrency market is abuzz with the latest news that Grayscale, one of the largest digital asset management firms, has filed for a Spot XRP ETF with the NYSE. This development comes at a pivotal moment for XRP, as the Ripple team appears to be nearing a resolution in its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). The combination of these factors has sparked renewed interest in XRP, with whales accumulating the asset and technical indicators hinting at a potential bullish breakout. Let’s dive into the fundamental and technical aspects of this story to understand what it means for XRP and the broader crypto market. Why Grayscale’s Spot XRP ETF Matters Grayscale’s decision to file for a Spot XRP ETF is a significant endorsement of XRP’s potential. ETFs (Exchange-Traded Funds) are widely regarded as a bridge between traditional finance and the crypto market, offering institutional and retail investors a regulated and accessible way to gain exposure to digital assets. A Spot XRP ETF would allow investors to buy shares that directly reflect the price of XRP, without needing to hold the asset themselves. This could lead to increased liquidity, broader adoption, and a surge in demand for XRP. The filing also signals growing institutional confidence in XRP, particularly as Ripple’s legal battle with the SEC appears to be nearing a conclusion. A favorable outcome for Ripple could remove a major regulatory overhang, paving the way for XRP to reclaim its position as one of the top cryptocurrencies by market capitalization. Whale Activity: A Bullish Signal On-chain data reveals that whale activity for XRP has hit record highs, with the number of wallets holding between 1 million and 10 million XRP reaching an all-time high of 2,083. This accumulation trend suggests that large investors view XRP as undervalued and are positioning themselves for a potential price surge. Historically, such whale activity has often preceded significant bullish rallies, as it indicates strong confidence in the asset’s future prospects. Technical Analysis As of the time of writing, XRP is up 1.96%, trading in a moderate zone. The candlestick chart shows a Doji and a Spinning Top, which typically indicate market indecision. However, the Relative Strength Index (RSI) stands at 62, placing CRYPTOCAP:XRP on the cusp of a bullish run. This suggests that despite the current indecision, the asset has the potential to break out if buying momentum increases. Key support levels to watch include the 38.2% Fibonacci retracement level, which could serve as a strong entry zone for traders. On the upside, breaking past the $3.40 resistance level could ignite a rally toward $4 and beyond, with some analysts even predicting a long-term target of $20. Market Sentiment The broader crypto market remains volatile, but the increased interest from whales in both XRP and Cardano (ADA) suggests that these assets could be poised for significant movements in the near term. If XRP can maintain its bullish momentum and hold above key support levels, it could attract even more retail and institutional interest. What’s Next for XRP? The combination of Grayscale’s ETF filing, record-high whale activity, and the XRP Ledger’s fundamental strengths creates a compelling case for XRP’s future growth. While the market remains volatile and regulatory uncertainties persist, the potential for a bullish breakout is undeniable. Investors should keep a close eye on the following factors: Regulatory Developments: A favorable resolution to Ripple’s legal battle with the SEC could remove a major obstacle and boost confidence in XRP. ETF Approval: If Grayscale’s Spot XRP ETF is approved, it could open the floodgates for institutional investment. Technical Indicators: Watch for a break above key resistance levels, such as $3.40, which could signal the start of a sustained rally. Conclusion Grayscale’s Spot XRP ETF filing marks a potential turning point for XRP, as it combines strong fundamentals, technical indicators, and growing institutional interest. While the crypto market remains unpredictable, the stars appear to be aligning for XRP to make a significant move. Whether you’re a long-term investor or a short-term trader, now is the time to pay close attention to XRP’s developments. The next few weeks could be pivotal in determining whether XRP reclaims its status as a top-tier cryptocurrency. Stay tuned to The Bit Journal for the latest updates and insights on XRP and the broader crypto market. The future of CRYPTOCAP:XRP looks brighter than ever—don’t miss out on what could be the next big opportunity in crypto.
✅ USD/CAD is currently trading around the 1.4410 pivot level, with a strong bearish bias. The price is likely to move lower toward 1.43680, which serves as a strong support level. SHORT ? ✅ Like and subscribe to never miss a new analysis! ✅
AUD/JPY is sitting at a crucial level right now. We're seeing a descending triangle pattern forming, with price getting squeezed between lower highs and key support around the 200 EMA (94.64). A breakdown below this level could trigger a sharp drop, with targets around 90 and possibly 85-87 in the coming weeks. The bearish momentum is building, and today's red candle isn't looking too promising for bulls. On the flip side, if buyers step in and push it back above 97.50, we might see a recovery towards the 100 level. But for now, the bias leans bearish unless we get a strong reversal signal. Keep an eye on that 94 level – a breakdown could mean more downside ahead. ?
Tl H4 Bo . Price Looking For Daily Qm. Price Rebound Fm Weekly Support.
CRYPTOCAP:ETH gets ready to break out of the Falling Wedge & Triangle at the same time, as these two patterns share a trendline. I see many people have been entering longs all day long. And altcoins. I'd rather wait. Buying right into resistance—that is not my style, to put it simply. Momentum is looking pretty decent after establishing what looks like a Triple Bottom, but RSI is still below 50. I need to see it print a Higher High first because CRYPTOCAP:ETH 's Market Structure is still bearish—lower Highs & Lows. Volumes have been unimpressive on the Daily too, and despite a slight increase today, I definitely need to see more to have any sort of confidence. But the main test is the falling trendline, which Ether has been trying to break all day. So far, unable to. Other factors playing main roles are: 1. The DXY (still stuck between support and resistance after filling its weekend gap below and finding support at a Fair Value Gap). 2. Nvidia still bleeding, causing fear across markets. 3. Ether vs. CRYPTOCAP:BTC chart, constantly bearish on the Daily, Weekly, etc. Shorter timeframes are showing a Double Bottom at exactly 0.030, and this could be the starting point of a reversal—necessary for all altcoins to do well. To sum up, the main level to watch and set alerts for me is the trendline of Daily patterns. Until that's broken, there is no way I'm opening any longs on altcoins. But I'm not trying to convince anybody—just collecting my thoughts here. Good luck. I know from the comments that some of you guys have been aping in. I wish you luck, as you will need it badly now. ??
#SOL/USDT Breakout Alert ? CRYPTOCAP:SOL just broke the 2H Diagonal Trendline! Now watching for a retest to long. ? ? **Resistance:** PWH $273 ? ? **Support:** PWL $229.39 ?️ Are you riding this move? ??
We're getting close to the point where Shiba will have to decide which direction to take. I believe it's ready to make an upward move.