XRP Flashes Descending Trendline, Why A Surge To $4 Is Still In The Cards
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The XRP price is showing signs of a potential breakout, with a crypto analyst pointing to key technical indicators that suggest a potential surge to $4. Notably, the cryptocurrency has been trading within a descending trendline, but a decisive move above this resistance could ignite a long-awaited rally to a new all-time high. XRP Price Eyes Breakout To $4 According to pseudonymous TradingView crypto analyst ONE1iMPACT, the XRP price has been making lower highs, forming a descending trendline on the 8-hour chart. The analyst’s chart analysis highlights key technical indicators based on price action that suggest that the XRP price may be gearing up for a possible rally to $4. Related Reading XRP’s projected surge to a $4 ATH is dependent on how it reacts to the descending trendline, which acts as a critical resistance area. With this in mind, a breakout and close above this trendline with higher-than-average volume signals bullish momentum for the XRP price. Interestingly, the analyst disclosed that the market is currently hovering near or just below a key Moving Average (MA), indicated by the blue line in the chart. If XRP’s price can reclaim and hold above this MA, it would reinforce its bullish position and solidify the analyst’s optimistic price target. On the flip side, if it remains below this MA, the TradingView expert believes that it would put a barrier to its upside potential. Source: ONE1iMPACT on Tradingview Moving forward, the analyst has shared key technical areas that could determine XRP’s next price movements. He revealed that if the cryptocurrency breaks above the descending trendline, the next major resistance area is the horizontal level around $3.40. Furthermore, a confirmed breakout could send its price toward $3.9 – $4.00, aligning with the target shown by the grey arrow in the chart. The TradingView crypto expert warned investors and traders to pay attention to the volume and momentum of XRP as it aims for a descending trendline breakout. He explained that a low volume push above the trendline is a clear indication of a possible fakeout, where traders could be lured into entering long positions, only for the price to trace quickly. On the other hand, a high volume surge confirms the conviction of XRP’s bullish potential, leading to a sustained upward momentum and increasing prices. The analyst also added that oscillators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) could help traders gauge whether XRP’s momentum is building or fading as its price approaches the descending trendline resistance. Possible Downside Target If Resistance Fails In his analysis, ‘ONE1iMPACT’ also shared a bearish outlook for the XRP price if it fails to break and close above the descending trendline resistance. The TradingView analyst revealed that a rejection at this trendline could trigger further consolidation and decline for XRP. Related Reading He has shared several important support levels that could help prevent an even deeper correction in the XRP price. The $2.0 and $2.1 region, marked by the pink and gray box on the chart, acts as a strong support area for XRP, where buyers have stepped in before. If the XRP price loses this zone, the analyst predicts a major breakdown toward $1.8 – $1.77. Another decline below this price low could result in a much larger correction. XRP trading at $2.4 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
Polkadot (DOT) Price Stability Fuels Hopes For Short-Term Recovery
Polkadot (DOT) has been quietly building a strong foundation, with its price stabilizing after a period of volatility. This consolidation phase often serves as a launching pad for a potential upward move as buyers step in. Traders are now eyeing key resistance levels, which, if broken, could trigger a short-term rally. As the crypto market shows signs of recovery, DOT’s technical setup and fundamentals suggest that a bullish breakout might be on the horizon. Could this be the start of a fresh rally for Polkadot? Market Sentiment Improves As Polkadot Holds Steady DOT is exhibiting resilience as it continues to hold firm above the $3.5 support zone, signaling a potential shift in market sentiment. This stability is a positive sign, suggesting that selling pressure is subsiding, allowing bullish momentum to build gradually. The market’s confidence in Polkadot appears to be improving, as reflected by steady buying interest and a noticeable slowdown in bearish activity. Moreover, DOT’s resilience amid broader market shifts highlights its ability to attract demand at current levels. If market sentiment continues to improve, an upward push could be imminent. However, a decisive move above key resistance levels is needed to confirm a sustained recovery and prevent prolonged consolidation or a possible retracement. A key bullish signal emerges from the MACD indicator, which is gradually rising toward the average, hinting at a potential shift in momentum. This upward movement suggests that bearish pressure is fading, allowing buyers to regain control and build confidence in a possible trend reversal. As the MACD line approaches the average, buying interest has risen, which could translate into a stronger push toward higher price levels. If this trend continues, it may serve as an early indication of a breakout attempt. Short-Term Rally Or Fakeout? Key Levels To Monitor Polkadot’s price stability has sparked hopes for a short-term rally, but traders remain cautious about the possibility of a fakeout. Key resistance and support levels will be crucial in determining the next move. A breakout above the $4.8 resistance level could serve as a strong confirmation of upside momentum, signaling increased buyer interest. Should this level be successfully breached, DOT may gain the necessary traction to push higher, targeting the resistance zones at $6.2 and $7.7. However, failure to sustain upward movement may indicate a lack of strong buying pressure, leading to a retracement toward $3.5. Monitoring price action around critical levels, volume, and technical indicators will be essential in assessing whether Polkadot is gearing up for a true breakout or merely experiencing a temporary uptick.
XRP Bulls Struggle To Break Key Resistance At $2.2546: What’s Next?
XRP bulls are making a strong push, but the $2.2546 resistance level is proving to be a tough barrier. After a steady upward climb, buying momentum has weakened as sellers step in to defend this key level. A successful breakout could signal a continuation of the uptrend, driving XRP toward new highs and reinforcing positive sentiment in the market. However, if buyers fail to overcome this hurdle, XRP may face a pullback, with traders eyeing lower support levels for stability. Market participants are closely monitoring whether the bullish momentum is strong enough to push past the resistance or if selling pressure will force a temporary retreat. Market Sentiment And XRP’s Resistance Struggle Market sentiment remains a key factor in XRP’s ongoing battle against the $2.2546 resistance level. While bulls try to drive the price higher, the lack of strong follow-through suggests lingering uncertainty among traders. The resistance level has become a critical test, with buyers needing to sustain momentum to confirm a breakout. Broader market conditions, including Bitcoin’s movement and overall investor confidence, are influencing XRP’s price action. A surge in trading volume and renewed buying pressure could provide the necessary strength for a breakout. However, if sellers continue to defend this level, XRP may struggle to gain further ground, leading to potential profit-taking and a short-term pullback. Furthermore, after crossing above the 50% mark, the RSI is now dipping below it, creating uncertainty among traders. This shift reflects a tug-of-war between buyers and sellers, leaving XRP in a state of market indecision. Without a clear directional push, price movement could remain volatile as traders await stronger signals for the next move. For the bulls to regain control, market sentiment must shift decisively in their favor, with technical indicators aligning to support an upward push. Until then, XRP remains at a crossroads, with both breakout and rejection scenarios still in play. Breakout Potential: What Needs To Happen? For XRP to break above the $2.2546 resistance level, bulls must generate strong momentum backed by increasing buying pressure. A sustained push beyond this critical level, confirmed by a decisive daily close, might set the stage for further gains. Its ability to stabilize above $2.2546 may attract more traders looking to ride the breakout, potentially driving the price toward higher targets such as $2.6482 and $2.9272. Also, XRP’s price must break above the 100-day SMA, and the RSI needs to rise above the 60% threshold. Breaking above these levels could pave the way for more growth, while failure to do so may leave XRP vulnerable to consolidation or a pullback.