XRP Price Continuation After Crash Below $2.4? New Targets Emerge

XRPs recent price movements have followed a pattern that crypto analyst Javon Marks believes signals the potential for a strong continuation rally. Sharing his analysis on the social media platform X, Marks pointed to a “hidden bullish divergence” on XRPs daily candlestick chart. Despite the ongoing price crash, the presence of this bullish divergence opens up new bullish targets for the XRP price. XRPs Price Crash Worsens, But Hidden Bullish Divergence Suggests Next Move XRP’s price action has faced consistent downward pressure over the past week, with the decline intensifying in the past 24 hours. At the time of writing, XRP has dropped by approximately 13% in the past 24 hours and is on the verge of retesting a crucial support level at $2. Related Reading: XRP Price Breaks Out Of Symmetrical Triangle Pattern, Why The Target Is $8 However, an interesting analysis shows that this decline is part of a hidden bull divergence pattern, where both the price and the RSI indicators are creating a series of highs and lows on the 1-day candlestick timeframe. This interesting pattern is characterized by higher lows and higher highs on the XRP price chart, while there’s a series of lower lows and lower highs on the RSI indicator. This divergent formation between the cryptocurrency’s price and the RSI is known to be bullish. Particularly, it suggests the selling pressure shown by the RSI could be slowing down. Javon Marks emphasized that XRP is preparing for a massive continuation wave up and that the necessary technical confirmations for such a move are already in place. This assertion builds upon his earlier February 18 analysis, where he described the hidden bullish divergence as forming in a textbook fashion. Crash To Reverse Soon? Price Targets To Watch According to Javon Mark’s projection, an upside move would see the XRP price eventually creating a higher high, as expected from the bullish divergence pattern. In terms of a specific price target, Marks projection shows that the next peak could reach at least $3.80. If realized, this would push XRP beyond its current all-time high of $3.40.  Related Reading: XRP Price Rallies To ATH At $3.4, Heres Whats Driving It And Why The Pump Will Continue However, this outlook hinges on the XRP price holding above the bullish divergence support at $2. Any sustained breakdown below this threshold could challenge the strength of the projected rally and alter the bullish outlook. Adding to this perspective, Marks also noted the similarity between XRP’s consolidation in the past few weeks since it reached $3.36 and that of a consolidation after a strong rally in the first half of 2017 after a strong rally.  Although the current consolidation phase has lasted longer than the one observed back then, both formations share key structural similarities. The 2017 consolidation ultimately led to a continuation rally that pushed the XRP price to new highs. If history repeats itself, the present consolidation could also be a precursor to another significant leg up. At the time of writing, XRP is trading at $2.15, down by 13.2% and 15.9% in the past 24 hours and seven days, respectively, and is now in danger of losing the $2.0 support soon. Featured image from Adobe Stock, chart from Tradingview.com

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BNB Uptrend Gears Up: 10% Jump Brings $724 Resistance Into Play

BNB is riding a strong bullish wave, surging over 10% as bullish momentum continues to build. This impressive rally has brought the price closer to the critical $724 resistance level, a key barrier that could dictate its next major move. Over the past few days, BNB has displayed strong buying pressure, signaling renewed investor confidence. The surge comes amid broader market optimism, with bulls aiming to capitalize on the move. However, the $724 mark has historically been a tough zone, where sellers have previously stepped in to trigger corrections.  With market sentiment shifting in favor of altcoins, BNB’s performance is being closely watched. Will it conquer $724, or will resistance prove too strong? The coming days will be crucial in determining BNB’s next chapter. Technical Analysis: Can BNB Break Through $724? BNBs recent 10% surge has brought it closer to the critical and challenging $724 resistance level, and breaking through it would require substantial buying pressure. The cryptocurrency’s price is currently trading above the 100-day Simple Moving Average (SMA), indicating that bullish momentum remains intact. This technical indicator is often used to gauge the overall market trend, and trading above it suggests that buyers are in control and the uptrend could continue. Related Reading: BNB Bounce From $500: A Temporary Recovery Or Start Of A Rally? A sustained position above the 100-day SMA typically acts as a strong support level, preventing deeper pullbacks and reinforcing market confidence. If buying pressure remains steady, the price may continue its upward trajectory to key resistance levels. However, the MACD indicator shows overbought conditions, signaling that the asset may be approaching a potential reversal or consolidation phase. When the MACD line moves significantly above the signal line and the histogram expands, it often suggests that upside pressure is losing steam, and a price correction could be on the horizon. An overbought MACD reading does not necessarily mean an immediate downturn, but it does indicate that buyers may be exhausted and that profit-taking may increase. If the indicator starts to show a bearish crossoverwhere the MACD line crosses below the signal lineit would confirm a weakening trend, leading to a price retracement toward key support levels. Market Outlook: Whats Next For The Price? The market outlook remains cautiously bullish, with technical indicators showing strong momentum. BNB is trading above key moving averages, reinforcing the uptrend, while trading volume remains high, signaling sustained investor interest. However, challenges remain, particularly with the MACD flashing overbought signals, causing the rally to lose steam. Related Reading: BNB Steadies Above Support: Will Bullish Momentum Return? Should BNB break and hold above $724, it might trigger a fresh wave of buying, pushing the price toward $795 and beyond. On the other hand, a rejection at this level is likely to spark a short-term pullback, with $680 and $605 acting as key support zones. Featured image from Adobe Stock, chart from Tradingview.com

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PEPE Price Enters Oversold Levels On Daily Timeframe, Heres What Happened The Last Two Times

The recent downturn that has swept across the entire crypto market has pushed meme coin PEPE into oversold territory, according to the Relative Strength Index indicator. Notably, this is only the third time PEPE has reached the oversold levels in its history, particularly on the daily candlestick timeframe.  Historical data shows that in the previous two instances, PEPE’s price movement followed a specific pattern, leading to a strong recovery after a period of consolidation. As such, the recent PEPE price crash might be the first step before an incoming bull price action. PEPE Oversold Condition Is A Rare Market Event: What Happened The Last Two Times? PEPE hasn’t had much history to go by, as it is one of the youngest meme coins with a large market cap. However, over the past year and a half since its launch, PEPE has rarely dipped into oversold territory on the Relative Strength Index (RSI). This makes its current oversold status a significant event in technical analysis, as it has only happened twice before. An oversold condition is when the selling pressure on a crypto becomes too much in a short period, which causes the RSI indicator to fall below 30. Related Reading: PEPEs 64% Drawdown Theory: Analyst Reveals The Level To Hold Amid Massive Price Crash In both previous instances where PEPE became oversold, the price entered a consolidation phase lasting approximately one month before rebounding with a strong uptrend. This pattern is evident in a PEPE daily candlestick chart shared on social media platform X by crypto analyst Obi (@obi_eths), which illustrated the meme coins historical response to oversold conditions. As shown by the chart below, the first time the meme coin became oversold was in September 2023, four months after its launch. Notably, the oversold condition was followed by 31 days of consolidation before PEPE eventually shot up to new all-time highs in the weeks after.  A similar trend occurred in August 2024, when PEPE entered into an oversold condition for the second time. This was followed by another 31 days of consolidation up until September 6, when another uptrend began. Accumulation Phase? What To Expect Next With PEPE now entering another oversold condition, historical patterns suggest that the meme coin could remain in a consolidation phase for at least the next month. If past trends repeat, this period could serve as an accumulation window for investors who are willing to exercise patience and position themselves ahead of a potential rally. Related Reading: Dogecoin Vs. PEPE: Analyst Reveals Which Coin You Should Hold This Bull Cycle The timeline for this anticipated surge should begin on March 10, which is exactly 31 days after PEPE entered the recent oversold condition. From here, the meme coin could attempt to mirror its past rebounds by staging an extended move that could push its price beyond its current all-time high of $0.00002803, which was recorded on December 9, 2024.  At the time of writing, PEPE is trading at $0.000009544, 65.8% below this all-time high. Featured image from Shutterstock, chart from Tradingview.com

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XRP Forms Bullish Flag Pattern: Whats Next For The Altcoin?

XRP is capturing attention across the crypto market as it forms a bullish flag pattern, a classic technical setup often signaling potential upside. This development comes after a strong price surge, followed by a period of consolidation that mirrors the shape of a flag. Such patterns are typically interpreted as continuation signals, hinting that the [...]

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Altcoin Season Alert: Analyst Says December Surge Was The Preview, Dont Miss The Movie

The crypto market is gearing up for an explosive altcoin season, which could see major cryptocurrencies skyrocket to new highs. After experiencing a surge in December, altcoins entered a correction, leaving their next move uncertain. However, Captain Faibik suggests that the recent pullback was merely a trailer for the main event, with February potentially marking the start of the next rally.  Bull Pennant Signals Altcoin Season Boom In a recent X (formerly Twitter) post, Captain Faibik suggested that the altcoin season may be well on its way, as market indicators like a recently formed Bull Pennant show positive signals that support this prediction. The analyst revealed that in early December 2024, the crypto market had experienced a significant uptrend before entering a deep correction phase. Related Reading: Altcoin Season Enters 140-Day Golden Window, What Does Bitcoin Dominance Have To Do With It? Captain Faibik said this decline was necessary as it allowed the market to cool off after significant gains. Usually, when a cryptocurrency experiences strong growth and a subsequent price drop, it tends to flush out weak hands in the market and reset overheated indicators. In the case of the crypto market, the pullback is seen as a healthy market reset that could set the stage for an even stronger uptrend. Moving on, the crypto analyst noted that the markets correction is almost over, paving the way for the next bullish wave. He shared a chart representing the total crypto market capitalization excluding Bitcoin (BTC) and Ethereum (ETH) on a 1-day time frame.  Currently, the crypto market’s price action is forming a Bull Pennant characterized by converging trendlines. A breakout from this bull pattern is anticipated, potentially leading to a $1.4 trillion market capitalization target for the broader crypto market.  The analyst has indicated that February could be a bullish month for altcoins if the Bull Pennant pattern breaks upwards. He warns investors to buy and hold their bags while waiting for this supposedly explosive altcoin season.  Historically, the altcoin season has seen cryptocurrencies other than Bitcoin surge dramatically as investors’ interest and demand from BTC to other alternative coins. Ethereum typically leads this trend, as its growth often sparks rallies across the altcoin market. However, with ETH underperforming against all expectations, the possibility of a full-fledged altcoin season remains uncertain.  February To KickStart AltSeason Sharing a similar sentiment with the timeline of Captain Faibiks prediction for the altcoin season, many analysts have speculated that this bullish trend is set to occur in February. Specifically, Crypto Rover, a prominent crypto analyst on X, announced that the altcoin season will begin in the next two days. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 The analyst shared a chart highlighting Ethereums historical monthly returns from 2016 to 2024. The column for February shows that ETH has performed massively during this time almost every year, with 2017 recording its most significant return of 48.09%. Based on this analysis, Crypto Rover suggests that February could signal a bullish period for altcoins, triggering the start of the highly anticipated altcoin season. Featured image from Unsplash, chart from Tradingview.com

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XRP Consolidates Near Key Levels: The Implications Of A Breakout

XRP is currently navigating a pivotal phase, trading within a well-defined consolidation range of $2.9 to $3.4. This narrow band reflects a balanced struggle between bullish optimism and bearish caution as neither side has yet mustered the strength to trigger a decisive price movement.  Historically, such periods of consolidation are often precursors to significant market shifts, making this a critical moment for XRP enthusiasts and traders alike. A breakout above the upper boundary at $3.4 will probably act as a bullish catalyst, indicating renewed momentum and attracting fresh buying interest.  Such a move may pave the way for XRP to target higher levels, fueling market confidence. However, a breakdown below the $2.9 support could spell trouble, inviting stronger selling pressure. With technical indicators and trading volumes offering mixed signals, all eyes are now on XRPs price action to see whether it will deliver a breakout or succumb to a bearish reversal. A Tug-Of-War Between XRP Bulls And Bears A consolidation phase has emerged within the $2.9 to $3.4 range, showcasing a battle between bullish and bearish forces. The $2.9 level has proven to be a robust support, preventing further declines, while the $3.4 resistance acts as a key barrier to upward momentum. This tug-of-war highlights the indecision in the market, with traders closely watching for a breakout or breakdown to gauge the next significant price direction. Related Reading: XRP Price Sets the Stage for More Gains: Bulls Hold the Momentum However, technical indicators are offering valuable insights into XRPs consolidation phase such as the Relative Strength Index (RSI) suggesting a potential bearish breakout below the critical $2.9 support level. The RSI, currently dropping below the 50% threshold, reflects a weakening buying momentum. If the RSI continues to dip toward oversold territory, it might indicate that bears might be gaining the upper hand, increasing the likelihood of a price drop below $2.9. A breakdown at this support level may trigger negative momentum, pushing the altcoin into a deeper retracement phase.  While consolidation phases often precede significant market moves, the RSIs negative alignment warns traders to remain cautious as a failure to hold $2.9 could attract more sellers. Monitoring RSI movements alongside other technical indicators will be crucial in anticipating XRP’s next move amidst this uncertain phase. The Importance Of Defending The $2.9 Support Level Recent price action shows that the $2.9 support level is a critical threshold for XRP as bearish pressure looms. A decisive break below this level would result in increased selling pressure, driving the price down toward $1.9. This makes defending $2.9 a priority for the bulls since maintaining this level could provide the stability needed for a rebound. Related Reading: XRP Breaks Out Of Bull Flag And Targets $4.40, Predicts Crypto Analyst Failure to hold $2.9 might also shake trader confidence, reinforcing pessimistic sentiment and extending XRPs consolidation phase. It is advisable to monitor price action and volume near this key level as it might determine whether XRP remains resilient or submits to more downside risks. Featured image from Adobe Stock, chart from Tradingview.com

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Meme Coin BONK Faces Price Correction: Can Bulls Regain Control?

BONK, the vibrant meme coin, is encountering a price correction after a strong bullish run, raising questions about the future of its uptrend. While natural after a surge, the pullback has prompted speculation on whether bulls can regain control and steer the coin back toward its recent highs. Despite the dip, BONK still shows signs of resilience, with key support levels holding firm. A rebound from these zones could reignite buying interest and set the stage for another rally. However, a failure to hold these critical levels might signal a deeper correction, giving bears the upper hand. The next move for BONK will depend on the balance of market sentiment and technical factors. If bulls return with enough momentum, the coin could quickly recover, solidifying its position in the meme coin space. For now, the market watches closely to see if this correction is a mere pause or the beginning of a longer downturn. BONK Bullish Run Stalls: What Led To The Pullback? BONKs bullish run has hit a roadblock, with the price experiencing a temporary pullback after an impressive rally. This slowdown appears to stem from profit-taking by early investors, coupled with increased selling pressure near key resistance levels. Additionally, a lack of fresh buying pressure has contributed to the stall as traders await clearer signals for the next move. Related Reading: BONK Price Ready To Surge 1,105% From Here? Analyst Reveals Key Levels To Watch External market factors such as broader cryptocurrency trends and shifts in risk appetite may also have played a role in the dip. Despite the setback, BONK remains within a healthy correction phase, and its ability to hold key support levels will be crucial for determining whether the bulls can regain control and revive the uptrend. Technical indicators suggest that BONK’s momentum is cooling after its recent bullish run. The Relative Strength Index (RSI) shows a decline from overbought levels, signaling a decrease in buying pressure. This cooling phase indicates that the rally may be losing steam as bulls struggle to maintain the uptrend. However, this doesnt necessarily signal a bearish reversal; instead, it could reflect a natural pause or consolidation before the next major move. Traders should monitor these indicators closely to assess whether the meme coin is poised for recovery or a deeper correction. Potential Rebound Zones For Price Recovery As BONK undergoes a price correction, potential rebound zones are emerging that might serve as key areas for recovery. The $0.000002962 is the first critical level to watch since a bounce here could trigger renewed buying interest. If this level holds, it may pave the way for the token to retest resistance levels near $0.000004002. Related Reading: BONK Finds Stability At $0.00004002, Can Bulls Spark A Comeback? Another possible rebound area lies around the $0.000002320 mark, a stronger support zone from past trading activity. A recovery from this level would suggest sustained confidence among bulls, setting the stage for a broader upward move. Featured image from Shutterstock, chart from Tradingview.com

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Dogecoins Bullish Push Gains Steam, A Retest To $0.4 Ahead

Dogecoin is charging ahead as bullish momentum builds, propelling the price closer to the critical $0.4 resistance level. This surge marks a significant turn in sentiment, with buyers stepping up to reclaim control and drive the cryptocurrency higher. The $0.4 mark is more than just a psychological barrier, its a key resistance that could determine whether DOGE continues its climb or pauses for consolidation. As Dogecoin builds steam, can the bulls maintain control and break through this key barrier? The outcome of this move will play a decisive role in shaping the next phase of its price action, making this an exciting moment for the market. At the time of writing, DOGE has risen by over 7%, trading at $0.39. Recent Performance: A Closer Look At Dogecoin Dogecoin’s recent performance has showcased a remarkable recovery, with the cryptocurrency regaining strength and heading toward the critical $0.4 resistance level. After a period of consolidation, the meme coin has exhibited strong buying pressure, signaling renewed investor confidence and a potential shift in market dynamics. Related Reading: Dogecoin (DOGE) Finds Its Footing: Bulls Regain Traction Key technical indicators, such as the Relative Strength Index (RSI), reflect this resurgence, showing positive trends that align with the upward movement. Additionally, DOGEs ability to reclaim its position above significant moving averages such as the 4-hour SMA, further supports its upside trajectory. This rally has captured traders attention and reignited discussions about Dogecoins potential to test higher resistance levels. However, the $0.4 mark remains a significant hurdle, and the next outcome will likely define the cryptocurrencys short-term direction. As momentum builds, traders and investors are closely watching for signals of sustained strength or signs of a possible pullback. Potential Scenarios: Breakout vs. Rejection At $0.4 The $0.4 resistance level represents a crucial turning point for Dogecoins recent upbeat momentum. Two primary scenarios could unfold at this level: a breakout or a rejection. Related Reading: Massive Dogecoin Rally Incoming? Experts Point To Over 1,000% Upside If Dogecoin successfully breaches the $0.4 resistance, it might trigger a fresh wave of buying interest, driving the price toward higher targets like $0.48 or even $0.59. A breakout would solidify bullish dominance and attract traders, fueling the rally.  In this scenario, $0.4 may transition from a resistance level to a strong support zone, laying the groundwork for sustained upward movement. On the other hand, failure to break through $0.4 might result in a rejection, causing Dogecoin to retrace toward lower support levels such as $0.35 and $0.3.  Furthermore, the failure could indicate a pause in bullish momentum, with sellers asserting greater control near the resistance zone. While a rejection may cause short-term price weakness, it doesnt necessarily mean the end of the rally. Instead, it will pave the way for consolidation and a stronger base for future attempts at breaking $0.4. Featured image from Unsplash, chart from Tradingview.com

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