World Crypto Global Official Site | head and shoulders pattern

Author: Scott Matherson

Crypto Analyst Shatters XRP Price Bullishness, Predicts Massive Crash To This Support Level

Crypto analyst Crypto Paradise has shattered hopes of an upward trend for the XRP price in the short term. This came following his prediction that the altcoin could witness a massive crash to a major support level. Analyst Predicts XRP Price Crash To $1.6 In a TradingView post, Crypto Paradise predicted that the XRP price could crash to the support level at $1.6. This came as he suggested that a huge bearish trap could be unfolding right now for XRP. This means that the altcoin will simply correct to shake out the bears and then witness a bullish reversal. Related Reading: XRP Price Follows Bitcoin To Critical Levels, Why $2.24 Is Important However, in the short term, the analyst warned that the XRP price is flashing serious warning signs. He highlighted the formation of a rising wedge pattern, which increases the probability of a bearish move. Crypto Paradise also noted that while analyzing the broader market structure, the recent upward trend looks to be a retracement within the larger bearish trend. As such, the probability of a decline being imminent is still very high. He claimed that if the XRP price bounces, grabs liquidity, and starts forming clear bearish patterns from the resistance area between $2.4 and $2.5, it could set up an excellent opportunity with a high risk-to-reward (RR) ratio for shorts. However, this bearish thesis will be invalidated if the price breaks out and closes a candle clearly above the resistance zone. If that happens, Crypto Paradise believes it would be much smarter to stay patient and wait for a more reliable XRP price action setup before considering new trades. The analyst also urged market participants to stay disciplined, patient, and smart. He added that it is best to stick to the plan and never rush decisions under emotional pressure. A Bullish Prediction For The Altcoin In an X post, crypto analyst Ali Martinez provided a bullish outlook for the XRP price. He stated that the altcoin looks to be breaking out of an inverse head and shoulders pattern, with a potential upside target between $2.70 and $2.90. A rally to this $2.90 target could pave the way for another rally to a new ATH for the altcoin. Related Reading: Heres What Happens If The XRP Price Closes Out This Week Above $2.25 Crypto analyst Joe also asserted that the XRP price looks bullish. He noted that the inverse Head and Shoulders breakout has been confirmed, while a bullish wedge breakout is evident on the charts. Key resistance has also flipped to support, and a higher low has formed. In line with this, the analyst remarked that momentum is building for a strong move up. At the time of writing, the XRP price is trading at around $2.28, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

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XRP Price Chart Signals Trouble Is A Drop To $1.20 Possible?

Author: Semilore Faleti

United Kingdom

Source: NewsBTC

Mar 10, 2025 12:05

XRP Price Chart Signals Trouble Is A Drop To $1.20 Possible?

The price of XRP has recorded a significant downtrend in the last 24 hours, declining by almost 5% according to data from CoinMarketCap. Amidst this price fall, renowned market analyst Ali Martinez has stated there is a strong bearish pattern forming on the XRP price chart signaling further price drops ahead. Related Reading: XRP Could Start An Explosive Move To $33 Within 28 Days, Says Analyst XRP Faces Bearish Breakdown As Head-And-Shoulders Pattern Emerges Over the last week, XRP investors have witnessed both sides of the crypto market volatility after a spontaneous 30% surge to $3.00 was followed by a bearish price action of almost equal strength. Currently, XRP trades at around $2.30 in a downtrend signaling a dominant selling pressure. Commenting on the current state of the market, Ali Martinez stated that XRP’s price action on its daily chart is forming a head-and-shoulders pattern suggesting an incoming heavy price fall. For context, the head-and-shoulders pattern is a common reversal signal, that appears at the peak of an uptrend before a significant downtrend begins. This bearish formation starts with the left shoulder which is an initial price peak followed by a moderate pullback. This can be seen with XRP’s price action in late 2024 after it surged to around $2.70 in early December before the general market correction. Thereafter, there is the head component which represents a higher price peak i.e. the current local market top at $3.40, followed by another decline. Finally, the head and shoulders pattern is completed by the right shoulder formed by XRP’s choppy price action in the last week. The altcoin is now on a downtrend putting many traders on alert for a potential substantial price crash. However, despite the head-and-shoulders pattern, a bearish signal can only be confirmed when XRP breaks decisively below the neckline at $2.20. In this case, Martinez warns the crypto asset could fall as low as $1.20, representing a potential 50% fall from XRP’s local highs seen in February. In neutralizing this bearish projection, XRP bulls must provide enough market demand to push the coin past the right shoulder peak of $3.00, signaling momentum for a prolonged price uptrend. XRP Market Overview At press time, XRP trades at $2.34 following a 4.56% decline in the last 24 hours. However, its weekly chart reflects gains of 9.44% pushing the asset into minor monthly gains of 0.34%. The fourth largest cryptocurrency has recently dipped below its 100-day Simple Moving Average correlating with fears of a sustained price fall. However, the XRP community remains largely bullish according to CoinMarketCap data. Related Reading: Bitcoin Price Forecast: LTF Head And Shoulders Pattern Predicts Crash Heres The Target Featured image from Bitcoin Sistemi, chart on Tradingview

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Heres How High The XRP Price Would Be If It Flips Ethereums Market Cap

Author: Scott Matherson

United Kingdom

Source: NewsBTC

Mar 18, 2025 12:10

Heres How High The XRP Price Would Be If It Flips Ethereums Market Cap

Recent data has shown what the XRP price would be if it flips Ethereums market cap. Such a development would also lead to a new all-time high (ATH) for XRP. Meanwhile, crypto experts have given their opinions on whether XRP could indeed flip Ethereum. How High The XRP Price Would Be If It Flips Ethereums Market Cap MarketCapOf data shows that the XRP price could reach as high as $3.94 if it flips Ethereums market cap. This is significant as a rally to this price level would mark a new ATH for the asset. Flipping ETHs market cap also means that XRP will become the second largest crypto by market cap. Related Reading: XRP Price Continuation After Crash Below $2.4? New Targets Emerge The XRP price is already on the heels of the Ethereum price. It currently occupies the number four spot with a market cap of $135 billion while ETH boasts a market cap of $227 billion. Crypto analyst Egrag Crypto had previously predicted that the altcoin will flip ETH in this market cycle. In a recent X post, the analyst suggested that it will still likely happen. He asserted that the XRP prices dominance is exhibiting tremendous strength as it is on the verge of closing above the 2021 high of 6%, surpassing Fib 0.5. The analyst added that a close above that level would be super bullish since Fib 0.5 is a critical level. Egrag Crypto predicts that the altcoin could surge straight to Fib 0.888 if it successfully closes above 0.5. He noted that this would align with the highs from 2015. The analyst stated that this prediction for the XRP price isnt just speculation. He seems confident in this prediction because of the asset’s utility. While Egrag Crypto believes XRP could flip Ethereum, crypto expert Ansem argues that XRP can never flip Ethereum because its use cases cannot be compared to ETHs, which boasts a robust ecosystem. The $2 Support Level In The Spotlight Crypto analyst Ali Martinez has again highlighted the importance of the $2 support level. He noted that the price is shaping up a head-and-shoulders pattern on the weekly chart, which spotlights the $2 support level, as holding this price level is crucial. His accompanying chart showed that XRP could drop to as low as $1.2 if it loses this support. Crypto analyst Dark Defender also highlighted $2.04 and $2.22 as the critical support levels for the asset. He suggested that it was important for XRP to hold above these price levels as it eyes a rally to the upside targets at $4.2932 and $5.8563. A rally to as high as $5 could see it flip Ethereum, especially if the latter continues to underperform. Related Reading: XRP Price Eyes 40% Gains, Analyst Reveals The Best Level To Buy And Hold At the time of writing, the XRP price is trading at around $2.3, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com

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Bitcoin Head and Shoulders Setup Raises Fears Of $80,000 Price Drop Details

Author: Ash Tiwari

United Kingdom

Source: NewsBTC

Dec 29, 2024 12:05

Bitcoin Head and Shoulders Setup Raises Fears Of $80,000 Price Drop Details

Although Bitcoin (BTC) remains range-bound – trading between the $90,000 and $100,000 price levels – some crypto analysts predict that a price correction may be on the horizon due to a bearish head and shoulders pattern forming on the daily chart. Bitcoin To Drop To $80,000? Seasoned analyst and trader Aksel Kibar took to X to share his thoughts on the recent BTC price action. In his post, the chartered market technician highlighted a potential head and shoulders pattern forming on the daily BTC chart, with risk of the cryptocurrency dropping as low as $80,000. The analyst explained that the pullback could push BTCs price to the broadening pattern that completed with a breakout above $73,600. However, Kibar emphasized that the head and shoulders pattern must fully materialize for a significant pullback in BTC price to occur. He stated: Seeing it is not enough. It needs to materialize with a breach below the neckline. There are many cases of failed head and shoulders tops especially in steady uptrends well above the year-long average. Other crypto analysts have also shared similar bearish outlooks for Bitcoin’s price. For instance, technical analyst Ali Martinez identified $92,730 as a crucial price level for the top cryptocurrency. According to Martinez, losing this level could push BTC into “free fall territory,” based on UTXO Realized Price Distribution (URPD). Related Reading: Bitcoin Sell-Off Likely When This Metric Reaches 4%, Analyst Explains For the uninitiated, URPD is a metric that shows the distribution of Bitcoins Unspent Transaction Outputs (UTXOs) across various price levels, based on when they were last moved. Essentially, it helps identify price zones where significant BTC accumulation or spending occurred, providing insights into investor behavior and market sentiment. In addition, former Wall Street derivatives trader Tone Vays warned that BTC trading below the $95,000 price level would be “very, very bad” for the flagship digital asset. Similarly, renowned trader Peter Brandt recently highlighted the risk of BTC breaking down from a broadening triangle formation, potentially falling to the $70,000 level. While several analysts predict a potential price correction, others remain optimistic about Bitcoin’s long-term trajectory. Thomas Lee of Fundstrat Capital projected that BTC could surge as high as $250,000 by 2025. However, he acknowledged the possibility of a short-term correction to $60,000 early next year before Bitcoin enters a historic bull run. The Long-Term Bullish Case For BTC While BTC may indeed face a looming price correction according to some analysts, the long-term price projections remain overwhelmingly bullish. Crypto asset manager Sygnum posits that BTC may face demand shocks due to strong institutional interest in the asset, driving its price significantly higher. Related Reading: Bitcoin May Surge To $200,000 By Mid-2025 Amid Mild Price Pullbacks: Report Earlier this month, Ali Martinez highlighted the potential formation of a cup and handle pattern on BTCs chart. If this pattern plays out, it could trigger renewed bullish momentum for the digital asset. At press time, BTC trades at $94,149, down 2.5% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com

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Bitcoin Price At $321,000 This Cycle? Analyst Says Its The Math

Author: Scott Matherson

United Kingdom

Source: NewsBTC

Jan 26, 2025 12:05

Bitcoin Price At $321,000 This Cycle? Analyst Says Its The Math

Crypto analyst Tony Severino has provided an ultra-bullish outlook for the Bitcoin price, predicting that the flagship crypto could rally to as high as $321,000. The analyst admitted that this target was too high for BTC but added that it was simply the math. Bitcoin Price To Reach $321,000 In This Market Cycle In a substack post, Tony Severino predicted that the Bitcoin price could rally to as high as $321,000 in this bull run. This came as the analyst highlighted a potential head and shoulders pattern that had formed on Bitcoins chart. The analyst claimed that if this bullish pattern was valid, then it projects a maximum target of $321,000 per BTC. Related Reading: Bitcoin Price Aims For $150,000-$170,000 With Wave Formation, Here Are The Details Severino admitted that this price target for the Bitcoin price is too high but remarked that its the math. Interestingly, the crypto analyst went on to give a higher price prediction for the flagship crypto based on another bullish pattern. According to him, BTC could reach $345,000 if it touches the upper boundary of the primary uptrend channel over the last 8 years or thereabouts. Meanwhile, Severino also provided more conservative targets for the Bitcoin price. The analyst predicted that BTC could at least touch $158,000. This came as he noted that the 2021 cycle peak inverse Fibonacci extension could project the 2025 cycle peak. If so, he stated that this peak inverse Fib extension is located among the lowest estimates for BTC at $158,000. The crypto analyst further remarked that another method of using the 1.618 Fib extension involves projecting the target from the peak of wave 3 from the bottom of wave 1. Based on this, he added that this calls for a potential target of $194,000. Severino provided another version that projects the 1.618 Fib extension from the top of subwave iii of 5 to the bottom of subwave i of 5. If this plays out, BTC could reach a slightly lower target of $186,000. Lastly, the crypto analyst also raised the possibility of the Bitcoin price peaking at $191,000. He highlighted a bull pattern, which, if valid, could send BTC to this target. BTCs Price Action In The Short Term Crypto analyst Ali Martinez provided insights into the Bitcoin price action in the short term. In an X post, he stated that the key support level for Bitcoin is at $97,877, where more than 101,000 BTC were accumulated. The analyst further remarked that holding above this level is crucial to sustaining the bullish momentum for the flagship crypto. Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Heres Whats Supposed To Happen Next In another X post, the crypto analyst provided a bullish outlook for the Bitcoin price. He noted that the number of BTC transactions over $100,000 has doubled in the past week, rising from $15,620 to $32,320. At the time of writing, the Bitcoin price is trading at around $104,300, down almost 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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