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CATEGORY: phase


Altseason 2.0: Mapping the Path to the Next Crypto Boom

Author: Arslan Tabish
Estonia
Aug 26, 2024 02:30

Altseason 2.0: Mapping the Path to the Next Crypto Boom

The crypto space is eagerly waiting for the next Altseason 2.0, which is expected to bring great returns to investors. The period ahead is characterized by steep gains in altcoins, a trend that has been observed repeatedly in the past. In a recent X post, Ash Crypto explained the stages that usually occur before this […]

MakerDAO and Sherlock team up for historic $1.35M security audit contest

Author: Cointelegraph by Josh O'Sullivan
United States
Jun 26, 2024 12:00

MakerDAO and Sherlock team up for historic $1.35M security audit contest

MakerDAO partners with Sherlock for a record-breaking $1.35 million audit contest, launching on July 8 and ending on Aug. 5, to ensure top-tier security for its Endgame phase.

May 09, 2025 12:10

XRP Price Repeating History? 2017-Like Rally To Send Price To $10

Crypto analyst ArShevelev has raised the possibility of history repeating itself for the XRP price. If so, the analyst indicated that the altcoin could witness a 2017-like rally, which would send its price to double digits.  XRP Price To Reach $10 If History Repeats Itself In a TradingView post, ArShevelev predicted that the XRP price could reach as high as $10 if history repeats itself. He remarked that the current XRP chart screams déjà vu with the altcoins price action mirroring the 2014 to 2018 cycle. The analyst noted that XRP broke out from its 2014 all-time high (ATH) in 2017, leading to a massive rally. Related Reading: XRP Price Is Eyeing Another Breakout To $4: Analyst Says Watch This Level A similar setup is playing out for the XRP price, but with a twist. ArShevelev stated that XRP is struggling to break through the 2018 ATH resistance zone around $3.31, which he claimed reminded him of the breakout consolidation phase in 2017. The analyst added that this consolidation has historically led to a breakout, and the chart hints at a potential repeat. He affirmed that the price could witness a parabolic move if it breaks out soon, potentially targeting much higher levels. However, the analyst warned that the current resistance is a tough hurdle, and XRP might pull back to lower supports if it fails. ArShevelev also provided key levels to watch out for.  He highlighted $3.31 as the major resistance while $1.643 is the major support. The breakdown risk is $0.650, meaning the XRP price could still drop to last years lows. The analyst admitted that he isnt fully convinced about the setup but considers it intriguing. He added that this could be XRPs moment to shine.  The Altcoin Needs To Break Out Of Its Current Range Crypto analyst Ali Martinez recently highlighted the need for the XRP price to break out of its current range. In an X post, he stated that the key levels to watch are $2 and $2.26. The analyst added that a decisive close outside this range could set the tone for the next major trend.  Related Reading: XRP Price Breaks Above Magic Line With Bullish Continuation Toward $3 Martinez looks to be favoring a downtrend for the altcoin’s price in the short term. In another post, he stated that XRP could be due for a retracement, with the TD Sequential flashing a sell signal on the 3-day chart.  Crypto analyst CasiTrades also didnt rule out a possible correction for the XRP price. However, she claimed the altcoin could bounce off key supports to new highs, noting that momentum was building. She revealed that the RSI is showing signs of selling exhaustion on the lower timeframes, and the price action is beginning to compress. This often signals a bigger move is on the horizon.  At the time of writing, the XRP price is trading at around $2.17, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

May 23, 2025 12:10

XRP Price To See 64,000% Rally To $1,700? Analysts Reveal End Of Year Predictions

XRP price forecasts have taken a dramatic turn as bold predictions surface, suggesting that the cryptocurrency could be on the verge of a parabolic 64,000% rally to $1,700. Analysts backing this ambitious forecast point to historical price patterns and XRPs current technical structure as the basis for their end-of-the-year predictions.  A chart shared by crypto analyst The Real Remi Relief on X (formerly Twitter) shows that XRP is mirroring a technical pattern that preceded its 2017-2018 historical bull run one that saw the third largest cryptocurrency skyrocket by tens of thousands of percent in just a few months. Now that this historical pattern is unfolding, the analyst has confirmed that a breakout is on the horizon for XRP, with projections pointing toward a potential price target as high as $1,700.  XRP Price End Of Year Forecast The chart shows two distinct consolidation phases in XRPs price action the first spanning from 2014 to 2017 and the second lasting from 2018 until early 2024. During both periods, the cryptocurrency underwent a long-term compression under a descending resistance line. This compression was followed by a breakout, retest, and vertical price expansion.  Related Reading: XRP Moves Into Key Range Against Bitcoin As 3 Major Targets Show Up Notably, this breakout in 2017 led to XRP reaching its historical all-time high of $3.84 a level it hasnt revisited for over six years. Earlier this year, XRP experienced a similar breakout that pushed it above the multi-year downtrend. The current chart shows that the cryptocurrencys retest is holding steady, and this pattern has previously preceded massive rallies during the past bull cycles.  As a result, Real Remi Relief argues that history is on the verge of repeating itself. According to his end-of-year forecast for XRP, the cryptocurrency is poised for a staggering 64,000% rally, placing its price at a jaw-dropping $1,700 per token by as early as Q4 2025 or Q1 2026.  While the timeline could extend into the following year, the outlook still frames 2025 as a bullish turning point for XRP, with strong potential for the altcoin to close the year in a strong green. Interestingly, the crypto expert has also shared a more conservative target, predicting that XRP could record a still ambitious, but more realistic surge to $1,200 by years end.  XRP Could Skyrocket Even Higher By 150,000% While the Real Remi Reliefs $1,700 price projection for XRP is undeniably bold, the analyst goes even further, speculating that the cryptocurrencys total upside potential in this cycle could soar as high as 80,000% and 150,000%. This surge could catapult XRPs current price of $2.4 to an astonishing $1,920 and $3,600, respectively.  Related Reading: XRP: Exit Liquidity Pattern Forming Signals Crash To $1 Such gains would not only eclipse XRPs previous all-time high but also represent one of the most dramatic asset revaluations in crypto history. Skepticism remains, of course, particularly amongst commentators under the analysts X post, who view this bold forecast as an almost impossible goal. Featured image from Adobe Stock, chart from Tradingview.com

May 14, 2025 04:40

Missed FLOKIs Breakout? Arctic Pablo Coin Is Now Leading the List of Top New Meme Coins to Invest in This Week

Every cycle in crypto brings its "should-have-bought" momentand for many, FLOKI was it. Launched as a meme tribute with Viking flair, FLOKI once traded for fractions of a cent. Those who backed it during its infant stages now count six or even seven figures in their portfolios. From social media memes to real-world metaverse utilities, FLOKI transformed overnight believers into long-term legends.

The post Missed FLOKI’s Breakout? Arctic Pablo Coin Is Now Leading the List of Top New Meme Coins to Invest in This Week appeared first on Kanalcoin.

Apr 30, 2024 12:05

Bitcoin Long-Term Outlook: Analyst Foresees Peak In Late 2025

Following the fourth Bitcoin Halving, Rekt Capital, a popular cryptocurrency trader and expert, has offered a compelling narrative on the future trajectory of Bitcoin, predicting that the crypto asset could peak this bull cycle in the following year. Rekt Capital’s analysis emphasizes on the possibility that this current cycle could reiterate past Halving cycle trends, positioning BTC for significant gains in the coming months. Bitcoin Could Mirror Past Halving Cycle According to the analyst, Bitcoin reached its all-time high within 518 days following the Halving in the 20152017 cycle. Meanwhile, after the event in the 2019-2021 bull cycle, the digital asset topped out within 546 days. This suggests that the event has always catalyzed massive growth for the leading cryptocurrency asset. Related Reading: Legendary Trader Predicts When Bitcoins Bull Run Will End Should the past trend hold, the next bull market top might happen between 518 and 546 days following the recently concluded fourth Halving, particularly around the middle of September or middle of October in 2025, according to Rekt Capital. The analyst noted that in this cycle Bitcoin is accelerating by about 220 days currently. Thus, the longer time BTC consolidates after this Halving, it will be better for resynchronizing this current cycle with the previous events cycle. Rekt Capital also noted that Bitcoin has experienced further declines in the three weeks after the Halving, according to historical data from 2016. He has labeled the period as the Post-Halving “Danger Zone,” this is where there is a chance of downside volatility at the range low of the Re-accumulation Range. In 2016, approximately 21 days after the occurrence, Bitcoin saw a lengthy -11% decline before gaining momentum toward the upside. However, data for 2016 indicates that if there will be downside volatility in this cycle around the Re-Accumulation Range Low, it may happen during the following 15 days. Although the post-Halving danger zone ends in 15 days, the 2016 data indicates that there may be some negative volatility in the interim, possibly reaching the $60,600 Range Low. Parabolic Phase For BTC It is worth noting that Rekt Capital anticipates a parabolic phase after the re-accumulation phase is concluded. During this stage, Bitcoin usually sees massive growth leading all the way up to a new all-time high. Related Reading: Bitcoins Next Move Revealed: Trading Guru Reveals This Cryptic Chart Pattern, Heres What It Says In the previous Halvings, Bitcoin would historically consolidate in this Re-Accumulation Range for up to 150 days before ultimately entering a parabolic phase. Once BTC breaks out of this re-accumulation stage, Rekt Capital expects BTC to see a parabolic upside by September this year if it consolidates within the aforementioned timeframe. At the time of writing, BTC was down by over 5% in the past 7 days and was trading at $62,504. Presently, its market cap is down by 1.53%, while its trading volume has increased by over 22% in the last 24 hours. Featured image from iStock, chart from Tradingview.com

Apr 19, 2025 04:40

Best New Meme Coins to Buy for 2025: Arctic Pablo, Neiro, Turbo

Discover Arctic Pablo Coins thrilling presale, Neiros breakthrough, and Turbos big news. Find out why Arctic Pablo is one of the best new meme coins to buy for 2025.

The post Best New Meme Coins to Buy for 2025: Arctic Pablo, Neiro, Turbo appeared first on Kanalcoin.

Apr 11, 2025 05:50

Bitcoin Traders Sentiment Change Signals Next Phase of BTC Halving Cycle

Bitcoin Traders’ Outlook Indicates the Next Stage in the BTC Halving Process As Bitcoin’s halving event approaches, traders and investors are closely monitoring the market sentiment for clues about what may lie ahead. Recent shifts in sentiment suggest that the cryptocurrency may be poised for the next step in its halving cycle. The halving cycle, [...]

The post Bitcoin Traders’ Sentiment Change Signals Next Phase of BTC Halving Cycle appeared first on Crypto Breaking News.

Apr 01, 2025 12:05

Ethereum Price Confirms Breakout From Ascending Triangle, Target Set At $7,800

The Ethereum price has finally broken out of a months-long consolidation pattern, signaling the possible start of a significant bullish move. The recent breakout of an Ascending Triangle formation suggests that ETH is set for more gains, with a crypto analyst suggesting a price target of $7,800 in the coming months. Ethereum Price Targets $7,700 ATH The Ethereum price is believed to be targeting a new all-time high of $7,800 after its recent breakout from an Ascending Triangle. For months now, the cryptocurrency has been trading within this classic bullish chart pattern, where prices make higher lows while facing strong resistance at a fixed level. Related Reading: Ethereum Is Not Dead: Broadening Wedge Suggests Another Leg-Up Is Coming This consolidation pattern has been active since late 2024, establishing strong resistance at $4,000. TradingView analyst Sohaibfx has predicted that if Ethereum can surpass this resistance level, it would confirm a bullish trend, leading to a strong upward continuation in its price.  Looking at the analysts price chart, Ethereum spent several months navigating between $2,000 and $4,000 in Q1 2025. This region represented an accumulation phase where buyers had quietly built their positions in anticipation of a potential rally.  A descending channel marked in orange in the price chart also shows that Ethereum had experienced a significant pullback mid-to-late 2024 before breaking out. This was likely the final shakeout before it regained its bullish momentum.  According to Sohaibfx, a measured move of the Ascending Triangle suggests that Ethereum is poised for an explosive 333% surge to $7,800. This bullish target is calculated by determining the height of the triangle, which is the difference between its base at $2,000 and resistance level at $4,000.  When the price breaks above the resistance, the common method for estimating the possible next move is to add the triangles height to the breakout point, which gives a technical target of $6,000. However, based on past price behaviour and strong buying momentum, the Ethereum price could push even higher, with $7,800 being a key psychological level.  Support Levels And Momentum Indicators To Watch In his price analysis, Sohaibfx has pinpointed the $4,000 and $3,000 price levels as support levels for Ethereum. This support should act as a safety net, where buyers are likely to step in to prevent further decline after Ethereum reaches its projected $7,800 target.  Related Reading: Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash Coming? Moving forward, the analyst highlights key momentum indicators that should be monitored. While the analysts chart does not specify indicators like Moving Average Convergence Divergence (MACD) or Relative Strength Index (RSI), Ethereums sharp upward move suggests that strong momentum will be a major contributor to its rise to a new ATH. Sohaibfx has advised traders to watch out for RSI levels above 70, as overbought conditions could signal a potential pullback while Ethereum approaches higher levels. Featured image from Adobe Stock, chart from Tradingview.com

Mar 28, 2025 12:10

Crypto Pundit Makes Case For Bitcoin Price At $260,000, But This Invalidation Level Threatens The Rally

A prominent crypto pundit has outlined a compelling case for the Bitcoin price outlook, predicting a surge to a target as high as $260,000 this bull cycle. However, a critical invalidation level stands in the way of this bullish scenario, threatening Bitcoins projected rally if breached.  On March 26, Gert van Lagen, a well-known crypto analyst on the X social media platform, predicted that the Bitcoin price could hit a bullish target between $200,000 and $300,000. The analysts chart suggests that Bitcoins price action in the past few years has closely followed a classic market cycle structure, moving through the Accumulation, Redistribution, Re-accumulation, and Distribution phases.  Bitcoin Price Eyes New ATH Above $260,000 According to Lagen, Bitcoin has successfully broken out of a seven-month re-accumulation phase, signaling the potential start of a powerful uptrend. Between late 2022 and early 2023, the cryptocurrency experienced an accumulation phase in which smart money entered the market at low prices when BTC had bottomed out. This was followed by a strong rally that led to a rapid price appreciation to new highs.  Related Reading: Global M2 Vs. Bitcoin Shows Bullishness As Analyst Sets Blast Off Date, Heres When After consolidating for seven months in mid-2023 – early 2024, Bitcoin formed a range, allowing the market to absorb supply before another price breakout. Notably, this trend continued in 2025, with BTC breaking out of a seven-month re-accumulation phase. Based on the trajectory of Lagens price chart, Bitcoin’s next leg up is a sharp rise to $240,000, followed by a brief correction before rallying to a price peak between $290,000 and $300,000. After hitting this ATH, the analyst predicts that Bitcoin will decline and undergo a period of choppy trading, experiencing price fluctuations between $220,000 and $260,000.  Interestingly, Bitcoins projected rise to an ATH and the following sideways trading are expected to occur during its distribution phase, which is typically characterized by increased sell-offs and market volatility. Once BTC experiences a final surge to $260,000, Lagen predicts a price crash toward $148,000 – $136,000, marking the possible end of the bull rally and the start of the bear market.  Key Invalidation Level Threatening BTCs Rally Lagens optimistic price forecast for Bitcoin is being threatened by a key invalidation level, which could halt the cryptocurrencys potential surge to $200,000 – $300,000. Although Bitcoins bullish structure remains intact, the analyst warns that a weekly close below the 40-week LSMA would invalidate its breakout.  Related Reading: Bitcoin Long-Term Holder Net Position Turns Green For The First Time In 2025 As of writing, the Bitcoin price is consolidating above this key invalidation level at $73,900. As long as it holds above this level, Lagen believes that its bullish trajectory will be sustained. However, a drop below $73,900, which already represents a 15% decline from BTCs current market price, could postpone the projected surge or cancel it altogether. Featured image from Adobe Stock, chart from Tradingview.com

Mar 26, 2025 04:40

Arctic Pablo Coins Presale Nears the Finish Line Crystal Cove Stage Gathering Millions Amid Broccoli and Brett Latest Moves

Discover the top meme coins to join for 2025, including Arctic Pablo Coin's epic presale, Broccoli's green crypto mission, and Brett's latest surge.

The post Arctic Pablo Coins Presale Nears the Finish Line Crystal Cove Stage Gathering Millions Amid Broccoli and Brett Latest Moves appeared first on Kanalcoin.

Mar 26, 2025 12:05

Crypto Expert Arthur Hayes Reveals Why Bitcoin Price Will Touch $110,000 Before $76,500

Bitcoin has entered a period of relative calm, with its price oscillating between $81,000 and $89,000 over the past several sessions. This newfound stability has reassured many traders, as the odds of a sharp decline below $80,000 have diminished significantly. Selling pressure is starting to ease, buyers are gradually stepping in, and the market appears to be in an accumulation phase, which is often a precursor to another rally.  Even with selling pressure easing, there’s still a risk of breakdown below $80,000 at any moment. However, dormer BitMEX CEO and renowned crypto investor Arthur Hayes recently shared a bold projection that Bitcoin will reach $110,000 before retesting the $76,500 price level. Arthur Hayes Predicts $110,000 Will Come Before Any Pullback to $76,500 As it stands, Bitcoin is closer to $75,000 than it is to $110,000, but popular crypto commentator Arthur Hayes believes the leading cryptocurrency will reach the latter before the former.  A climb to $110,000 will translate to a new all-time high for Bitcoin, as its current peak is $108,786, set in January.  Related Reading: Crypto Pundit Arthur Hayes Says Be Patient After Bitcoins 36% Crash, Reveals Possible Bottom At present, Bitcoin is trading about 20.3% below that high, and concerns about a deeper correction are valid. The possibility of a pullback to $76,500 is still a genuine concern, especially since that price sits just under this months local low, and it can be quickly retested before another bounce upwards. Hayes’ comments on social media platform X offered both a price target and a macroeconomic rationale. Hayes stated, I bet $BTC hits $110k before it retests $76.5k, clarifying that the momentum of the market and shifts in monetary policies are more likely to push the Bitcoin price up rather than another correction towards $76,500. He went further to suggest that once Bitcoin crosses $110,000, it may not look back until it starts approaching $250,000. This price target resonates with outlooks from other crypto analysts. Incoming Shifts In Monetary Policies Central to Hayes’ reasoning is the Federal Reserves changing stance on liquidity. He pointed out that the Fed is transitioning from quantitative tightening (QT) to a new phase of quantitative easing (QE), particularly in the Treasury markets. Although the Fed has been engaged in quantitative tightening (QT) since June 2022, there are now discussions about pausing or slowing down the balance sheet runoff. According to Reuters, some analysts predict a shift towards a more QE-like approach. Related Reading: Bitcoin Price Forecast: LTF Head And Shoulders Pattern Predicts Crash Heres The Target This shift could potentially inject more liquidity into the financial system, pushing assets like Bitcoin to higher price levels. Hayes also dismissed concerns about inflation, stating that the Fed Chairman appears to view it as “transitory inflation.” At the time of writing, Bitcoin is trading at $86,600, having traded at an intraday high of $88,713 in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com

Mar 25, 2025 04:50

Arctic Pablo Coins Epic Presale Surge Grab at $0.000083 Before Its Too Late! Shiba Inu and Dogecoin Spark Fresh Interest

Explore Arctic Pablo Coin presale, Shiba Inu, and Dogecoin in our guide. Discover the hottest meme coins to invest in this week and maximize ROI!

The post Arctic Pablo Coins Epic Presale Surge Grab at $0.000083 Before Its Too Late! Shiba Inu and Dogecoin Spark Fresh Interest appeared first on Kanalcoin.

Mar 24, 2025 04:40

Grab Your Arctic Pablo Coins Now Before the Prices Skyrocket, As AI Companions and Dog (Bitcoin) Lead the Charge in March 2025

Discover Arctic Pablo Coin & other top new meme coins to invest in March 2025. Explore presale details, ROI potential & latest updates about AI Companions and Dog (Bitcoin).

The post Grab Your Arctic Pablo Coins Now Before the Prices Skyrocket, As AI Companions and Dog (Bitcoin) Lead the Charge in March 2025 appeared first on Kanalcoin.

Mar 20, 2025 04:40

Arctic Pablo Coin Leads the Charge: Dont Miss Out on This Golden Opportunity Before It Slips Away Like Turbos Early Days

With its highly rewarding referral incentives and an ongoing presale offering significant ROI potential, Arctic Pablo Coin is in the middle of Top New Meme Coins to Invest in This Week.

The post Arctic Pablo Coin Leads the Charge: Dont Miss Out on This Golden Opportunity Before It Slips Away Like Turbos Early Days appeared first on Kanalcoin.

Feb 23, 2023 11:10

Metacade sold out every phase of it’s presale so far – This hot crypto presale won’t last long | Invezz

Investors looking for the next hot crypto need look no further than the new online gaming platform Metacade, which is generating enormous momentum during its crypto presale event. The platform’s native MCADE token has investors flocking in their thousands to get on board this brand-new project, which looks ready to inflict transformative impact across the ...

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<p>The post Metacade sold out every phase of it’s presale so far – This hot crypto presale won’t last long | Invezz first appeared on CCNC.</p>

Cardano ecosystem set to expand with custom-built sidechains

Author: Cointelegraph By Brayden Lindrea
United States
Jan 13, 2023 08:20

Cardano ecosystem set to expand with custom-built sidechains

The toolkit will allow for creators of sidechains to choose their own consensus mechanism and other application-specific features, whilst inheriting the security of the main chain.

Sep 11, 2021 10:55

Anticipating Launch Of Cardano (ADA) Smart Contract & Specialties!

The next few hours may be considered one of the most important times in the history of the world’s third

The post has appeared first on thenewscrypto.com

Feb 27, 2025 12:10

Bitcoin Enters Re-Accumulation Range After Crash Below $90,000, What To Expect

Bitcoin’s recent price crash took the entire market by surprise, leaving bullish investors reeling in losses. Particularly, this crash saw Bitcoin losing its foothold at the $90,000 price level and extended a crash across multiple cryptocurrencies.  Technical analyst Rekt Capital identified this pullback as a downside deviation within a re-accumulation range, hinting at potential market changes in the coming weeks. Bitcoins Drop Below $90,000: A Necessary Reset? Bitcoin’s break below $90,000 in the past few days marks its first time trading below this level since November 2024. After months of sustained upward momentum, Bitcoin started to consolidate below the $100,000 price level, spending most weeks trading between $90,000 and $100,000.  Related Reading: Bitcoin Long-Term Holders Officially Enter Into Greed Territory, Is This Good Or Bad For Price? This consolidation phase, while unsettling to some investors, was interpreted by some analysts as a natural part of Bitcoins broader market cycle. Crypto analyst Rekt Capital has pointed out that Bitcoin frequently undergoes phases of re-accumulation during bull cycles, allowing the market to reset before the next leg upward. According to his assessment, the current price movement aligns with historical trends, where Bitcoin establishes an accumulation floor before another rally. Interestingly, Bitcoin’s recent break below $90,000 is part of this reaccumulation range phenomenon. Rekt Capital describes this as a “downside deviation” below the range low, which is a pattern Bitcoin has exhibited multiple times in past cycles.  What To Expect From BTCs Next Move Re-accumulation phases are generally highlighted by buying pressure among a few whales and retail investors while the larger market continues to sell. According to data from on-chain analytics platform Glassnode, some long-term Bitcoin holders have remained unfazed by the recent price crash. In fact, the latest selloff has presented them with a key accumulation opportunity, with these long-term addresses increasing their total Bitcoin holdings by 20,400 BTC in the past 48 hours. Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Heres Whats Supposed To Happen Next Bitcoins future trajectory will depend on how it reacts within this re-accumulation range. If Bitcoin successfully reclaims $90,000, it could confirm that the break below was merely a shakeout before further gains. A strong rebound from this level would likely reignite bullish sentiment, potentially paving the way for a substantial break above $100,000. However, an extended decline below $90,000 could be very devastating for Bitcoin and its long-term holders who are currently accumulating in the reaccumulation zone, as there isn’t much of a support level to prop up any downtrend until the $70,000 price level. At the time of writing, BTC is trading at $88,628, reflecting a 7.5% decline over the past seven days. However, the cryptocurrency has shown early signs of stabilization, having rebounded by roughly 2% after hitting an intraday low of $86,867. Featured image from Adobe Stock, chart from Tradingview.com

Feb 26, 2025 12:05

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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