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XRP may need to undergo a short selloff period before confirming the upside continuation setup as whales demonstrate bullishness. XRP (XRP) price may rally over 20% in the coming weeks thanks to a classic bullish continuation setup. XRP price enters bull flag breakout stage The so-called bull flag pattern develops when the price consolidates inside a parallel channel after a strong uptrend. It resolves after the price breaks above the upper trendline with convincing volumes and rises by as much as the previous uptrend's height. As of Nov. 26, XRP was trading above its bull flag's upper trendline, albeit accompanying weaker volumes. That technically indicates a weaker conviction among traders about XRP's bullish continuation.  XRP/USD daily price chart. Source: TradingView The duration of traders' indecisiveness could have XRP price test the flag's upper trendline as support. That means a decline toward $0.59, coinciding with a historical support level and the ...

Will $30,000 BTC price hold? Bitcoin market structure remains bullish with another 10% gain on the table as sellers refrain from shorting. Bitcoin (BTC) price rallied over 10% between April 9 and April 14, marking the highest daily close in more than ten months. While some analysts may argue the move justifies a degree of decoupling from traditional markets, both the S&P 500 and gold are near their highest levels in over six months. Bitcoin price breaks $30,000 despite macro headwinds  Bitcoin’s gains and rally above $30,000 also happened while the dollar strength index (DYX), which measures the U.S. currency against a basket of foreign exchanges, reached its lowest level in 12 months. The indicator fell to 100.8 on April 14 from 104.7 one month prior as investors price d in higher odds of further liquidity injections by the Federal Reserve. Related: Bitcoin price teases $30K breakdown ahead of US CPI, FOMC minutes The latest Federal Reserve’s monetary policy meeting minutes, re...

Bitcoin price is steamrolling toward the all-important $20,000 level, leading analysts to speculate on where BTC price might go. After Bitcoin (BTC) hit a yearly high of $19,501 on Jan. 13, where is it headed next? Bitcoin is currently witnessing an uptick in bullish momentum after the positively perceived Consumer Price Index (CPI) report was followed by a strong rally across the crypto market.  The recent rally in Bitcoin is creating increased volume levels and higher social engagement on whether the price is in a breakout of fakeout mode. Is the Bitcoin bear market over? While the market is still technically in a bear market compared to last week, investor sentiment is improving. According to the Fear and Greed Index, a crypto-specific metric that measures sentiment using five weighted sources, investors’ feelings about the market hit a monthly high. Bitcoin Fear and Greed index. Source: alternative.me Bitcoin price is now approaching the psychologically important $20,000 level an...