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⚡️ Analyst Identifies New XRP Structure, Predicts Potential Rally to Double Figures XRP market sentiment heats up as an analyst identifies a major bullish signal that hints at a potential breakout in the near term toward a double figure. The analyst, Javon Marks, pointed out in his latest analysis that the current XRP setup is similar to a price action structure from 2017, where XRP consolidated for over two years in a horizontal range between $0.004 and $0.009. 🔸 XRP Bullish Setup Interestingly, this phase featured hidden bullish divergence, which indicates underlying strength in a market despite relatively stable prices. In early 2017, following the divergence, XRP experienced a major breakout, surging from its consolidation range to the $3.31 peak. Now, in 2024, XRP is again displaying signs of strength. The analyst’s chart shows that since May 2023, XRP has been trading in a similar rectangular consolidation zone between $0.42 and $0.74. This range has also featured a hidden bullish divergence, similar to the pattern observed in 2017. The analyst believes that this could signal another explosive breakout. The analyst also spotlighted a consolidation area marked in a green circle within the chart, which occurred just before XRP’s breakout in 2017. This consolidation area is now playing out in 2024 as XRP forms another structure. The appearance of this structure could mean that XRP is now building up strength for the breakout. Despite not presenting a definite target, Marks’ chart depiction suggests a rally toward $17. At its current price, XRP would need to rally 3,029% to clinch the $17 target. Notably, other analysts have also predicted a rally to this price level, with EGRAG, one such individual, citing what he calls the “Bent Fork” as a potential trigger. 🔸 XRP Current Position On the daily chart, XRP is now showing signs of recovery. At the time of writing, XRP is trading at $0.5433, having bounced back from a steep decline at the end of September. #XRP #Ripple

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🚀 Will Bitcoin’s Rally Continue? Analytics Company Representatives Speak Out Bitcoin continued its upward momentum, climbing for the fourth time in five days as speculators target $70,000 amid growing enthusiasm for the cryptocurrency. The largest cryptocurrency rose 2.9% to $68,898, surpassing the level reached on Wednesday and the highest since July 29. Bitcoin last traded at $70,000 on June 12. “Momentum is strong and the path of least resistance is to the upside given the macroeconomic backdrop,” commented Jaime Baeza, managing partner at crypto hedge fund AnB Investments. Investors have poured more than $1.8 billion into U.S. ETFs holding bitcoin this week, according to Bloomberg data. The investment products were first approved in the U.S. in January, boosting market confidence. Bitcoin reached an all-time high of $73,797 in March, buoyed by optimism about demand for ETFs. However, the price fell more than 30% in early August before the current bull run began. Shiliang Tang, president of leading trading firm Arbelos Markets, noted the strong ETF inflows this week. “There are a lot of options positions, between 68,000 and 71,000, so there could be some short gamma,” he said. As investors flock to the options market, dealers who provide those contracts engage in “gamma hedging,” buying or selling to neutralize their rapidly changing risk. Optimism is also fueled by expectations that the next U.S. presidential administration will be more crypto-friendly, regardless of whether Vice President Kamala Harris or former President Donald Trump win next month. Harris has addressed long-standing complaints from the crypto industry about a lack of regulatory clarity by promising to create a regulatory framework for cryptocurrencies. Trump, meanwhile, has actively supported crypto-focused voters and has ongoing crypto-related projects. #BTC #Bitcoin

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📊 Shiba Inu Price Makes End-of-Correction Pattern For 48% Rally The Shiba Inu price surged 2.7% during Friday’s trading session to reach $0.000018. The bullish narrative is fueled by restoring Uptober rally sentiment as Bitcoin climbs toward $70,000. With the formation of the famous Inverted Head and shoulder pattern, the SHIB price signals the end-of-correction and massive rally ahead. 🔸 Shiba Inu Price Poised for a 48% Rally with the End-of-Correction Pattern Since mid-June, the Shiba Inu price prediction has showcased a sideways trend, struggling to surpass the $0.00002 barrier. However, an analysis of the daily chart displays this consolidation as forming a well-known reversal pattern called inverted head and shoulder. The chart pattern characterized by three troughs indicates the asset witness demand pressure at the bottom support. Amid October’s rally, the SHIB price rebounded from $0.00001552 to $0.0000187, accounting for 21.2% growth, while the market cap surged to $11.04 billion. If the pattern holds true, the Shiba Inu price is poised for another 8% surge to challenge the $0.00002 neckline resistance of the In H&S pattern. Theoretically, this pattern establishes a predetermined target by measuring the distance from the middle trough to the neckline. This measurement is then applied from the breakout point to project the potential upward movement. If the pattern holds true, the SHIB price is set for another 8% surge to challenge the $ 0.00002 neckline resistance of the In H&S pattern. A successful flip above the overhead resistance will accelerate the bullish momentum and set the dog-themed memecoin for a promising 48% rally to hit $0.00003. A potential bullish crossover between the 50-and-100-day EMA strongly supports the narrative of the SHIB price breakout. Trader Attention Shifts to Meme Coins as BTC Targets $70K According to santiment analysis, the meme coins such as Dogecoin and Shiba Inu are drawing the most attention from traders, with social discussion rates reaching their highest levels in five months.

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⭐️ Analytics Company Reveals: These Two Altcoins May Have Hidden Bullish Signs Analysts from cryptocurrency analysis company Santiment discussed the market following the Bitcoin rally in their latest report. With almost the entire cryptocurrency community expecting the Bitcoin price to exceed $70,000, traders are taking risks with high leverage on speculative cryptocurrencies like memecoins, according to analysts. According to analysts, the mention rates of these memecoins on social media platforms have increased to a 5-month high. However, analysts also touched on an interesting detail. According to the data, layer 2 blockchain altcoins such as Arbitrum and Optimism are ignored by the community and their mention rates have dropped significantly. Santiment said that while speculative cryptocurrencies like memecoins have a bit more upside potential, historical data shows that it pays to look where the cryptocurrency community generally doesn’t focus much. According to analysts, community discussion rates for top memecoins like Dogecoin and Shiba Inu have been on the rise since May, while altcoins like Arbitrum (#ARB ) and Optimism (#OP ) are being ignored, which could be a hidden bullish sign.

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🔥 'Solana Killer' Aptos (APT) Celebrates 1.7 Billion Transaction Milestone Aptos (#APT ) is celebrating two years of operations, and the protocol has outlined several of its achievements during this period. The record of 1.7 billion transactions on the blockchain is among its most profound milestones. Multiple achievements on Aptos blockchain In an X post, the popular “Solana Killer” recounted the last two years while highlighting its goals for its third year. Aptos has accumulated over 27.7 million all-time active addresses in this period, reflecting the network's traction. The peak transactions per second value during this time is 13,367. Happy Birthday, Aptos! In just two years, here's what we have accomplished together - 27.7M all-time active addresses - 1.7B all-time transactions - 326M transactions done in a single day - 250 innovative projects that are #builtdifferent and we’re just getting started — Aptos Additionally, the network saw the number of transactions performed on it rise to about 1.7 billion. It also boasts of a record 326 million transactions performed on the network in a single day. Aptos also celebrated the 250 innovative projects on its blockchain and its 149 validator nodes across 22 countries and 47 cities. Its many integrations with top projects and upgrades were not overlooked either. In Q1, 2023, Aptos expanded its ecosystem to welcome the Lava testnet, designed to boost developers innovating on the chain significantly. The layer-1 protocol launched its non-fungible token (NFT) bridge on Wormhole. One of its most recent collaborations was with dWallet Network, a pioneering native multi-chain technology platform. dWallet's proprietary Zero Trust Protocols (ZTPs) were brought in to advance the interoperability and performance of decentralized finance (DeFi) apps. It also enhances Play-to-Earn applications on the Aptos (APT) blockchain.

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