In recent days, #XRP has faced a decline in line with the broader cryptocurrency market. Despite this dip, XRP has successfully held its critical support levels, signaling a potential rebound.
The $2.20 mark has emerged as a pivotal level to watch for XRP. Noted crypto analyst Ali Martinez has pointed out that XRP's next big move could hinge on this key milestone.
Key Levels: $2.20 Support and $2.70 Resistance
Since December 17, Bitcoin's decline below key support levels has triggered significant price corrections across the crypto space. XRP followed suit, dropping from $2.708 on December 17 to $1.98 by December 20—a sharp 27% drop in just three days.
However, XRP managed to recover, stabilizing near $2. As of now, it hovers around $2.20, marking a 7% weekly decline.
What Lies Ahead for XRP?
Ali Martinez has outlined two potential scenarios for XRP based on its performance around the $2.20 mark:
1. Bullish Scenario: If XRP maintains support above $2.20, it could enter a consolidation phase before attempting another push toward the $2.70 resistance level. A breakout above $2.70 could generate strong upward momentum, potentially driving the price beyond $3—a level XRP hasn’t reached in years.
2. Bearish Scenario: If XRP fails to hold $2.20, the token could slip below $1.96, likely attracting new buyers to stabilize the price.
Whale Activity and On-Chain Insights
On-chain data from Santiment suggests that whales remain bullish on XRP, even during this downturn. Addresses holding between 1 million and 10 million XRP tokens have accumulated an additional 80 million XRP since December 17. This aggressive buying hints at confidence in XRP's long-term potential and could help cushion further declines below $2.
Elliott Wave Analysis Signals Optimism
Elliott wave analysis also supports the bullish outlook. The recent drop below $2 is likely the conclusion of a corrective second wave. If this pattern holds, the start of a bullish third wave could be imminent, driving prices higher.
Final Thoughts
As XRP navigates this critical $2.20 level, market participants are closely watching for signs of consolidation or a breakout. With whale accumulation and technical indicators aligning for a potential recovery, XRP could soon challenge new highs.
#Ripple #MarketRecovery #BTCOutlook: #CryptoTrends $XRP
$ETH $BTC

PNUT/USDT: Is This Meme Coin the Hidden Gem of 2024?
Introduction
In the ever-evolving world of cryptocurrency, some coins rise above the noise to capture the market's attention. PNUT/USDT is one of those under-the-radar pairs generating buzz. Backed by an active community and the Solana blockchain, PNUT might just surprise everyone. Let’s explore what makes it special, its recent performance, and why you should keep an eye on it.
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Why PNUT/USDT is Unique
1. Viral Potential:
PNUT, also known as Peanut the Squirrel, is not just another meme coin. It thrives on community-driven momentum, social media trends, and a playful brand that resonates with a new generation of crypto enthusiasts.
2. Efficiency & Scalability:
Built on the Solana blockchain, PNUT benefits from low fees and high-speed transactions, making it an attractive option for investors and traders alike.
3. Community-Driven Growth:
PNUT's vibrant community consistently drives engagement, fueling market movements and increasing demand for the token.
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Recent Market Insights
Current Price: PNUT/USDT is trading at $0.7463, holding strong amidst market fluctuations.
Support & Resistance Levels:
• Support: $0.7460 (immediate), $0.7450 (major support).
• Resistance: $0.7480, with potential to reach $0.7500.
Technical Indicators:
• Volume Surges: Recent spikes indicate growing interest from investors.
• Moving Averages: PNUT is trending positively, with potential for a bullish breakout if momentum continues.
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The Future Outlook
1. Mass Adoption:
As meme coins gain mainstream recognition, PNUT is poised to attract more investors looking for the next Dogecoin-like breakout.
2. Market Sentiment:
Increasing trading volumes and endorsements suggest growing confidence in PNUT’s potential.
3. Strategic Growth:
Ongoing developments within the Solana ecosystem could boost PNUT’s use case and market value.
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Strategies for Traders
• For Short-Term Traders: Look for a breakout above $0.7480 to capitalize on quick gains.
• For Long-Term Investors: Dollar-cost averaging (DCA) can help mitigate risk while taking advantage of future growth potential.
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Conclusion
PNUT/USDT offers a mix of fun and potential profitability, making it an exciting option in today’s market. Whether you’re an experienced trader or new to the crypto space, keeping an eye on PNUT could lead to rewarding opportunities.
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📊 Are you ready to explore the possibilities with PNUT/USDT? Let us know your thoughts and strategies in the comments below! 🚀
#CryptoTrading #PNUT #BTCNextMove #CryptoTrends #Binance $PNUT

According to analyst Benjamin Cowan, Ethereum will rise against Bitcoin.

According to Cowen, ETH/BTC will rise in early 2025, regardless of how the #cryptocurrency behaves against the U. S. dollar.
BREAK Think about this: historically, ETH/BTC bottoms out in December or January.
It's December 22nd. What I think: #ETH will probably remain weak against #bitcoin for the rest of the year. That doesn't mean it won't have a green week. But it will likely remain weak for the rest of the year - possibly into early January. And regardless of the direction of BTC/USD, we expect ETH/BTC to start rising in 2025.
Cowan also notes that based on past market cycles, 2025 should be a good year for ETH/BTC in terms of quarterly returns. LINE
But what do you notice in 2021, ETH/BTC in the green that you noticed in 2017? At least ETH/BTC was green in the first half and red in the second half, but then it went back to green in 2018.
Read us at: Compass Investments
#CryptoTrends #CompassInvestments