🚀 Ripple (XRP) & Cardano (ADA): On the Verge of Breakout! 🌟
💹 XRP Price Nears Key Trendline
$XRP (XRP/USDT) is sitting just beneath the descending trendline, forming a series of lower highs. If the bulls 🐂 manage to push the price above the trendline with confirmation, get ready for an exhilarating rally! 🎯
Target Levels:
$2.51
$2.68
$2.90 (local high)
However, if the price faces rejection here, watch out for these support levels:
$2.28 (0.382 Fibonacci)
$1.96 (major support)
⚠️ Bulls Beware: Failure to break out could lead to a descending triangle pattern, so a breakout is crucial!
🔑 Major Horizontal Support
On the weekly chart, xrp is supported by a key horizontal level that dates back to April 2021. If it turns up, the stage is set for the bulls to charge forward! 🚀
📈 ADA Breaking Out Now
ADA (ADA/USDT) is battling a major resistance level at $0.00001125. Bulls and bears 🐂🐻 are in a tug-of-war, but momentum favors the bulls with the Stochastic RSI showing room for upward movement.
🎯 Key Resistance Levels:
First: $0.00001125 (in progress)
Second: $0.00001585 (critical for trend reversal)
If bulls succeed in conquering these levels, ADA could shift from bearish to bullish! 🌟
🕵️♂️ The Bigger Picture
Zooming out to the weekly timeframe, ADA still faces a challenging downtrend. But there’s hope! The Stochastic RSI is crossing up, signaling bullish momentum 📊. If this continues, the bulls may have what it takes to challenge major resistances and potentially reverse the trend.
💡 Final Thoughts:
Both xrp and ADA are at critical junctures. A breakout could lead to significant upside 📈, but key resistances need to be conquered. Stay vigilant and watch the charts closely!
⚠️ Disclaimer:
This content is for informational purposes only and is not financial or investment advice. Always DYOR (Do Your Own Research)! 🧐
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