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Ethereum Analysis: Is a Trump Pump on the Horizon? 🚀🇺🇸

Ethereum is currently trading at 3,170.97, showing signs of recovery from recent lows. But with just 5 days until Trump’s return to the White House on January 20th, could we see a major pump across the crypto market? Let’s dive into the charts and what you can do to prepare.

🔍 Key Technical Insights

1. Support and Resistance
- Support: $ETH bounced off 2,920, proving this as a strong buy zone.
- Resistance: The 3,339 level is the critical barrier ETH needs to smash for a bullish breakout.

2. Moving Averages (MA)
- The 7-day MA (3,140.86) is trending upwards, signaling short-term bullish momentum.
- The 99-day MA (3,231.26) still acts as resistance. Breaking this could open doors to 3,500 and beyond.

3. RSI (Relative Strength Index)
- RSI at 57.20 suggests ETH has more room to climb before hitting overbought levels.

4. MACD Momentum
- MACD’s upward crossover hints at growing bullish momentum. Could this be the calm before a massive rally?

5. Volume Spike
- Buyers are stepping in strong near 2,920, as seen by the recent volume surge.

🛠️ Strategy for the Next 5 Days

Scenario 1: Breakout Before the Trump Era
- If ETH breaks 3,339, the next targets are:
- 3,500 for a short-term rally.
- 3,700-3,900 if market sentiment strengthens.

Scenario 2: Dip Opportunity
- If ETH retraces to 2,920, use this as a key accumulation zone ahead of potential market-wide excitement post-January 20th.

💰 Example Profit Plan
Let’s say you invest 1,000 now:
- If ETH hits 3,500, that’s a 10.4% gain = 1,104.
- If ETH reaches 3,900, that’s a 22.9% gain = 1,229.

🏁 Final Thoughts
With the market speculating on a Trump-driven crypto surge, now is the time to stay sharp. ETH’s current price levels could be the calm before a storm. Use the next 5 days wisely: plan your buys, set your targets, and don’t let emotions cloud your judgment.

What’s your move—buying the dip or waiting for the breakout?

$XRP
{future}(XRPUSDT)

{spot}(XRPUSDT)
XRP is never been looking this good forever since I am watching it 2017 or so, However this year lots of fresh and old investors are lining up to buy XRP at still penny stock prices, If ripple manage to keep things interesting it might be a good contender to SWIFT, however I think SWIFT is not in the position to contest superiority, but instead to facilitated cross chain payments from all sources, so if we hear news from SWIFT wanting to add BTC, ETH, XRP (specially) it will be the signal to go long on XRP.
I am calculating XRP to around $25 for this bull run, it will require an insane of market cap but I think is possible.
The targets to watch out for is 1.70 (must buy more bags if it goes low again)
for the mid term $8-$9 with a chance to correct to $4
and for the long term $20-25 and beyond.

XRP's breakout above $2.75 could lead to a surge toward $3.75, with $1.63 as a downside risk if support breaks.

The symmetrical triangle pattern signals a major price move for XRP, with key levels at $2.75 and $2.07 driving the next trend.

Traders are closely watching XRP’s price action as it nears the apex, with breakout targets around $3.55-$3.77 or a dip toward $1.63.

Analysts anticipate a breakout because of XRP's symmetrical triangular structure, which has recently brought it close to a price zone. The $2.75 level stands out as a key breakout point. If XRP sustains above this level, it could surge toward higher targets, potentially reaching $3.75 and beyond. However, a breakdown below the key support level at $2.0700 might push XRP towards downside targets near $1.6336. Consequently, traders are closely watching the price action for any signs of confirmation.

Symmetrical Triangle Analysis and Key Levels

A symmetrical triangle pattern, a traditional chart structure signifying consolidation, has been established by the price action of XRP/USD. The converging trendlines of the symmetrical triangle point to a time when prices will be tightening. 

Source: Egrag crypto

As the price approaches the apex, traders expect a breakout that could define the next major price move. The critical resistance level for XRP is set at $2.7500, marked by the green horizontal line. A breakout above this level could lead to an upside target of $3.55, and possibly $3.77, depending on market momentum.

Support levels are equally important. The yellow zone highlights a critical support area at $2.0700, where price action may reverse if it holds. If the support breaks, a downward move toward $1.6336 or $1.6400 is likely. Therefore, XRP’s future price direction hinges on whether it can maintain its position above key levels like $2.7500. Traders are awaiting confirmation from volume levels and price action to signal the breakout’s direction.

Timing and Projected Movements

The symmetrical triangle's apex is approaching, and key dates, including January 16 and January 31, 2025, could trigger price movements. These intervals coincide with critical levels in the triangle, adding further importance to these dates for traders. Additionally, as XRP moves toward the breakout zone, it’s essential to track both support and resistance levels closely. A failure to hold above $2.0700 could lead to a bearish continuation, while an upward break above $2.7500 could signal a strong bullish trend.

The post XRP Price Set for Major Breakout: Will $2.75 Hold for a Surge to $3.75? appeared first on Cryptonewsland.

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