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XRP may rise to $2 as on-chain measures show optimistic enthusiasm Ripple's XRP exchange reserve drop and open interest rise indicate investor optimism. XRP's projected leverage ratio indicates significant leverage risk, and peaks frequently cause a correction. XRP might reach $1.96 if the rounded bottom pattern holds. On Wednesday, Ripple's XRP remains the highest-performing cryptocurrency in the top 20 by market value, with a 50% weekly increase to $1.11. As strong sentiment persists, on-chain statistics and technical patterns suggest the remittance-based coin might surge to $1.96. XRP's on-chain data shows massive bullish momentum. The biggest XRP reserve, Korean exchange Upbit, had approximately 250 million XRP token withdrawals in the previous week, according to CryptoQuant. The data below shows Upbit's XRP reserve at 6.3 billion XRP, a four-month low due to withdrawals. Binance's XRP reserve started falling after peaking on November 12. A decline in an asset's exchange reserve suggests increased purchasing pressure, which may raise prices. According to Coinglass data, XRP's futures open interest reached an all-time high of $1.98 billion on Sunday before settling at $1.84 billion in the early Asian session on Wednesday, indicating optimistic optimism. Derivatives market open interest is the number of contracts outstanding. XRP's estimated leverage ratio (ELR) suggests investors anticipate the rally to continue. The ratio rose to 0.17 on Saturday, its highest level since January. Technical analysis: XRP may surge again if rounded bottom pattern holds. XRP soars over $1.10 following $9.62 million in futures liquidations. Long and short liquidations were $6.23 million and $3.38 million. After a 100% spike in two weeks, XRP is nearing a rounded bottom on the weekly chart. XRP might climb to $1.96 if it maintains a prolonged advance over its three-year barrier of $1.35. XRP will reach $2 for the first time in six years if it breaks this obstacle. #XRP #Ripple $XRP
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Crypto Analyst: Bitcoin Price Forms Bullish Symmetrical Triangle, Next Stop $100,000 Bitcoin prices have created a bullish symmetrical triangle formation, a technical signal of rising momentum. After the Bitcoin price achieved an all-time high of $93,477 on November 14, this pattern development has occurred between $93,477 and $85,970. This bullish symmetrical triangle was seen on social media by crypto analyst Stockmoney Lizards, who developed the Satoshimeter indicator. Symmetrical Triangle Indicates Bitcoin Price Breakout A symmetrical triangle forms when a descending resistance line and an ascending support line merge, signifying consolidation. As the price reaches the top of this pattern, it usually breaks out in the trend. For the previous week, Bitcoin's daily candlestick price movement has been lower highs and higher lows. This structure has tightened the Bitcoin price range, which will break out in either direction. Bitcoin's rise predicts a breakthrough over the symmetrical triangle's top trendline, slightly around $91,000. Analysts need a trading volume surge and two consecutive closes above the trendline to validate a breakthrough. The Stockmoney Lizards said, “The current setup suggests a potential breakout to the next level. All sights on 100k. Retail investors will destroy the confectionery shop and the fun begins.” If verified, such a breakthrough may push Bitcoin beyond $100,000, triggering a flood of inflows into other cryptocurrencies. Bitcoin's Next Goal: $100,000 Since the bull cycle began, Bitcoin fans and experts have focused on $100,000. Since Bitcoin went over its March high of $73,737 earlier this month, demands for a $100,000 price goal have increased. In the previous 24 hours, Bitcoin has hit $92,653 and is now at $91,770. After Stockmoney Lizards' technical analysis, it broke out of the symmetrical triangle. Interestingly, the analyst updated his research to note this breakthrough. #BTC93KNewATH #BitcoinETFOptions #BitcoinStrategy $BTC
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Which type of articles do you prefer on my BinanceSquare feed? Your opinion matters! Let me know what you would like to see more: 1️⃣ Informative articles: Covering trending topics and providing detailed explanations. 2️⃣ Cryptocurrency analysis: Insights, predictions, and in-depth market reviews. 👉 Cast your vote below and shape the content! #BTC93KNewATH #MEMEalpha #BitcoinStrategy
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A US Bitcoin Reserve, Says Expert, Will Drive Price Over $1 Million
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Bitcoin, Ethereum, Ripple: BTC peaks above $93,900 Bitcoin hits a new high of $93,900 on Tuesday, indicating an uptrend. Ethereum is retreating toward $3000, its crucial support level. Resistance at $1.13 suggests a short-term pullback for ripple price. Bitcoin (BTC) hit a record $93,900 on Tuesday, indicating a move toward $100K. However, Ethereum (ETH) and Ripple (XRP) displayed weakness and predicted a decline at important resistance levels. Bitcoin bulls want $100K. Bitcoin hit $93,905 on Tuesday, a record high. Wednesday's trading price is $91,900, down marginally. BTC might climb above $100,000, a psychological milestone, if it continues. BTC might fall to roughly $85,000 (November 12 low) if it breaks $87,000. A successful closing below this level might precipitate a sell-off to $78,800 (the 141.4% Fibonacci extension from July's high of $70,079 to August's low of $49,000). Ethereum will fall if it closes below $3,000. Ethereum price declined more than 7.8% until Tuesday after facing resistance around the weekly level of $3,454 on November 12. On Wednesday, it keeps falling near $3,100, reaching the psychologically critical $3,000. If ETH falls below $3,000, it may retest its 200-day Exponential Moving Average of $2,806. ETH will climb to retest its psychologically crucial $4,000 barrier if it breaks and closes above weekly resistance at $3,454. With rejection near $1.13, Ripple price will fall. After numerous rejections around $1.13 since Sunday, Ripple price fell little till Tuesday. Even Wednesday, it trades around $1.08. Suppose XRP falls below $1.13. Retesting $0.938 support might prolong the drop. If XRP closes over $1.13, it will climb to $1.37, its daily barrier level. #BTC93KNewATH #XRP #ETH $BTC
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