💥💥💥 $XRP Targets $0.7231 as #Robinhood Relisting Fuels Triangle Breakout Chances

#Altcoinmarket Pauses as Bitcoin Holds at $58,700: Will XRP Breakout?

- The altcoin market enters a period of consolidation, with Bitcoin stabilizing near $58,700. Among altcoins, XRP is seeing notable shifts, driven by Grayscale's new fund launch and Robinhood's decision to relist the token.

XRP at a Critical Point: Is a Breakout Imminent?

- On the daily chart, XRP's recent price surge met resistance, marking the sixth bearish reversal from the long-standing resistance trendline. On Sunday, XRP dropped 4.38%, erasing Saturday's 4.13% gain, forming a bearish engulfing pattern. Currently, XRP is trading near $0.5728, with an intraday gain of 0.45%, while its 24-hour low sits at $0.5599.

XRP Price Analysis:

- The 50-day EMA supports the current price action, while the 50, 100, and 200-day EMAs are close to aligning bullishly as the recovery gains traction. Additionally, the MACD's bullish crossover and increasing histogram show rising momentum.

Bullish Developments: Robinhood Relists XRP, Grayscale Launches XRP Fund

- XRP's relisting on Robinhood has sparked optimism for a recovery rally. Despite Grayscale's new XRP fund, the token struggles to break its overhead trendline, indicating that news alone may not trigger a breakout.

XRP Price Targets:

- Currently, XRP is trading within a triangle pattern and testing the 50% Fibonacci retracement level at $0.57141. The next upside target is $0.65821, representing the 78.60% Fibonacci level, while downside support is near $0.49128, below the key $0.50 mark at the 23.60% Fibonacci level.

If XRP breaks higher, it could target the 100% Fibonacci level at $0.7231, its highest since March 11. On the downside, maintaining the 200-day EMA at $0.5490 is key to sustaining the uptrend before potentially dropping to trendline support.

Source - thecryptobasic.com

#cryptotrend2024 #BinanceSquareTalks #CryptoNewsCommunity

$DOGS S Breaks Free from the Downtrend! 🔥🚀

Attention $DOGs holders! We’ve officially broken out of the falling wedge, and momentum is picking up fast. With key indicators turning bullish and trading volume on the rise, we’re likely to see a push beyond $0.001101—and maybe even higher!

What’s Driving the Breakout?

Positive momentum: Indicators are pointing up, suggesting the bulls are ready to run.

Increased trading volume: Growing interest means more strength behind the move.

Strong outlook: If momentum holds,

we’re in for a ride! 🔥
Hols tight and watch this space as $DOGs keeps pushing forward. 🚀

#USNonFarmPayrollReport #TON #SahmRule #cryptotrend2024

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🔥🔥🔥 Crypto Prices Today July 12: $BTC Fluxes Near 57K, Altcoins Display Mixed Signals

Crypto Market Update - July 12

The global crypto market cap decreased by 0.49% to $2.12 trillion, with Bitcoin (BTC) fluctuating around $57,000.
Ethereum (ETH) showed positive movement, trading above $3,080, while Solana (SOL) experienced a decline. The global cryptocurrency market volume rose by 9.62% to $68.66 billion.

Top Coin Prices:

1. Bitcoin (BTC): Down 0.58% to $57,069.93, with a 24-hour range of $56,561.06 to $59,387.38. Bitcoin’s dominance fell by 0.17% to 53.27%, amid continued ETF inflows and the German government’s Bitcoin sales.

2. Ethereum (ETH): Up 0.57% to $3,085.66, with 24-hour lows and highs of $3,058.66 and $3,208.94. ETH faces resistance around $3,200.

3. Solana (SOL): Dropped 2.16% to $137.10, with a 24-hour range of $134.20 to $145.33.

4. XRP: Increased 3% to $0.452, with 24-hour lows and highs of $0.4396 and $0.4528.

Meme Coins:

- Dogecoin (DOGE): Fell 0.21% to $0.1061.

-Shiba Inu (SHIB): Decreased 1.18% to $0.00001613.

- Pepe Coin (PEPE): Dropped 2.91% to $0.000008813.

- Bonk (BONK): Saw a significant decline.

Top Gainers:

- MANTRA (OM): +9.25% to $1.07.

- NEAR Protocol (NEAR): +8.66% to $5.02.

- Arweave (AR): +7.30% to $24.39.

- Maker (MKR): +5.20% to $2,398.01.

Top Losers:

- Bonk (BONK): -9.13% to $0.00002334.

- Celestia (TIA): -7.62% to $6.33.

- Render (RNDR): -6.69% to $5.96.

- Brett (BRETT): -5.95% to $0.1113.

BTC and ETH are experiencing market turbulence, with both slipping about 0.50%. The altcoin market shows mixed price actions, suggesting continued volatility.

Source - coingape.com

#BinanceSquareTalks #CryptoMarkets #cryptotrend2024

#FedDecision looms after US gov moves Bitcoin – here’s what to expect

Federal Reserve Interest Rate Decision and Implications for Crypto

The US Federal Reserve will announce its interest rate decision on Wednesday at 2 PM EDT. While a rate cut is not expected, the CME FedWatch tool indicates a 4.1% chance of a rate cut by September, with a 12% to 13.8% chance of a 50 basis point reduction.

Crypto Market Context:

- The US consumer price index (CPI) showed moderate inflation at 3.3% year-on-year in June, boosting the crypto market.

- #Polymarket odds for no rate change in July are at 96%.

Potential Outcomes:

- Rate Hike: Indicates steady economic improvement, which could positively impact crypto.

- Rate Cut: Bullish for crypto as lower rates reduce borrowing costs and encourage investment, weakening fiat currencies and driving interest in alternative assets like crypto.

#bitcoin☀️ is currently trading at around $66,400, experiencing volatility but with a favorable outlook if rate cuts occur in September.

Divergent Central Bank Decisions:

1. Bank of Japan (BOJ): Analysts are divided on whether the BOJ will raise rates from 0%-0.1% or signal an imminent hike.

2. Federal Reserve: Expected to hold rates steady, with markets anticipating a clear signal of a rate cut in September.

3. Bank of England (BOE): Split on whether the BOE will cut rates for the first time in years.

These decisions reflect a broader trend of monetary easing among major economies, potentially benefiting risk assets like Bitcoin in the long term.

Government Actions and Bitcoin:

- The DOJ recently moved $2 billion of seized Bitcoin, coinciding with the Fed’s upcoming decision, raising questions of coordination. A dovish Fed could mitigate any negative impact on Bitcoin from the sale, while a hawkish stance could increase market uncertainties.

Summary:

- The Fed, BOJ, BOE actions, and DOJ's Bitcoin movement create a complex backdrop. Easier global monetary policy could benefit Bitcoin long-term.

Source - cryptobriefing.com

#cryptotrend2024 #BinanceSquareBTC

🚨Bullish update on $BONK

Analyzing the chart/market......what happened previously is likely to repeat again.
With the consolidation that is currently happening, $BONK coin will range and go bullish to the indicated target🔵.

#BonkCoin #cryptotrend2024

💥💥💥 Top Analyst Predicts Massive Bullish Breakout for $XRP Amid Coiling Pattern

XRP's current chart pattern suggests a potential breakout and surge beyond the $20 mark, driven by narrowing trading ranges and converging price movements. This coiling pattern, coupled with declining trading volumes, indicates a probable upward trajectory in the near term.

In addition to technical indicators, experts are optimistic about XRP's future price performance. One analyst forecasts a substantial rise from its current level around $0.50 to a range between $50 and $200. This bullish outlook reflects expectations of significant growth, potentially surpassing previous all-time highs.

Even analysts with a more neutral stance acknowledge XRP's resilience, noting its ability to maintain critical horizontal support levels. This consistency adds credibility to the positive projections for XRP's price movement.

Fundamentally, XRP possesses several strengths that could bolster its value. It enjoys legal clarity as it is recognized as not being a security in the United States. Moreover, its practical applications in real-world scenarios, utilizing advanced #XRPL technology, and partnerships with major financial institutions and corporations, contribute significantly to its appeal. XRP's efficiency in facilitating global fund transfers, strong community backing, and the expertise of Ripple's team further position it as a pivotal player in the financial sector, enhancing its potential for substantial growth.

Source - cryptonewsland.com

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💥💥💥 Kraken Analysts Issue Warning About Bitcoin ($BTC ) Price! "If This Level Is Not Broken, A Big Drop Is Coming!"

Bitcoin has been facing a series of sharp declines since reaching its all-time high (ATH) in March, leaving investors eagerly anticipating a rally that could push BTC to new ATH levels. Kraken analysts have highlighted a crucial point in their latest report: Bitcoin needs to break past $62,000 to avoid another drop to the $49,000 range.

According to Kraken, Bitcoin is at a pivotal juncture, and surpassing the $62,000 resistance is essential to prevent a potential slide back to $49,000. The analysts stated, "The $62,000 resistance level is critical because failing to break it could indicate a deeper correction. Bitcoin's current price action suggests a corrective pattern rather than a strong rally. Therefore, BTC must clear the $62,000 mark to avoid another sharp decline."

As a reminder, Bitcoin dipped below $50,000 on August 5, a day dubbed "Crypto Black Monday," falling to $49,842—its lowest level since February.

Currently, Bitcoin is trading around $61,240, struggling to break the $62,000 resistance since August 9.

*This information is not investment advice.

Source - en.bitcoinsistemi.com

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