All articles tagged with #bullish rally
Experts predict a potential bullish rally for XRP, with price targets around $3, contingent on key support levels and market dynamics. Analysts like Altstreet Bet and MichaelXBT suggest an impending breakout, while Casi Trades outlines two scenarios: a bullish wave to $3.74 if support holds, or a correction to $1.94-$2.04 before a rise to $3.50. The focus is on crucial price levels between $3.50 and $3.74 for future movements.
XRP is approaching the critical $2 mark, a significant resistance level from the 2021 bull cycle, with analysts predicting a rise to $2.13 before a potential correction. The token has surged over 50% this week, driven by strong demand and bullish sentiment. Analyst Dark Defender highlights key resistance levels and suggests that a breakout above $2.13 could lead to new multi-year highs, while failure to maintain momentum might result in short-term volatility. XRP's performance positions it as a closely watched asset in the crypto market.
Natural gas experienced a breakout rally, surging to a 78.6% Fibonacci retracement and reaching a high of 3.39, indicating a potential shift in bearish trends. The bullish price action suggests a possible failure of the previous bearish flag breakdown, with a 49.8% increase in price over 17 days. However, signs of resistance at the current high may lead to a short-term pullback, possibly testing support levels at the 38.2% Fibonacci retracement and the 50-Day MA.