Tag

Priceaction

All articles tagged with #priceaction

cryptocurrency1 year ago

XRP's Market Moves: Whale Activity and Price Predictions

A crypto expert has predicted that XRP, Ripple's native token, could reach a conservative target of $8.40, with an optimistic target of $48.12, following a breakout from a multi-year symmetrical triangle pattern. CoinPedia's technical analysis supports a bullish outlook, suggesting a potential surge to $4.20 if XRP breaks above $2.65. The Relative Strength Index indicates room for growth, and rising open interest suggests increased trader participation. Currently, XRP is trading at $2.58, with a recent 3.10% price gain.

cryptocurrency1 year ago

Wormhole [W] Surge: Sustainable Growth or Temporary Hype?

Wormhole [W] surged 11.45% after breaking out of a descending channel, reaching $0.35 with increased trading volume. Despite bullish momentum, overbought conditions and mixed on-chain signals suggest a potential short-term pullback. The key resistance at $0.38 will determine if the rally is sustainable. While Open Interest is rising, indicating trader confidence, caution is advised due to bearish signals and declining social volume.