XRP Wave 4 Bounce Gains Steam — Final Shakeout Still Ahead?
XRP is showing strength in its Wave 4 bounce following last week’s sharp sell-off. While short-term momentum is building, the larger downtrend hasn’t been broken yet, leaving the possibility of one final push lower before a true recovery can take hold. Wave 4 Relief Bounce Unfolds After Brutal Capitulation XRP is currently moving through a Wave 4 relief phase after last Thursday’s aggressive sell-off. According to CasiTrades, the intensity of that drop with RSI hitting multi-year lows suggests capitulation likely took place. However, it also raises the probability that the broader....
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XRP is showing signs of hesitation after a strong rebound, struggling to push past key resistance levels. The recent price action fits neatly within an Elliott Wave pattern, suggesting the market may be entering its final consolidation phase before the next major move unfolds. Market Pauses After The Storm CasiTrades, in a recent market update, explained that following last Friday’s sharp wipeout, prices managed to rebound impressively, but that momentum now appears to be losing steam. According to the analyst, such pauses are natural after strong moves. In Elliott Wave Theory (EWT), this....
XRP hovers at a key resistance, signaling a crucial decision point. With momentum building, traders now wonder, will one final dip come before the next major breakout? XRP Faces A Crucial Decision Zone Amid Ongoing Range CasiTrades, in a recent market update, highlighted that XRP continues to range within a critical zone, keeping its setup for a potential final wave down valid. The analyst noted that the price remains at a key decision point, with ongoing tests of the Wave 4 highs acting as a firm ceiling against further upside movement. Related Reading: Boom Incoming? XRP’s Market Setup....
Bitcoin’s latest bounce off a support level at $110,000 has coincided with a technical observation shared by crypto analyst CrypFlow, who highlighted a shakeout pattern that’s currently playing out, which has always preceded the strongest legs of Bitcoin’s bull runs. According to the analyst, the ongoing shakeout pattern setup may be laying the foundation for another rally that could take Bitcoin above its all-time high and beyond $130,000. The Anatomy Of Bitcoin’s Shakeout Pattern Bitcoin’s price action in the past 24 hours has been highlighted by intense volatility,....
The Bitcoin market has seen some consolidation since Monday, maintaining a price above the $56,000 mark after a brief drop from $65,000 to around $52,600 last Friday. However, one analyst suggests that the bearish sentiment may still be ongoing, with expectations of a potential revisit to lower levels before a significant upward movement. BTC’s Future Price Action In Focus Crypto analysts known as “VirtualBacon” on X (formerly Twitter) have raised concerns about an impending “huge Bitcoin shakeout.” In the coming 2-3 weeks, the analyst explains that Bitcoin could experience one last....
Cardano (ADA) has maintained a relatively steady upward trend over the past few weeks. Although the cryptocurrency was rejected at the $0.84 price level again last week, the current price action is still holding strong with only a minor drop in the past 24 hours. However, technical analysis deeply rooted in Elliott Wave theory now suggest a steep price decline could be looming for ADA, with a price target pointing as low as $0.42 in the weeks ahead. Bearish Elliott Wave Count Says Wave C Breakdown Ahead According to the Elliott Wave count presented in a technical analysis on TradingView,....