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XRP Holds The Line As Bulls Eye $3.40 â Can 20-Month EMA Power Next Breakout?
XRP continues to defend key support levels as bullish momentum builds beneath the surface. Traders are watching closely as the price hovers above the rising 20-month EMA, a crucial line that could determine whether the next leg higher unfolds. XRP Maintains Bullish Structure Above $1.75 Support Providing an update on the XRP chart, More Crypto Online highlighted that the situation remains largely unchanged, with price action still developing within a broader bullish structure. The analyst emphasized that the ongoing movement continues to follow a pattern of three-wave pullbacks, suggesting that the uptrend remains intact as long as XRP holds above the critical $1.75 support level. Related Reading: Massive XRP Rally Ahead? Bold Forecast Calls For $100 Before 2030 According to his analysis, as long as buyers continue to defend this zone, the structure points toward an eventual continuation of the upward trend. The repeated three-wave corrections indicate that the market may still be in a controlled consolidation phase rather than a reversal. However, the analyst highlighted that a confirmed breakout has yet to occur. The key resistance zone between $2.69 and $2.84 continues to act as a ceiling, limiting XRPâs upward momentum. Until the price breaks above this range decisively, the broader market will likely remain in a phase of consolidation and uncertainty. More Crypto Online added that a five-wave breakout above the $2.84 level could signal renewed strength and open the door to higher targets. The next major objective in that case would be around $3.40, which could serve as a staging point for another push toward the $5 region. XRPâs 20-Month EMA Emerges As The Line Between Strength and Struggle In an XRP post, ChartNerd pointed out that the 20-month Exponential Moving Average (EMA) is positioned around $1.94 and is gradually climbing. This long-term moving average has historically served as a strong indicator of trend direction, and its current trajectory suggests that the broader bullish structure could still be intact. Related Reading: XRP Price Gains Traction â Buyers Pile In Ahead Of Key Technical Breakout ChartNerd emphasized that turning the 20-month EMA into solid support would be a significant confirmation of continued upside momentum, paving the way for XRP to push toward higher resistance zones in the coming sessions. The analyst remains optimistic that the EMA will act as a reliable foundation for further gains. However, ChartNerd also cautioned that a decisive drop below the $1.94 EMA could weaken the bullish outlook, triggering a deeper retracement. Still, he noted that âthe boat is yet to raise its sails,â implying that XRPâs next major move has yet to unfold, and patience may be key as traders await confirmation of the next trend direction. Featured image from Adobe Stock, chart from Tradingview.com
Why The Bitcoin Price Crash Is Important If Wave 5 Corrects To $94,000
The recent Bitcoin price crash is not just another dip in the market, according to analysts; it could be one of the most critical phases for its long-term bullish structure in this cycle. Crypto market expert Tara has emphasized that this ongoing retracement sets the foundation for Bitcoinâs next major bottom. Her analysis points to a potential Wave 5 correction that could drive the BTC price as low as $94,000 before the next major bullish trend begins. Bitcoin Price Eyes Recovery After Wave 5 Retracement In a technical analysis shared on X social media, Tara disclosed that Bitcoinâs latest price correction âis probably one of the most important retraces it will have in a long time.â She views the decline as an essential process that prepares the leading cryptocurrency for a strong rebound in the future. Based on her Elliott Wave analysis, there are only two waves left before the broader market shift begins. Related Reading: Analystâs Full Market Breakdown Shows Why Bitcoin Price Is Headed For $120,000 The analyst notes that the primary reason the Bitcoin price crash is important is that it allows the Relative Strength Index (RSI) to recover, creating ideal conditions for a Bullish Divergence. Subsequently, this divergence could establish a solid bottom for BTC, which is a critical signal for the start of a renewed uptrend. In her chart, Tara identifies a key Fibonacci Retracement zone between $103,400 and $104,900 as the resistance range for its current wave. The 0.382 Fib level is located near $103,478, where the Bitcoin price intersects with the Moving Average (MA), while the 0.5 Fib level aligns with $104,943. The analyst notes that this range could act as a crucial pivot zone before BTC resumes its correction in the final Wave 5 down to $94,000. Additionally, the chart shows that Bitcoin is currently retracing from a previous low near the 0.618 Fibonacci Extension around $103,755.79. Trading volume has also declined by over 48% in the past 24 hours, while RSI remains weak at 33.96, signaling that the market is still oversold. Why The Path To $94,000 Matters For The Next Bull Cycle In responding to questions from crypto community members under her X post, Tara clarified that Bitcoin could first rise to $104,000, representing a 0.97% increase from current levels above $103,000, before crashing 9.6% to $94,000. She expects a price bottom to occur quickly and soon, whereas it may take longer for Bitcoin to build solid support before reversing into a new bullish phase. Related Reading: Hereâs What Happened The Last Time The Bitcoin Price Closed October In The Red Tara stated that the ongoing retracement could peak around the day of her analysis, but the bottom might take a few more days to form. Despite the anticipated âpain,â she reassured market watchers that the correction is necessary for Bitcoinâs next leg higher. She also emphasized that the market may not feel bullish until mid-December 2025. Featured image from Pixabay, chart from Tradingview.com
XRP Holds The Line As Bulls Eye $3.40 â Can 20-Month EMA Power Next Breakout?
XRP continues to defend key support levels as bullish momentum builds beneath the surface. Traders are watching closely as the price hovers above the rising 20-month EMA, a crucial line that could determine whether the next leg higher unfolds. XRP Maintains Bullish Structure Above $1.75 Support Providing an update on the XRP chart, More Crypto Online highlighted that the situation remains largely unchanged, with price action still developing within a broader bullish structure. The analyst emphasized that the ongoing movement continues to follow a pattern of three-wave pullbacks, suggesting that the uptrend remains intact as long as XRP holds above the critical $1.75 support level. Related Reading: Massive XRP Rally Ahead? Bold Forecast Calls For $100 Before 2030 According to his analysis, as long as buyers continue to defend this zone, the structure points toward an eventual continuation of the upward trend. The repeated three-wave corrections indicate that the market may still be in a controlled consolidation phase rather than a reversal. However, the analyst highlighted that a confirmed breakout has yet to occur. The key resistance zone between $2.69 and $2.84 continues to act as a ceiling, limiting XRPâs upward momentum. Until the price breaks above this range decisively, the broader market will likely remain in a phase of consolidation and uncertainty. More Crypto Online added that a five-wave breakout above the $2.84 level could signal renewed strength and open the door to higher targets. The next major objective in that case would be around $3.40, which could serve as a staging point for another push toward the $5 region. XRPâs 20-Month EMA Emerges As The Line Between Strength and Struggle In an XRP post, ChartNerd pointed out that the 20-month Exponential Moving Average (EMA) is positioned around $1.94 and is gradually climbing. This long-term moving average has historically served as a strong indicator of trend direction, and its current trajectory suggests that the broader bullish structure could still be intact. Related Reading: XRP Price Gains Traction â Buyers Pile In Ahead Of Key Technical Breakout ChartNerd emphasized that turning the 20-month EMA into solid support would be a significant confirmation of continued upside momentum, paving the way for XRP to push toward higher resistance zones in the coming sessions. The analyst remains optimistic that the EMA will act as a reliable foundation for further gains. However, ChartNerd also cautioned that a decisive drop below the $1.94 EMA could weaken the bullish outlook, triggering a deeper retracement. Still, he noted that âthe boat is yet to raise its sails,â implying that XRPâs next major move has yet to unfold, and patience may be key as traders await confirmation of the next trend direction. Featured image from Adobe Stock, chart from Tradingview.com
Why The Bitcoin Price Crash Is Important If Wave 5 Corrects To $94,000
The recent Bitcoin price crash is not just another dip in the market, according to analysts; it could be one of the most critical phases for its long-term bullish structure in this cycle. Crypto market expert Tara has emphasized that this ongoing retracement sets the foundation for Bitcoinâs next major bottom. Her analysis points to a potential Wave 5 correction that could drive the BTC price as low as $94,000 before the next major bullish trend begins. Bitcoin Price Eyes Recovery After Wave 5 Retracement In a technical analysis shared on X social media, Tara disclosed that Bitcoinâs latest price correction âis probably one of the most important retraces it will have in a long time.â She views the decline as an essential process that prepares the leading cryptocurrency for a strong rebound in the future. Based on her Elliott Wave analysis, there are only two waves left before the broader market shift begins. Related Reading: Analystâs Full Market Breakdown Shows Why Bitcoin Price Is Headed For $120,000 The analyst notes that the primary reason the Bitcoin price crash is important is that it allows the Relative Strength Index (RSI) to recover, creating ideal conditions for a Bullish Divergence. Subsequently, this divergence could establish a solid bottom for BTC, which is a critical signal for the start of a renewed uptrend. In her chart, Tara identifies a key Fibonacci Retracement zone between $103,400 and $104,900 as the resistance range for its current wave. The 0.382 Fib level is located near $103,478, where the Bitcoin price intersects with the Moving Average (MA), while the 0.5 Fib level aligns with $104,943. The analyst notes that this range could act as a crucial pivot zone before BTC resumes its correction in the final Wave 5 down to $94,000. Additionally, the chart shows that Bitcoin is currently retracing from a previous low near the 0.618 Fibonacci Extension around $103,755.79. Trading volume has also declined by over 48% in the past 24 hours, while RSI remains weak at 33.96, signaling that the market is still oversold. Why The Path To $94,000 Matters For The Next Bull Cycle In responding to questions from crypto community members under her X post, Tara clarified that Bitcoin could first rise to $104,000, representing a 0.97% increase from current levels above $103,000, before crashing 9.6% to $94,000. She expects a price bottom to occur quickly and soon, whereas it may take longer for Bitcoin to build solid support before reversing into a new bullish phase. Related Reading: Hereâs What Happened The Last Time The Bitcoin Price Closed October In The Red Tara stated that the ongoing retracement could peak around the day of her analysis, but the bottom might take a few more days to form. Despite the anticipated âpain,â she reassured market watchers that the correction is necessary for Bitcoinâs next leg higher. She also emphasized that the market may not feel bullish until mid-December 2025. Featured image from Pixabay, chart from Tradingview.com