Altcoins News
By Steven Anderson
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Compression Range Narrows. ChartNerd's watching the same price action but from a different angle.
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Symmetrical Triangle Forms. Egrag Crypto sees a symmetrical triangle on XRP's chart.
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Dark Defender thinks XRP could surge 1,008%. That'd push the token past $10, maybe all the way to $18. The analyst posted his call as XRP hovers around $1.
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The prediction isn't pulled from thin air. Dark Defender sees XRP mirroring its 2021 run, when the token peaked at $1.72 before retreating.
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ChartNerd's watching the same price action but from a different angle. He notes XRP's compression range is tightening, with resistance coming from the weekly 20/55 exponential…
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The narrowing range has caught attention across crypto Twitter. When price compresses like this, something usually breaks—either up or down.
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Bitcoin's recent strength is helping. The largest crypto by market cap hit $82,000 earlier this week, dragging altcoins higher in its wake.
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Egrag Crypto sees a symmetrical triangle on XRP's chart. These patterns often precede dramatic price moves, though they don't tell you which direction. He's identified the $1.
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But Egrag Crypto isn't all bullish. He's cautious about a possible "fake pump" that might trick traders before the real move happens.
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Right now, XRP's trading at roughly $1.41, down slightly over the past 24 hours according to CoinMarketCap data. That's not unusual given how choppy the market's been lately.
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Read also: XRP Holds $1.41 as $25M ETF Inflows Fail to Spark Rally
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The $1.80 to $1.90 zone keeps coming up in analyst commentary. It's where multiple resistance levels converge, making it a natural barrier.
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Dark Defender's $18 target seems ambitious compared to where XRP sits today. That's a 1,008% gain from current levels, which would require sustained buying pressure and probably…
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ChartNerd's emphasis on liquidity hotspots is worth noting. These are price levels where lots of orders cluster, either buy orders below current price or sell orders above.
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The weekly 20/55 EMA resistance is a technical detail that matters more than it sounds. These moving averages smooth out price action over 20 and 55 weeks, and when price sits…
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