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XRP ‘just days’ away from all-time high breakout, according to analyst

As XRP’s price attempts a short-term recovery, the token’s technical setup suggests a breakout to a new all-time high backed by massive whale accumulation might be imminent. With XRP holding steady above the crucial $2 support zone, the asset is consolidating near the 0.786 Fibonacci retracement level, a zone commonly associated with bullish trend reversals, according to an analysis by The Great Mattsby in an X post on January 10. In this case, a breakout above the 0.886 Fibonacci level at $2.36 could serve as a launchpad for XRP to surge toward its all-time high. The analysis highlighted XRP’s current strength, which remains above the Ichimoku Cloud, a key indicator that signals a bullish trend. The cloud acts as a support zone, helping to cushion XRP against potential downward price movements. XRP price analysis chart. Source: TradingView/The Great Mattsby Additionally, XRP is trading above the Conversion Line ($2.33) and Base Line ($2.31), reinforcing the strong upward momentum and overall trend stability. The Conversion Line represents short-term price momentum, while the Base Line indicates longer-term price equilibrium, supporting a bullish outlook when the price is above them. Regarding the next price movement, the trading expert noted that XRP might briefly revisit the upper boundary of the Ichimoku Cloud around $2.35 before making its decisive move upward. Should the price break above $2.36, it could ignite a rapid rally to new all-time highs, which he believes might be just days away. “This daily chart suggests that $XRP might just be weeks, if not days away from a breakout towards all-time highs,” the analyst stated. XRP’s price path to $3 Meanwhile, the bullish outlook is also shared by another cryptocurrency trading analyst, pseudonymously known as Captain Faibik , who, in an X post on January 11, suggested that the Ripple -affiliated token might target $3.66. XRP price analysis chart. Source: TradingView/Captain Faibik This optimism is backed by the fact that XRP has broken out of a descending channel, signaling a bullish shift in momentum. The breakout follows weeks of consolidation just above the $2 mark, with XRP now trading near the channel’s upper boundary. Similarly, on-chain data could offer hints about what’s next for XRP. Specifically, data shared by prominent analyst Ali Martinez on January 10 noted that XRP whales have been on a significant buying spree, accumulating approximately 1 billion tokens in just 48 hours. XRP whale transactions. Source: Santiment/Ali_charts Historically, such accumulation often signals increased confidence in an asset and has frequently preceded major price breakouts. It’s worth noting that XRP has previously struggled to breach the $3 resistance zone despite breaking out of a prolonged consolidation period below $1. This earlier move was spurred by optimism about Donald Trump’s election and his perceived positive impact on the cryptocurrency space. To this end, market players believe XRP could extend gains under the Trump administration amid anticipation of crypto-friendly policies and regulators that might lead to more use cases for XRP through its parent company, Ripple. For instance, Ripple’s ability to power transactions could find more applications after David Stryzewski, CEO of Sound Planning Group, claimed that Bank of America (NYSE: BAC ) had been using XRP for 100% of its internal transactions. XRP price analysis At the time of reporting, XRP was trading at $2.36, having rallied by almost 2% in the past 24 hours. Notably, the token has been weighed down by the general bearish cryptocurrency market sentiment on the weekly chart, plunging 3.5% over the same timeframe. XRP price analysis chart. Source: Finbold As things stand, XRP exhibits a bullish bias, considering the asset shows moderate volatility at 5.20% and remains above the 50-day simple moving average ( SMA ) of $2.14. This bias extends to the long-term outlook, as the value remains well above the 200-day SMA of $0.96. The 14-day Relative Strength Index ( RSI ) sits at 54.46, indicating neutral momentum. However, XRP could face some volatility in the coming weeks as Ripple plans another periodic unlock of the asset , with almost $700 million worth of XRP set to hit the market in January. Featured image from Shutterstock The post XRP ‘just days’ away from all-time high breakout, according to analyst appeared first on Finbold . CoinOtag

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BONK Fights to Reach $1, While Whales Shift Focus to Catzilla x1,2000 Growth Potential

The post BONK Fights to Reach $1, While Whales Shift Focus to Catzilla x1,2000 Growth Potential appeared first on Coinpedia Fintech News In a vibrant crypto market, BONK strives to reach new heights, capturing attention with its ambitious targets. Meanwhile, large investors shift their gaze towards Catzilla, drawn by its remarkable growth potential. The buzz around these two digital assets fuels curiosity, as the crypto community speculates on upcoming market dynamics and potential gains during this bullish phase. Catzilla Wrecks Chaos: The Meme Coin for Warriors of Crypto In a world where financial freedom feels out of reach, a new opportunity emerges— Catzilla ! Born from the frenzy of meme culture and set for explosive growth , this is the meme coin investors have been waiting for! 14 Stages. Limitless Potential. A legendary cat warrior with lives to spare, Catzilla offers you 14 chances to grab the power-packed $CATZILLA token before it goes public. Imagine leveling up your stash from Stage 1 to Stage 14, where your gains soar up to 700%! Catzilla evolves as the presale progresses, bringing you closer to financial victory with every step. But beware, fellow warriors—the clock is ticking, and only the swift and the daring will secure their share of Catzilla’s unstoppable might . Claim your share before Catzilla stomps the competition flat! Cats Are Taking Over: Forget Dogs—It’s All About the Meow Money The crypto world’s gone barking mad for years, but now it’s time for cats to claw their way to the top. MEW and Popcat are the latest feline sensations proving that dogs might fetch headlines, but cats bring home the gains. MEW: Purring into the top 15 meme coins, this clever kitty pulled off a 103.7% climb in just three months Popcat: This one didn’t just pounce—it soared, delivering a jaw-dropping 157.44% surge. These aren’t just one-off flukes. Cats are on the prowl , staking their claim in the meme coin kingdom. And if you think MEW and Popcat are impressive, wait until Catzilla roars onto the scene. Forget chasing tails—this is where the real action is. The Mission: Smash the Market. Rewrite the Rules Catzilla is here to destroy the old systems that hold you back. It’s time to build a new world where you, the warriors of the crypto space, rise up and claim what’s yours . With every stage of this presale, the forces of profit grow stronger. Time is running out, and the opportunity to join Catzilla’s army won’t last forever. The profits are set to explode , and only those brave enough to seize this moment will see their gains rise like a true anime hero’s power level . Get in now, watch Catzilla wreck the market, and bring chaos to the competition! Title: Bonk’s Price Shows Promise for Upcoming Altcoin Season Bonk is showing signs of potential as it trades within the range of $0.00002988 to $0.00003788. Its current movement indicates it could break past the nearest resistance of $0.00004138. With the 10-day moving average slightly below the 100-day, it’s gaining momentum. If Bonk crosses the second resistance level of $0.00004938, an impressive increase of about 30% could be on the horizon. Traders eye the support level at $0.00002539 for stability, suggesting a strong foundation. The coming weeks could be pivotal for Bonk as altcoin season approaches, potentially boosting its value significantly. Conclusion With coins like BONK showing less short-term potential, Catzilla stands out as the ultimate meme coin hero. Offering a 700% ROI in its presale from $0.0002 to $0.0016 over 14 stages, Catzilla provides governance, rewards, and staking features, inviting enthusiasts to join the fight for financial freedom by acquiring $CATZILLA tokens. Site: Catzilla ($CATZILLA) Twitter: https://x.com/CatzillaToken Telegram: Telegram Chat Telegram News CoinOtag