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Amidst ongoing market instability and volatility, the XRP price maintained support levels, even as many altcoins crashed this past week. A well-known crypto pundit has spotlighted a critical resistance level at $2.3, saying that XRP’s next move will largely depend on whether it can successfully break through this barrier. XRP Price At $2.3: A Make Or Break Point According to AMCrypto, an analyst on X (formerly Twitter), XRP had been maintaining strong support at $2. Compared to other altcoins that experienced severe price crashes earlier this year, XRP was one of the few that didn’t fall below the February capitulation price. Related Reading: XRP Price Set For ‘Hot’ April With Low Fibonacci Levels And High $5-$8 Target The $2 price level was a key support zone that acted as a barrier for XRP, as buyers stepped in to prevent further price decline. Notably, XRP had been consolidating just above this point for the past few months, showing immense resilience amid broader market volatility driven by news of the United States (US) tariff plans. However, recently XRP has dropped below $2 and is now trading at $1.68. AMCrypto has shared a price chart, highlighting that XRP recently broke out of a Descending Triangle pattern — a formation usually associated with strong price moves. However, for this breakout to have real momentum, the altcoin must push past the critical resistance level at $2.3. If XRP manages to clear this resistance level, the analyst predicts that its price could experience a rapid push toward the $3.00 – $3.20 region, marking new highs. Looking at the analyst’s price chart, historically, the token has experienced two strong breakouts from similar Descending Triangles. The most recent triangle saw XRP break above the $2.3 resistance zone with strong bullish candles. AMCrypto has warned that without a decisive breakout above the $2.3 resistance, XRP’s price action will likely remain confined in a wider consolidation range. This does not bode well for a short-term momentum, as it would limit further upward movement for the cryptocurrency until stronger bullish confirmation emerges. Analyst Predicts Price Crash To $0.6 The XRP price appears to be mirroring the broader market’s bearish trend, plunging by approximately 20% in the last 24 hours, according to CoinMarketCap. The cryptocurrency has also declined by 30% over the past month, highlighting sustained downward pressure and waning investor confidence. Related Reading: Analyst Unveils Extended XRP Price Target To $44, Reveals When To Take Profits In a recent post on X, crypto analyst Jesse Colombo pointed out XRP’s recent breakdown below key support zones, warning that the cryptocurrency is likely headed for an even deeper price crash to $0.6. The analyst highlighted the formation of a Head and Shoulder pattern on the price chart, a classic bearish reversal signal that often precedes a significant downward move. With XRP’s price currently trading at $1.68, a decline to $0.6 would represent a significant 64% decrease. Notably, AMCrypto has identified new support levels between $2 and $2.2, indicating that a rebound to this range could act as a critical barrier against further downside for the altcoin. Featured image from Adobe Stock, chart from Tradingview.com
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Crypto Red Alert: Strategies to Preserve Your Savings in Today’s Crushing Market – Best Anti-Crisis Cryptos
The cryptocurrency market is facing severe turbulence, putting many investments at risk. Savvy investors are on the hunt for the best strategies to safeguard their assets. The focus is now on identifying the resilient coins that might rise despite the market’s downturn. Discover the top cryptos that could potentially weather the storm and offer a lifeline to savings. TRON`s Mixed Momentum: Short-Term Correction, Long-Term Rebound TRX price action over the last month saw a decline of nearly 9% after experiencing a one-week drop of about 4.4%. Over the half-year period, TRON enjoyed a robust rebound of roughly 38.5%, marking a significant recovery from lower levels. The past month reflects a period of correction following an extended rally, suggesting the market has been in flux with strong gains earlier in the six months balanced by recent short-term weakness. TRON trades between $0.22 and $0.26, with a clear resistance at $0.27 and immediate support at $0.19. Additional levels at $0.31 and $0.15 offer further guidance. Indicators show weak momentum and an RSI near 40, pointing to a bearish short-term bias. Traders may look for breaks around these key levels while awaiting clearer directional signals. Ethena Price Evolution and Key Support-Resistance Levels Ethena experienced significant drops with a 31.62% dip over one week and a 40.72% decline in one month. The six-month pullback of 10.79% suggests that the long-term slide has been less drastic than the short-term losses. Price movements indicate a market influenced by bearish sentiment, marked by notable volatility and rapid fluctuations. Ethena currently trades between $0.29 and $0.44, with a resistance near $0.53 and support at $0.24. Bears dominate the market due to recent declines and a low RSI of 32.25. Traders might focus on how the support at $0.24 holds up while considering potential gains if momentum shifts towards the second resistance level at $0.68. XRP: From Six-Month Surge to Recent Price Dips XRP experienced a six-month surge of over 211%, showcasing strong upward movement. However, the last month saw challenging performance, with prices falling by almost 31%, and a one-week decline near 23%. This shift highlights a recent pullback after a significant rally. The coin`s volatility is evident as it transitioned from sustained gains to a notable correction. XRP currently trades within a range of about $1.66 to $2.77, with support at $1.23 and resistance at $3.45. Bearish momentum is dominant, but the low RSI near 28 indicates oversold conditions that may invite buying near support. Trading strategies should focus on monitoring price behavior at key levels and watching for potential reversals or continued downturns. Conclusion In today`s challenging market, it is essential to focus on reliable and promising cryptocurrencies. TRX , ENA , and XRP offer strong options for safeguarding savings. These cryptocurrencies present solid performance and potential resilience, making them smart choices for navigating the current financial climate. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. NewsBTC
$1K in MAGACOINFINANCE Could Rival Bitcoin (BTC) and XRP’s Previous 10,000% Rallies
The cryptocurrency market has a storied history of transforming modest investments into substantial fortunes. Early adopters of Bitcoin (BTC) and XRP witnessed astronomical returns, with gains exceeding 10,000%. Now, a new contender, MAGACOINFINANCE, is capturing the attention of investors who believe it could follow a similar trajectory. PRE-SALE SELLING OUT – CLICK HERE TO SECURE A SPOT NOW MAGACOINFINANCE: Poised for Exponential Growth MAGACOINFINANCE is rapidly gaining traction by integrating advanced blockchain technology with practical applications. The project emphasizes sustainability, and active community engagement, positioning itself as a formidable player among digital assets. Designed for steady growth and resilience, MAGACOINFINANCE features rewards for community participation. These attributes appeal to investors seeking reliable, long-term financial growth. Exclusive Offer: 50% Bonus with MAGA50X Early investors in the MAGACOINFINANCE pre-sale have a limited-time opportunity to maximize their holdings through the MAGA50X bonus: Pre-sale Price: $0.0002704 per token Listing Price: $0.007 per token By applying the MAGA50X bonus, the purchase price is effectively reduced to $0.0001803 per token. This adjustment enhances the potential Return on Investment (ROI) to approximately 3,782%, or a 37.82x increase. Consequently, a $1,000 investment at this rate could potentially grow to $37,820 before the first exchange listing. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X Bitcoin (BTC) and XRP: Historical Performance Bitcoin (BTC) and XRP have demonstrated the cryptocurrency market”s potential for substantial returns: Bitcoin (BTC): Currently trading at $77,181.00, BTC has experienced a 6.8% decline from the previous close. Historically, Bitcoin has delivered exponential growth, turning early investments into significant wealth. XRP: Priced at $1.79, reflecting a 14.4% decrease. XRP has also seen remarkable surges in the past, rewarding early adopters with substantial gains. Ethereum (ETH), Bitcoin Cash (BCH), and Sui (SUI): Additional Considerations Other cryptocurrencies also present investment opportunities: Ethereum (ETH): Trading at $1,496.61, down 16.4%. Bitcoin Cash (BCH): Priced at $260.19, experiencing an 11.6% decline. Sui (SUI): Currently at $1.84, reflecting a 14.4% decrease. CLICK HERE TO JOIN THE NE-XT BILLION DOLLAR PROJECT Conclusion While Bitcoin (BTC) and XRP have demonstrated the potential for significant returns, MAGACOINFINANCE is positioning itself as a promising new player with its innovative approach and attractive pre-sale incentives. Investors are encouraged to conduct thorough research, stay informed about market trends, and consider diversifying their portfolios to navigate this dynamic landscape effectively. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: $1K in MAGACOINFINANCE Could Rival Bitcoin (BTC) and XRP’s Previous 10,000% Rallies NewsBTC
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Bitcoin Price Recovery In Play—But Major Hurdles Loom Large
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