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.

Technical analyst reveals XRP short-term price targets amid potential breakout

XRP appears primed for a significant rally after months of consolidation, with key technical indicators pointing to a shift toward bullish momentum. Notably, in an X post , analyst DarkDefender highlighted that XRP has confirmed a breakout on the four-hour chart, signaling a clear shift in market sentiment. XRP seven-day price chart. Source: Finbold At press time, XRP is trading at $2.40, marking a strong recovery from its prolonged consolidation range of $0.50 to $0.60. The digital asset has posted a 0.14% gain on the weekly chart and is up an impressive 326% year-to-date. This breakout comes on the heels of XRP reaching a local high of $2.71 on December 3, further fueling optimism for continued upside momentum. Technical indicators confirm bullish momentum According to the analysis, XRP’s breakout above a descending trendline on the four-hour timeframe signals a potential reversal of its earlier downtrend. However, a daily close above $2.52 is required to solidify this bullish outlook. XRP price analysis chart. Source: DarkDefender/X The Ichimoku Cloud is projecting a bullish trend, with XRP now trading above the cloud, a signal traditionally associated with further upside potential. Moreover, the Relative Strength Index ( RSI ) has formed a Golden Cross , confirming increasing buying pressure and a definitive shift in momentum Key levels to watch The immediate focus now lies on XRP’s ability to clear the critical resistance at $2.52. A confirmed daily close above this level could open the door for a retest of the December 3 high at $2.71. Beyond that, DarkDefender has outlined short-term price targets of $5.85 and $8.76, supported by bullish market conditions and historical price movements. On the downside, XRP must defend key support levels to sustain its bullish outlook. Analysts point to $2.29, $2.24, $2.10, and $2.02 as critical zones where buyers are expected to step in to maintain the bullish momentum. Derivatives market data and broader ecosystem developments Derivatives data from CoinGlass further reinforces XRP’s bullish outlook. Options open interest has surged by 16.20% to $992.33K, reflecting growing confidence among traders in XRP’s upward trajectory. Meanwhile, options volume has increased by 17.41%, suggesting heightened activity as traders position themselves for volatility. XRP derivatives data. Source: CoinGlass The Binance long/short ratio among top traders stands at 3.845, indicating a clear bullish bias. Despite a slight decline of 12.62% in overall derivatives volume, open interest remains stable, signaling sustained market engagement and confidence in XRP’s potential for further gains. Moreover, investors are quite bullish on XRP and the wider Ripple Labs ecosystem, particularly as its stablecoin, RLUSD, has recently received final approval from the New York Department of Financial Services (NYDFS). This milestone enhances confidence in Ripple’s ecosystem and strengthens XRP’s position within the broader digital asset market. Bull flag pattern points to a $4 target While long-term projections for XRP remain ambitious, with some analysts predicting prices as high as $48 , short-term forecasts point to immediate upside potential. Notably, cryptocurrency analyst Ali Martinez , in a December 12 X post , identified a bull flag pattern on XRP’s chart, which suggests XRP could rally to $4 in the near term. $XRP appears to be forming a bull flag! Still, the TD Sequential recently presented a sell signal on the 4-hour chart, which leads me to believe #XRP may see a brief correction before a breakout above $2.46 that could send the price to $4! pic.twitter.com/L8zwMYT1Rb — Ali (@ali_charts) December 12, 2024 Martinez highlighted $2.46 as a key breakout level to confirm the pattern and noted that any short-term pullback could present a buying opportunity for traders looking to capitalize on the next upward move. That being said, XRP’s recent breakout, coupled with strong technical indicators and improving market sentiment, presents a bullish outlook for the digital asset. A decisive close above $2.52 could mark the beginning of XRP’s next major rally, with analysts projecting targets of $4 in the near term and $8.76 in subsequent moves. At $4, XRP’s market cap would rise to approximately $228.75 billion, surpassing Tether’s ( USDT ) valuation while remaining behind Ethereum (ETH), which currently holds a market cap of $471.63 billion. However, at $8.76, XRP’s market cap would surge to around $500.97 billion, surpassing Ethereum and solidifying its position as the second-largest cryptocurrency behind Bitcoin ( BTC ), which currently holds a market cap exceeding $2 trillion. Supported by rising derivatives interest and Ripple’s expanding ecosystem, XRP remains a key asset to watch as it positions itself for further gains in the ongoing market recovery. Featured image via Shutterstock The post Technical analyst reveals XRP short-term price targets amid potential breakout appeared first on Finbold . U.Today

---

Pepe Coin (PEPE) and Dogwifhat (WIF) Are Struggling To Keep Up With This Innovative Altcoin, Here’s Why

The post Pepe Coin (PEPE) and Dogwifhat (WIF) Are Struggling To Keep Up With This Innovative Altcoin, Here’s Why appeared first on Coinpedia Fintech News Though memes are still exceptionally trendy, most meme coins including Dogwifhat and Pepe have cooled off slightly as utility gems garner significant traction in their stead. Before money flows down to low cap presale utility gems like Lunex Network to explosive effect, many analysts urge investors to be first movers within this ICO trailblazer. With an anticipated 55% surge as soon as January, here’s why analysts are bullish about Lunex Network. Pepe Defies Broader Market Trends As Listings Solidify Blue Chip Status Pepe has cemented its place as the third-largest, and arguably the trendiest, memecoin in Q4. Bolstered by recent listings on Coinbase, Robin Hood, and most recently Binance US, these high-profile listings have expanded Pepe’s accessibility in the USA and contributed to Pepe’s remarkable surge this month. Whale activity has further fueled confidence for Pepe, and Pepe has recently gained blue chip meme status in the eyes of many experts. Defying broader market trends, Pepe recently traded at $0.00002725, gaining 3.5% within 24 hours while other major cryptocurrencies struggled. Increased exchange outflows indicate reduced selling pressure, supporting Pepe’s long-term growth prospects. With strong community backing and predictions of a potential meme supercycle, some analysts believe that Pepe could rally another 30% if it manages to hold above $0.00002750. Investors Anticipate Solana Meme Rally For Dogwifhat Upsurge Dogwifhat has quickly risen within the Solana ecosystem, leveraging meme culture and its playful branding of a dog wearing a hat. Built on Solana’s fast, low-cost blockchain, Dogwifhat has become a viral sensation within the cryptocurrency space, attracting traders eager to capitalize on its community-driven hype. Despite lacking utility, Dogwifhat thrives on its simplicity and the emotional connection it fosters within its community as an OG pump.fun meme creation. By focusing entirely on virality and engagement, Dogwifhat taps into Solana’s inclusive blockchain ecosystem and growing meme coin trend, making it a strong contender for exponential gains in the near term, in which a Solana meme rally could send Dogwifhat to the moon. Discover Why Analysts Are Bullish About Lunex Network. Lunex Network is carving its niche as a leading DEX ICO, poised to deliver exceptional returns in the ongoing bull market. With analysts projecting up to 50x gains by early 2025, the platform is attracting attention as a high-potential investment as a rapidly expanding utility ICO. The platform prioritizes simplicity and privacy, eliminating the need for KYC verification while enabling trades across over 50,000 blockchain networks, including Ethereum, Solana, and memes like Dogwifhat and Pepe. By removing the dependency on external wallets, Lunex Network provides a seamless and secure token-swapping experience powered by smart contract technology. Lunex Network’s ecosystem also features a robust revenue-sharing model, where profits are used to buy back LNEX tokens. Half of the tokens are distributed as staking rewards with up to 18% APY, while the rest are burned to increase scarcity. This strategy supports long-term value growth and rewards active participants in the ecosystem. At its presale price of $0.0044, Lunex Network presents a unique opportunity for investors to tap into the next wave of decentralized trading innovation. Its forward-thinking approach and promising features make it a standout in the utility ICO market. You can find more information about Lunex Network (LNEX) here: Website: https://lunexnetwork.com Socials: https://linktr.ee/lunexnetwork U.Today