Bitcoin’s recent plunge and remarkable recovery showcases market volatility, underscoring the ongoing dynamics within the cryptocurrency landscape. Market sentiment remains robust despite short-term fluctuations, as both retail and institutional investors
In the last few days, the bulls have taken over the crypto market, where many tokens have gained new highs, including the failing ones Hamster Kombat and X Empire. With the Bitcoin price nearing $100K, these failing Tap-to-earn tokens have also met with the bulls, aiding in their recoveries. However, the question still stands the The post Hamster Kombat Vs X Empire: Where to Invest in November End? appeared first on CoinGape .
JPMorgan has warned the Elon Musk-led Department of Government Efficiency (DOGE) will face significant hurdles, citing Congress’ control over spending. Elon Musk’s DOGE Sparks Debate as JPMorgan Casts Doubt on Its Feasibility JPMorgan Chase released a report on Nov. 22, evaluating the newly formed Department of Government Efficiency (DOGE). Established under President-elect Donald Trump and
Ripple Labs emphasizes its role in combating crypto regulatory pressures. Stuart Alderoty acknowledges key contributors to Ripple’s legal success. Continue Reading: Ripple Labs Highlights Its Role in Fighting Crypto Regulatory Pressure The post Ripple Labs Highlights Its Role in Fighting Crypto Regulatory Pressure appeared first on COINTURK NEWS .
After achieving a significant all-time high, Solana (SOL) is set for a pivotal moment in its price trajectory as traders and analysts closely monitor market movements. As SOL consolidates near
As whale activity increases and the price of Dogecoin approaches crucial resistance levels, the cryptocurrency is once again in the spotlight. Despite the positive momentum driving its price beyond $0.5,
Monday might become day of records for cryptocurrency market
After reaching an all-time high, where could SOL go next? Let’s find out.
The XRP price recently surged to a three-year high of $1.6, marking a significant milestone in the cryptocurrency’s recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price. Related Reading: Chainlink Rockets 20%: Whale Activity Sparks Break From Bear Trend There are basically two ways the XRP price can go from here: either a continued move upwards or a notable correction. An in-between is a consolidation pattern. CrediBULL Crypto shared his insights on the potential paths the altcoin might take next. Using the Elliott Wave Theory, he highlighted two scenarios that could shape XRP’s near-term future. What’s The Next Path For XRP Price? According to CrediBULL Crypto, XRP’s recent rally exhibits a textbook example of a five-wave impulsive move, complete with clearly identifiable subwaves. This pattern confirms that the cryptocurrency has likely reached its absolute bottom at the November low of $0.49, which is a strong foundation for its current upward trend. The impulsive wave structure suggests that the crypto is at a pivotal juncture, and its future trajectory hinges on whether it sustains specific price levels. The first possibility centers on XRP failing to maintain its position above $1.05, which is the origin of the fifth subwave in the current impulsive structure. Should this level break, it would confirm that the XRP price is in a larger Wave 2 correction. According to the Elliot Waves Theory, Waves 2 and 4 are corrective waves, while Waves 1, 3, and 5 are the main bullish waves. before This correction, while bearish in the short term, would lay the groundwork for an even stronger Wave 3 rally in the future. CrediBULL Crypto predicts a very different outcome if the XRP price manages to hold above the $1.05 level. Holding above the $1.05 level would indicate that the fifth subwave is extending. In this case, the analyst predicted that the XRP price will surpass the $2 mark before experiencing any substantial pullback. The Road Ahead For XRP XRP, which had lingered below the $1 threshold for the past three years, has now firmly established itself above this pivotal mark. The recent XRP price surge to $1.6 suggests that the cryptocurrency is in a stronger position to target the $2 milestone rather than retreat into a significant correction. This bullish sentiment is bolstered by speculation around SEC Chairman Gary Gensler’s anticipated resignation in January 2025. Related Reading: Top Analyst Claims XRP New ATH Is Just Around The Corner – Details The XRP price climb to $1.6 reflects its growing strength in the market. Nonetheless, the next phase of its journey depends on key support and resistance levels. At the time of writing, the XRP price is trading at $1.46, having corrected by about 8.5% in the past 24 hours. However, the XRP price is still up by 175% in the past 30 days. Featured image from Pexels, chart from TradingView
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