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XRP is trading at $2.43, a slight decline of over 1% in the past 24 hours, and is retesting the 20-day exponential moving average (EMA) at $2.388 as a support level, shows the data from CoinMarketCap . If this support level holds firm, XRP could potentially aim for the $2.60 resistance level in the near term. Successfully reaching this level might attract increased buying interest from investors and traders. Crypto analysts are closely observing a long-term technical pattern that indicates the possibility of a significant rally for XRP. A bullish and rather far-fetched projection of $1,452.81 has been outlined based on the breakout of a multi-year “bull flag” pattern. Crypto analyst “Steph is Crypto” has shared a chart on X, highlighting this bullish scenario. According to the analysis, XRP has been consolidating within a downward-sloping channel since 2018. The recent breakout from this long-term structure suggests a potential shift in the token’s price momentum, potentially setting it up for an exponential rally. The analyst suggests that, based on the flagpole projection, XRP could see a parabolic rise towards the $1,452.81 price target over the course of the coming years. In the shorter term, crypto analyst Dom has emphasized the importance of XRP maintaining a price level above $2.50 to sustain its current bullish momentum. He describes the current price structure as “very constructive,” indicating that a stable hold above this level would be a positive signal for buyers in the market. Related: Banks on XRP Ledger? Aberdeen & Societe Generale Eye Tokenization Adding to the technical analysis, a symmetrical triangle pattern is also forming on longer timeframes for XRP. This type of pattern is generally considered bullish and typically appears after a price rally followed by a period of consolidation. If XRP manages to successfully break out above the upper trendline of this symmetrical triangle, it could potentially rally towards a price target of $4.20 by May. Related: Ripple CTO Fires Back at IMF’s Claim, Insists XRP Doesn’t Qualify as a Security The Relative Strength Index (RSI) is currently at 51.44, which indicates neutral momentum in the market for XRP. However, an increase in the RSI above the 55-60 range could signal renewed buying pressure and a potential upward trend. Moreover, XRP’s price is currently testing the midline of the Bollinger Bands (BB) at $2.3428. If XRP moves decisively above the upper band of the Bollinger Bands, which is currently at $2.6078, it could indicate increased volatility and strengthening bullish momentum. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Cardano (ADA) has once again captured the attention of investors, demonstrating signs of renewed bullish energy as traders look towards March 26th. Following a temporary dip earlier in the week, the token quickly bounced back, climbing to challenge a crucial resistance zone. With its current price hovering around $0.7439 , ADA appears to be setting up for a decisive move. The latest surge in ADA’s trading volume, which is up by over 27%, indicates increasing market interest and potential upward momentum as traders position themselves for the next trading day. The focus is now on whether ADA can successfully break out of its current consolidation pattern and continue its established uptrend. ADA found significant support near the $0.722 level. This level provided a foundation for the subsequent price advance. Buyers actively engaged at this point, driving the price higher and establishing a pattern of higher lows. This trend, coupled with a sharp upward movement, indicates a resurgence of bullish sentiment in the ADA market. Related: Top Analyst’s Confident Take: ADA and XRP at $10? ‘Fine With Me’ Analysis of intraday charts reveals established support levels at $0.726 and $0.730. These levels may provide support should the price experience downward pressure. However, maintaining a position above $0.730 will be crucial for sustaining bullish momentum leading into the trading day of March 26th. Presently, ADA is trading just below the key resistance range of $0.745 to $0.750. This zone has historically posed a challenge, often resulting in price rejection. However, the current increase in trading volume and a strengthening price structure suggest an improved potential for ADA to breach this resistance. Should ADA achieve a decisive close above $0.750, the subsequent resistance level is observed at $0.760. A successful advance beyond this point could pave the way for a longer-term target in the range of $0.775 to $0.780. The RSI (Relative Strength Index) sits at 49.19, indicating a neutral market sentiment. This reading suggests that there is room for upward price action without immediately signaling overbought conditions. Related: ADA Trading Volume Explodes, Whales Pile In: ADA Price Surge to $2 Around the Corner? Meanwhile, the Moving Average Convergence Divergence (MACD) indicator has exhibited a recent bullish crossover. The histogram, representing the divergence between the MACD and signal lines, has turned positive, offering an early indication of increasing buying interest that may support further price appreciation as March 26th approaches. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

XRP experienced a big jump on March 19, surging more than 12% after Ripple CEO Brad Garlinghouse announced that the U.S. SEC had dropped its appeal against the company – definitely a moment XRP fans were waiting for. But just as quickly as it rose, the price fell back down the next day, leaving XRP stuck below $2.50. Over the past week, whale activity for XRP has been quiet , with no major buying or selling. But some experts say now isn’t the time to sell. They believe this could be the calm before a big move, and selling now might be a mistake. Analyst Vandell is betting on a strong rebound for XRP. He’s convinced the token won’t just recover, but will soar into the double digits this year. According to him, while some have called the current market a “bear” market and others speculate that a bull run may be over, the truth is we’re still in the middle of a bull market. He believes the crypto market works in cycles, often called the “four-year cycle,” and it’s not over yet. Even with some talk about the four-year cycle ending, Vandell thinks the underlying factors for the market are still strong. He explains that global liquidity and debt markets play an important role in driving crypto, especially Bitcoin and XRP. Historically, when liquidity expands, cryptocurrencies tend to rise, and when liquidity contracts, they crash. This pattern has remained consistent for nearly a decade, and the analyst said that XRP might follow that same trajectory. Related: Ripple’s SEC Victory: Appeal Dropped, But SEC Silence Leaves “Officially Over?” Question Hanging Right now, XRP’s price is moving sideways, and while we haven’t seen a clear breakout yet, some are still expecting higher prices. The key support level to watch is around $2.20. As long as the price stays above this level, an upward move is expected. Related: Ripple CTO Fires Back at IMF’s Claim, Insists XRP Doesn’t Qualify as a Security However, there’s also a chance we could see another dip before any big upward move. The $1.90 support level is a key one. If the price falls below that, the focus would likely shift to $1.77, and maybe even down to $1.20. As of right now, XRP is down by more than 1% and is trading at $2.44. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.