The XRP price performance has been one of the bright spots in the cryptocurrency market over the past seven days. With the crypto climate becoming more uncertain with each passing day, the XRP token has been the only large-cap asset exhibiting some level of relative stability. While the altcoin has been moving mostly sideways in recent weeks, the current speculation is that the price of XRP could be on its way to a bullish breakout. The question is — how far can the third-largest cryptocurrency in its next leg up? Can XRP Reclaim $3 In Next Move? In a March 7 post on the social media platform X, popular crypto trader Ali Martinez put forward an interesting prognosis for the value of XRP over the next few days. Martinez revealed that the altcoin’s price appears to be ready for a significant 23% breakout to the upside. Related Reading: Bitcoin Reclaims $90K But This Indicator Signals Possible Consolidation Phase The reasoning behind this bullish prediction is the appearance of a symmetrical triangle pattern on a short-term timeframe of the XRP chart. The symmetrical triangle is a technical analysis pattern characterized by a diagonal falling upper trendline (connecting the swing highs) and a diagonally rising lower trendline (along the price troughs). Typically, symmetrical triangle formations are considered trend continuation patterns, implying that the asset’s price tends to continue in its initial trend direction before falling into the triangle pattern. While in the triangle pattern, the price moves — in a tapering fashion — towards the symmetrical triangle’s apex. The price would eventually breach the falling (upper) trendline for a bullish breakout or break below the rising (lower) trendline forming a breakdown. While a trend reversal (I.e. the asset’s price breaks opposite its initial trend direction) is possible, the price is more likely to continue in the original trend direction after breaking out or down the current layout. In the current XRP price setup, the altcoin looks likely to break out of the symmetrical triangle and continue its upward trend. However, it is important to wait for the close of at least two candlesticks above the upper trendline to confirm a bullish breakout. Going by this logic, Martinez expects the price of XRP to surge to above $3 (about 23% growth from the current point) over the coming days. This price target was calculated by adding the length of the widest point of the symmetrical triangle (or base) to the breakout point. XRP Price At A Glance As of this writing, the XRP token is valued at $2.47, reflecting an over 5% price decline in the past 24 hours. Nevertheless, the altcoin’s performance on the weekly timeframe remains strong — at about 15% in the past seven days. Related Reading: Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again? Featured image from iStock, chart from TradingView

2025-03-09 04:00

Tony Severino, a prominent crypto analyst, has shared a new Bitcoin price forecast, suggesting that the pioneer cryptocurrency is on the verge of another major correction. The analyst suggested that the formation of a Lower Time Frame (LTF) Head and Shoulders pattern on the Bitcoin price chart is a potential confirmation of a crash to mid-$80,000. Bitcoin Price Projected To Crash To $83,600 The market’s recent downturn has negatively impacted Bitcoin’s value, prompting less-than-favorable predictions from top analysts. Severino posted on X (formerly Twitter) on March 6 that Bitcoin could soon experience another major pullback to new lows. Related Reading: Bitcoin Slides After Trump Signs Strategic Reserve Executive Order The analyst projected that Bitcoin could crash to $84,800 – $83,600. This bearish price outlook is supported by the recent formation of LTF Head and Shoulder pattern on the Bitcoin chart. A Head and Shoulder pattern is a technical analysis formation that usually indicates a potential reversal from bullish to bearish. It appears as three peaks on a price chart, with the middle peak, which is the head, being higher than the others (the shoulders). Notably, the Head and Shoulder pattern is considered one of the most recognizable patterns for projecting a downtrend in a cryptocurrency. In the case of Bitcoin, Severino’s chart illustrates a symmetrical triangle with an internal A-B-C-D-E wave-like structure. The black diagonal lines in the chart form the symmetrical triangle, which indicates lower highs and higher lows. Inside the triangle, red lines form the waves, suggesting that the Bitcoin price may be chopping sideways but with a bias towards completing the triangle. Due to the Head and Shoulder pattern formation, Bitcoin could see its price break down to the lower boundary of the triangle around the mid $80,000 region. This price crash would complete the D wave and possibly test the next critical support area. Once Bitcoin drops to this level, Severino predicts that it could bounce back to new highs. The chart shows that Bitcoin could rally toward the E wave in the triangle, which is positioned around the $90,000 price level. Furthermore, the analyst’s Bitcoin chart indicates another deeper pullback after this price rebound to $90,000. Toward the right side of the chart, an arrow points downwards, suggesting that after the final E wave rally, Bitcoin could drop down towards $83,600 to $80,200. Analyst Warns Of Bear Trap Before Bull Run Finale While many in the crypto market label this massive decline in the Bitcoin price as the beginning of the bear market, others believe that this price crash could be a mere bear trap. A market expert known as ’Crypto Caesar’ predicted that Bitcoin would be on the verge of its final bear trap before entering the last phase of this bull cycle. Related Reading: Dogecoin Analyst Predicts Massive Price Explosion—Is $6.24 Far-Fetched? This implies that Bitcoin is likely to face another sharp decline, shaking out weak hands before surging to a new all-time high. The analyst’s chart predicts that it could top out above $110,000, signaling the end of the bull market. Featured image from Pexels, chart from TradingView

2025-03-09 02:30

Despite the recent positive momentum in the market, the AAVE price seems to be back under bearish pressure over the past day. As a result of the dwindling sentiment, the price of AAVE has dropped beneath the psychological $200 level in the last 24 hours. However, a prominent crypto analyst on social media platform X has suggested that the DeFi token won’t be down for long. According to the crypto pundit, the AAVE price could begin a new bullish rally, with its sights on the $360 mark. AAVE Price Prediction: Analyst Forecasts 80% Surge Popular crypto trader Ali Martinez took to the X platform to share a video, explaining AAVE’s potential path to return to its former price highs in the current cycle. This optimistic prediction is based on a developing “broadening formation” on a medium-term timeframe of the AAVE price chart. Related Reading: Bitcoin Price Crash Incoming? Why A Fall To $63,000 Is Possible If This Resistance Holds For context, a broadening formation is a price pattern in technical analysis characterized by two diverging trendlines; a rising upper trendline (connecting a series of higher highs) and a falling lower trendline (connecting lower lows). This pattern is often associated with a period of increasing price volatility (or significant price action). Typically, broadening patterns are bearish chart formations for most asset prices, as they are often correlated with rising volatility without a clear indication of the next direction. However, the current formation appears to be bullish and could prove a pivotal turning point for the AAVE price. According to Martinez, the DeFi coin looks primed for a bullish break out of the developing broadening pattern. However, the AAVE price would need to breach the crucial resistance level of around $250 before this bullish breakout can be confirmed. If AAVE successfully closes above this $250 resistance zone, investors could see its price travel to as high as $360 over the next few weeks. This would represent an over 80% surge from the current price point. Can Whales Push AAVE To $250? As of this writing, the price of AAVE is hovering around the $200 mark, reflecting an over 6% decline in the past 24 hours. According to CoinGecko data, the AAVE price is up by 4.3% on the weekly timeframe. While the DeFi coin is far away from the critical $250 mark, the appropriate positive catalysts might be all it needs to cross this level in a few days. One such catalyst that could prove crucial is the rising activity of AAVE whales in recent days. Data from Santiment shows that the AAVE token saw the largest increase in the amount of $100,000 whale transactions over the past week. The number of these large transactions skyrocketed by more than 267% in the highlighted period. Related Reading: This Bitcoin Price Range Could Be The Bulls’ Final Defense Line, Report Says Featured image from Binance Academy, chart from TradingView

2025-03-09 01:00

Ethereum has faced massive selling pressure and volatility over the past month as the entire crypto market trends downward, pushing ETH toward crucial demand levels. With uncertainty dominating the market, traders remain cautious as Ethereum struggles to reclaim lost ground. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength – Analyst Analysts expect even more volatility following US President Trump’s executive order on Thursday, which established a Strategic Bitcoin Reserve. While the announcement was expected to boost market sentiment, it introduced more uncertainty, leaving investors unsure of its long-term impact on the crypto space. Despite the ongoing decline, on-chain data from Santiment reveals a bullish signal—330,000 Ethereum have been withdrawn from exchanges in the past 72 hours. Such large outflows often indicate investors moving ETH into private wallets, suggesting reduced selling pressure and possible long-term accumulation. With Ethereum hovering at key support levels, the coming days will be critical in determining whether ETH stabilizes or faces further downside. If market sentiment improves and exchange outflows continue, Ethereum could see a strong recovery. However, if selling pressure persists, another leg down remains a possibility, keeping traders on high alert. Ethereum Faces A Critical Test Ethereum has lost over 50% of its value since late December, triggering massive fear and panic selling across the market. Once a leading force in crypto rallies, ETH is now struggling to regain momentum, leaving investors questioning whether the long-awaited altseason will materialize this year. Many analysts speculate that it won’t, as Ethereum and most altcoins continue to struggle, unable to reclaim bullish settings or establish a clear recovery trend. Despite the bearish sentiment, there is still hope for a rebound, as on-chain data suggests potential bullish catalysts. Ali Martinez shared Santiment data, revealing that 330,000 Ethereum have been withdrawn from exchanges in the past 72 hours. This significant outflow could indicate that investors are moving ETH into private wallets, reducing immediate selling pressure and potentially setting the stage for a supply squeeze. A supply squeeze occurs when the available supply of an asset on exchanges decreases, making it harder for sellers to push prices lower. If Ethereum continues to hold key demand zones and buying pressure increases, the reduced exchange supply could drive a strong recovery toward higher price levels. Related Reading: Ethereum Holds Key Support Amid Volatility – Can Bulls Break $2.3K To Regain Momentum? For now, traders are watching whether ETH can stabilize and reclaim critical resistance levels. If bulls regain momentum, Ethereum could start a recovery trend in the coming weeks. However, if selling pressure persists, another wave of downward movement remains a possibility, keeping the market on edge. The next few days will be crucial in determining Ethereum’s short-term direction and whether the recent exchange withdrawals signal a turning point for ETH. ETH Price Testing Crucial Demand Ethereum (ETH) is currently trading at $2,130 after days of struggling below the $2,500 level. The market remains under bearish control, with bulls unable to reclaim key resistance zones. As long as ETH stays below $2,300, bears continue to hold the upper hand, keeping selling pressure dominant. For a recovery rally to take shape, bulls must defend the $2,100 level and push ETH back above $2,500. A decisive break past this resistance would signal renewed buying momentum, potentially shifting the market sentiment and triggering a stronger push toward higher prices. However, failure to reclaim these levels would prolong the current downtrend and leave ETH vulnerable to further declines. The key level to watch is $2,000—losing this support could trigger a dramatic breakdown, leading to accelerated selling pressure and a potential drop into lower demand zones. This scenario would erase hopes of a near-term recovery, forcing Ethereum into a deeper bearish phase. Related Reading: Bitcoin Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level – Details With ETH hovering near critical levels, traders are closely watching whether bulls can regain momentum or if bears will push prices lower. The next few days will be crucial in determining ETH’s short-term direction and whether it can escape its downward trend. Featured image from Dall-E, chart from TradingView

2025-03-08 23:30

Bitcoin is making an effort to stage a comeback after dipping to $85,211, but a lack of strong momentum is casting doubt on the recovery. While buyers are attempting to regain control, technical indicators suggest that bullish strength remains fragile, raising concerns about whether BTC can sustain its rebound or face another pullback. With key resistance levels ahead and market sentiment still uncertain, Bitcoin’s next move remains unpredictable. If buyers fail to build enough momentum, BTC could struggle to push higher, leaving it vulnerable to renewed selling pressure. Bitcoin Tries To Bounce Back BTC’s current price action indicates that bulls are making an effort to stage a rebound from the $85,211 support level after a sharp decline. This attempt follows a period of strong bearish pressure, which intensified when Bitcoin faced heavy resistance at $93,257 and failed to move upward. Related Reading: Bitcoin Price Attempts a Comeback—Is a Recovery Rally on the Horizon? Despite some signs of stabilization, technical indicators suggest that bullish momentum remains weak. The lack of strong buying pressure raises concerns about whether BTC can maintain its current attempt at a rebound or if another downturn is imminent. Additionally, the price remains below the 100-day Simple Moving Average (SMA), signaling that bears still dominate the market. Furthermore, the MACD line and the signal line are edging lower, hinting at a possible decline in bullish momentum. If both lines continue downward and cross into negative territory, it could signal a shift in trend favoring the bears. This weakening performance suggests that buying pressure is not strong enough to sustain a meaningful recovery, increasing the risk of further downside. A confirmed bearish crossover might reinforce selling dominance, making it difficult for BTC to regain an uptrend. For the bulls to regain control, a surge in buying activity is needed to push the MACD indicators back into a positive trend. Traders should watch key support and resistance levels closely for confirmation of the next trend direction Potential Scenarios: Rebound Or Another Leg Down? If bulls successfully defend the $85,211 support level, Bitcoin could stage a relief rally, driving prices toward the immediate resistance at $93,257. A decisive break above this critical level could open the door for a stronger bullish push, propelling BTC toward $100,000. Such a move would restore market confidence and attract more buyers, increasing the likelihood of continued upside expansion. Related Reading: Bitcoin Reclaims $90K But This Indicator Signals Possible Consolidation Phase However, once Bitcoin fails to gain momentum, a drop below $85,211 may accelerate losses. In this case, BTC might test lower support levels, possibly around $73,919 or even $65,082, before finding stability. Featured image from Unsplash, chart from Tradingview.com

2025-03-08 22:00

Solana has faced intense selling pressure and price swings, with the asset losing over 57% of its value since January 13. Bulls have struggled to regain momentum, and market sentiment suggests that the crypto market is not in a healthy condition for a strong recovery. As uncertainty continues, investors remain cautious, watching for signals of a potential trend shift. Related Reading: Ethereum Holds Key Support Amid Volatility – Can Bulls Break $2.3K To Regain Momentum? However, despite the bearish outlook, some analysts believe that this correction could be nearing its end. Many are now looking for key technical confirmations that could indicate a reversal or breakout in the near future. A top crypto analyst, Ali Martinez, shared a technical analysis on X, revealing that Solana remains in consolidation within a wide range pattern. This type of formation often suggests increasing volatility before a potential breakout to higher prices. If SOL follows the historical behavior of this pattern, it could be positioning for a significant move upward once market conditions stabilize. With Solana hovering near crucial price levels, the coming days will be key in determining whether bulls can reclaim control or if further downside awaits. Traders are now watching for a decisive breakout or another leg down before making their next move. Solana Struggles Around Crucial Demand Solana is struggling to hold the $140 support level after failing to reclaim higher price levels, keeping sentiment bearish as price action continues in a downtrend. Analysts remain cautious, warning that SOL could see further declines unless bulls regain control and establish stronger momentum. The past few weeks have been marked by unpredictable events, adding to the market’s uncertainty. The ongoing trade war developments between the United States, Mexico, Canada, and China have put additional pressure on financial markets, including crypto assets like Solana. Meanwhile, President Trump’s executive order to establish a Strategic Bitcoin Reserve had an underwhelming effect on the market, failing to generate the bullish reaction many investors had hoped for. Despite these challenges, some technical indicators suggest that Solana may be gearing up for a significant move. Martinez’s analysis highlights that SOL remains in consolidation within a right-angled ascending broadening pattern. Historically, this formation has led to high volatility and a breakout in either direction, hinting that a major price move could be coming soon. If Solana breaks below $140, it could trigger a deeper correction, further reinforcing the bearish trend. However, if bulls manage to push SOL above key resistance levels, it could reverse the downtrend and set the stage for a strong recovery rally. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength – Analyst For now, traders are closely monitoring SOL’s price action, waiting for a decisive move that could determine its next major trend. The coming days will be crucial in assessing whether Solana can stabilize and rebound or face further downside pressure. Solana Battles To Hold Ground At Lower Levels Solana is currently trading at $139 after failing to reclaim the 200-day Moving Average (MA) and Exponential Moving Average (EMA), which sit around the $184-$186 resistance zone. The inability to break above these critical levels has left bulls in trouble, as SOL struggles to hold the $140 support and now risks setting fresh lows below $125. The bearish momentum has kept SOL under pressure, with price action confirming a continued downtrend. If sellers gain more control and $140 fails to hold, a breakdown below $125 could trigger further downside, forcing SOL into lower demand zones. However, despite the current weakness, there’s still a chance for recovery. If bulls can push SOL back above $180, reclaiming this critical level could shift market sentiment and trigger a strong recovery move. A decisive breakout above this zone would invalidate the bearish outlook, signaling a potential push toward higher resistance levels. Related Reading: Bitcoin Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level – Details For now, traders are watching closely to see whether Solana can hold its key support or if another leg down is inevitable. The next few days will be crucial in determining whether SOL can stabilize or face deeper losses in the short term. Featured image from Dall-E, chart from TradingView

2025-03-08 20:30

Ethereum (ETH) experienced a rather adventurous trading week marked by significant price gains but even stronger losses. Notably, prominent market analyst Ali Martinez has highlighted a critical market condition that could result in a market surge. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength – Analyst Ethereum’s Next Move: Price Rally To $3,260? Being the second largest cryptocurrency in the market, Ethereum’s price action remains important to traders, especially with the current doubts over an altseason. In an X post on March 7, Ali Martinez shared an insightful analysis of the ETH market based on the MVRV extreme deviation pricing bands drawn by analytics firm Glassnode. Generally, the Market Value to Realized Value (MVRV) metric is used to determine whether an asset is overvalued or undervalued. Meanwhile, the MVRV pricing bands offer insights into an asset’s valuation relative to historical price trends. These bands identify overbought or oversold conditions with deviation levels acting as critical resistance and support zones. According to Glassnode data shared by Martinez, the MVRV pricing bands suggest that Ethereum’s immediate challenge in any uptrend lies at the -0.5σ pricing band around $2,350. If ETH bulls can produce enough demand to reclaim this support level, it may propel further price gains according to patterns from previous market cycles. Martinez states that the initial possible price target for such a rally is the mean pricing band around $3,528 representing a potential 51.95% gain from ETH’s present market price. With a formidable bullish momentum, a further price gain is also possible with a potential target at the+1.0σ pricing band around $4,164. However, a failure to reclaim the support level at $2,350 could push ETH to a deeper correction than present. In such a scenario, Glassnode’s data reveals ETH could crash to around the -1.0σ pricing band at $1,444. Related Reading: “Ethereum Is Not Dead”: Broadening Wedge Suggests Another Leg-Up Is Coming ETH Price Overview At press time, Ethereum trades at $2,134 reflecting a 1.89% decline in the last 24 hours. Furthermore, weekly losses stand at 4.77% contributing to a total decline of 23.58% in the past 30 days suggesting a dominant bearish sentiment among ETH traders. However, amid this price fall, Ethereum whales are showing much optimism with a strong accumulation behavior. According to more data shared by Martinez, these whales recently acquired 1.1 million ETH in 48 hours demonstrating their robust confidence in Ethereum’s potential for a future price appreciation. Meanwhile, 330,000 ETH have been moved off exchanges in another bullish move. In other developments, other analysts continue to speculate on the potential of an altseason. Renowned crypto expert Michael Van De Poppe has backed altseason to happen nudging investors to increase their exposure to “blue-chip altcoins”. Meanwhile, former Binance CEO Changpeng Zhao has referred market enthusiasts to the CoinMarketCap altseason index which is currently at 14 highly in favour of Bitcoin dominance. Featured image from Tokpie, chart from Tradingview

2025-03-08 19:00

Cardano (ADA) is once again in the limelight as a crypto analyst emphasizes a technical pattern that has the potential to propel the asset to $2. In the midst of a combination of gains and losses for ADA, the prediction has sparked speculation regarding the possibility of a significant breakout. Related Reading: Bitcoin Slides After Trump Signs Strategic Reserve Executive Order A Pattern That Could Lead To A Big Move According to crypto expert Ali Martinez, ADA has established a right-angled descending wedge pattern on the charts. This technical configuration implies that a surge may occur if Cardano surpasses $1.14. Martinez believes that the price could soar to $2 if that occurs. ADA is much below that important level right now. The altcoin dropped significantly by 5% during the past 24 hours, falling below $0.83. It has subsequently rebounded to about $0.88; but it remains uncertain if the bullish momentum will build up anytime soon. This is how #Cardano $ADA can enter a bull rally to $2! pic.twitter.com/fMO3u3lVdc — Ali (@ali_charts) March 7, 2025 Strong Gains Despite A Rough Day Cardano has shown a steady increase over the past weeks, despite its most recent fall. Considering that the crypto asset has grown by nearly 30% over the past seven days, there are signs buyers are joining the market. ADA has seen a 20% year-over-year rise, indicating strong demand in the token. What Needs To Happen For ADA To Reach $2 ADA faces other difficulties as well, but first it has to overcome $1.14 to reach a notable rise to $2. Should it be able to overcome that, the currency’s next challenge will be to keep on pushing up. Strong buying demand could cause the price to increase to $2 more rapidly; but, limited volume or sellers’ resistance could create problems. Additionally important are external elements and market attitude. If the market for Bitcoin and the other bigger cryptocurrencies keeps strong, ADA has a higher chance of maintaining an upward motion. On the other hand, any market-wide drop could give Cardano more hiccups. Related Reading: Billionaire Warns Of Financial Turmoil—Will Bitcoin Save Investors? Traders Still Hesitant Despite Positive Signs Although many in the crypto community are excited about ADA’s potentials, others are still cautious. Though Martinez’s technical pattern suggests a breakout, nothing is quite clear. Market conditions might change quickly, hence overcoming resistance may prove challenging. Should ADA start moving toward $1.14, it could give fresh hope. Whether it strikes $2 or not, the following few days will be vital in deciding its next major price route. Featured image from Gemini Imagen, chart from TradingView

2025-03-08 17:30

The XRP market has experienced some significant bullish action in the past week with prices rising by 7.05%. Amidst this surge, popular market analyst Egrag Crypto has provided an interesting bullish prediction highlighting two potential price targets for the altcoin. Related Reading: Solana (SOL) Crashes 15% After Massive Profit-Taking Spike XRP Price Outlook: Analysts Eye $9.7 And $27 Breakout Targets In an X post on March 7, Egrag Crypto shared an audacious technical analysis of the XRP price action suggesting the altcoin may be gearing up for a major price upswing following recent gains. Egrag Crypto’s positive prediction is based on XRP’s potential ability to repeat a price surge from its 2017-2018 bull cycle. While past performance does not guarantee future results, the repeating nature of market cycles has led certain analysts to believe that XRP could experience another parabolic move. Notably, in early 2018, XRP moved from a breakout range of $0.35-$0.39 to a local market peak of around $2.89. However, for XRP to show any potential in validating a repeat of this price surge, market bulls must reclaim the $3.4 price level, which represents the local peak of the current bull cycle. Using this price level as a reference point, Egrag Crypto identifies $9.7 as the first major price target for XRP, mirroring the midpoint of its 2017–2018 breakout. The analyst explains that for investors looking to take profit, it would be ideal to sell at or around this price level i.e. $8, $9, $10, rather than waiting for an exact market peak. The second, more intriguing target would happen if XRP produces an exact 718% price surge, suggesting a potential price target of approximately $27. Related Reading: SUI Rallies 10% After Securing Deal With Trump Finance Arm XRP Price Overview At the time of writing, XRP trades at $2.34 reflecting a 5.34% decline in the past 24 hours. However, its daily trading volume has increased by 8.56% and is now valued at $8.63 billion. In realizing Egrag Crypto’s bullish prediction, the altcoin must push past immediate resistance levels at $2.62 and $3.0 before a fated encounter at the $3.4 price barrier. Furthermore, there must be a significant increase in buying volume and market participation. Other potential bullish factors include a clear regulatory stance around XRP. While its addition to the US digital assets stockpile is a much-welcome development, a termination of the SEC’s appeal case against Ripple would erase all regulatory and legal concerns around XRP. Finally, a widescale bull run across the crypto market is another potential bullish driver. Notably, XRP was one of the best-performing crypto assets in the late Q4 2024 crypto rally, rising by over 460% in three weeks following the US elections. Featured image from iStock, chart from Tradingview

2025-03-08 16:00