Crypto Slips Into Red, But XRP Quietly Sets Up a Bullish Play
- Crypto market dips; Ethereum down 4%, Bitcoin down 2%, Solana and DOGE fall 7–8%.
- XRP trades around $2.13, chart mimics 2017 pattern before historic Bullish rally.
- A break above $2.31 may suggest a bullish shift, but the trend remains bearish for now.
The crypto market is down today, with major coins in the red. Ethereum (ETH) has dropped by 4%, while Bitcoin (BTC) is down by around 2%. Other popular altcoins like Solana (SOL) and Dogecoin (DOGE) have taken bigger hits, recording losses between 7% and 8%.
As for XRP, it’s currently trading at around $2.13. While it’s also down, something interesting is happening on its chart.
XRP’s Chart Resembles Its 2017 Pattern
A similarity is emerging between XRP’s current price behavior and its performance in 2017. Back then, XRP consolidated within a narrow range for 210 days (30 weekly bars) before a dramatic surge took it from approximately $0.60 to over $3.30.
In the current market, XRP has been consolidating for 182 days (26 weekly bars), with the price hovering near $2.20. The chart structure appears strikingly similar to the 2017 setup, raising expectations for a possible breakout if…
The post Crypto Slips Into Red, But XRP Quietly Sets Up a Bullish Play appeared first on Coin Edition.
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Crypto Slips Into Red, But XRP Quietly Sets Up a Bullish Play
- Crypto market dips; Ethereum down 4%, Bitcoin down 2%, Solana and DOGE fall 7–8%.
- XRP trades around $2.13, chart mimics 2017 pattern before historic Bullish rally.
- A break above $2.31 may suggest a bullish shift, but the trend remains bearish for now.
The crypto market is down today, with major coins in the red. Ethereum (ETH) has dropped by 4%, while Bitcoin (BTC) is down by around 2%. Other popular altcoins like Solana (SOL) and Dogecoin (DOGE) have taken bigger hits, recording losses between 7% and 8%.
As for XRP, it’s currently trading at around $2.13. While it’s also down, something interesting is happening on its chart.
XRP’s Chart Resembles Its 2017 Pattern
A similarity is emerging between XRP’s current price behavior and its performance in 2017. Back then, XRP consolidated within a narrow range for 210 days (30 weekly bars) before a dramatic surge took it from approximately $0.60 to over $3.30.
In the current market, XRP has been consolidating for 182 days (26 weekly bars), with the price hovering near $2.20. The chart structure appears strikingly similar to the 2017 setup, raising expectations for a possible breakout if…
The post Crypto Slips Into Red, But XRP Quietly Sets Up a Bullish Play appeared first on Coin Edition.
Read More
Ripple vs. SEC: Unexpected Filing Adds Complexity to Crypto Legal Battle