XRP could be repeating the same price pattern that came before its massive rally in the 2017/2018 market cycle. Latest market data suggests the asset is again moving within a symmetrical triangle, similar to the structure that eventually led to a remarkable 66,000% gain and pushed XRP to $3.31 nine years ago.
Shiba Inu continues to trade under strong bearish pressure, with its broader market structure still pointing lower despite early signs that selling momentum may be easing. This assessment comes from market commentator Dukes Markets Analysis, who shared the outlook in a recent TradingView publication titled “SHIB: From Meme Queen to New Historic Lows.” Bearish Trend Remains Firmly Intact for Shiba Inu According to Dukes, Shiba Inu remains below both its 50-day and 100-day Exponential Moving Averages (EMAs), two widely used indicators for identifying the prevailing market trend.
XRP has formed an inverse head-and-shoulders pattern on the daily chart, with its completion targeting a 16% move to $1.32. The setup comes amidst the recent price rebound.
XRP has continued to maintain support within an ascending triangle over the past eight years, with chart data pointing to new price targets. Currently, XRP changes hands at $1.13, up more than 9% this month after opening at $1.0385.
Ethereum is showing stronger network activity despite a relatively modest price recovery. A sharp increase in smart contract deployments is coinciding with rising exchange liquidity and leveraged trading, according to CryptoQuant analyst CryptoOnchain.
A recent analysis has identified that Cardano is trending within a descending wedge, and a breakout could take the altcoin to $0.60. Specifically, Crypto Banter’s Sheldon shared this Cardano (ADA) price analysis in a recent YouTube livestream.
XRP has reached an important resistance level after breaking above the Ichimoku Cloud on the one-hour chart amid a recent rebound push. The breakout has improved the token's short-term outlook, but buyers still need to push through key resistance levels before they can confirm that the recovery has more room to continue.
Shiba Inu is showing renewed signs of weakness as its current price action closely resembles a bearish setup that unfolded in 2023. According to analysts, Shiba Inu's recent market structure shares a 91.2% similarity with the price pattern recorded between April and June 2023, increasing the possibility of another downside move before any meaningful recovery.
XRP is showing early signs that it has regained bullish momentum after breaking out of a structure that has suppressed its price for several weeks. The coin’s bullish price action over the past few days has aided this breakout.
Crypto investor Mike Alfred has ignited fresh debate across the digital asset community after sharing an unusually bearish long-term outlook for XRP. In a post on X, Alfred revealed that he expects Bitcoin (BTC) to eventually reach a long-term target of $1.5 million per coin and Ethereum (ETH) to climb to $31,500.
XRP has a positive average performance record in July of every midterm year, and its price trend so far suggests a repeat. At the time of writing, XRP trades at $1.088, down less than 1% in the past 24 hours.
Bitcoin spot demand has weakened sharply even as its price has remained relatively stable in recent weeks. According to CryptoQuant, this divergence could leave the market vulnerable if selling pressure returns.
XRP has entered a difficult position after falling below all four of its major exponential moving averages (EMAs) on the daily chart. At the time of writing, the token trades at $1.0863, below the 20-day, 50-day, 100-day, and 200-day EMAs.
XRP has continued to trade within a falling channel since dropping from the $3.6 peak, with the structure now mapping a path above $3. Notably, for almost a year, the token has formed a pattern of lower highs and lower lows while staying between two downward-sloping parallel trend lines.
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