20% XRP Surge Hints at $2, Bitcoin (BTC) Does Something We Didn't Want, Crucial Pepe (PEPE) Move Incoming, Here's When
Author: Content Editor
The price of XRP has risen by 20% to $1.166, indicating a bullish trend and the potential for further price increases. The next resistance level to watch is $1.80, and if that is broken, XRP may reach the significant $2.00 mark. Long-term targets for XRP could be in the range of $2-$20. However, a decline below $1.30 could suggest a weakening trend.
On the other hand, Bitcoin is showing signs of a potential reversal as it makes lower highs on the daily chart, which may indicate waning momentum and a possible correction. Bitcoin is facing resistance and needs to overcome the immediate resistance level of $98,000 to maintain its bullish momentum. Support levels at $88,000 and $78,000 are crucial on the downside. The Relative Strength Index (RSI) suggests that Bitcoin may need some cooling time before a significant move.
Pepe's price is currently consolidating under a descending trendline, indicating a short-term downtrend. However, the price is hovering around a crucial support level at the 21-day EMA, which could lead to a bullish reversal if it can hold above this level. A break below the 21 EMA could result in a more severe correction, with support levels at $0.00001746 and $0.00001350.
Trading volume for Pepe is declining, suggesting a consolidation phase before a potential breakout. Increased volatility and a breakout from the current range are expected once volume spikes. Pepe needs to break through the descending trendline with high volume to confirm a bullish breakout.