Crypto Chaos: XRP Hesitates, Bitcoin Bounces, Ether Blazes!

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What on the Charts:

  • XRP remains stubbornly below the sacred $3.65 line, where charts have previously groaned with a bearish pattern, hinting that holders might soon cash in their chips (or stack, if you’re a maximalist).
  • Bitcoin-oh, dear Bitcoin-is twirling within a descending channel, practicing some awkward dance moves while slightly winning the game of “Is it still going up?”
  • Ether, the forever-charming favorite, has just burst out of its shy old triangle, signaling it’s ready to party and maybe flirt with some all-time highs again.

In this agony and ecstasy


XRPXRP$3.2788⇢1.50%

Analyst’s note from the sage CoinDesk-Omkar Godbole, the technicolor wizard of charts.

XRP: Still Playing Hard to Get

The darling payments coin, XRP, decided to moon 11% on Thursday, celebrating a breakout from what looks like a bull flag-somewhateer, a sign of up-and-coming optimism. Yet, beneath all this feline grace, the price stubbornly clings below the $3.65 point, the scene of the recent “tweezer top” kabuki-the bearish reversal pattern that screams “not so fast, buddy.”

Mysteriously, this tweezer top-an elegant pair of candles at the same high-declares the market’s attempted ascent just a fitting rejection, as if the retail gods slammed a door in its face at $3.65. That’s the cursed wall that must be shattered for bulls to dream again.

To overthrow this barrier, they need to wrest control at $3.65-a challenge that’s easier said than done, especially when holders, sitting on Unrealized Profits (or U.P. riding their wave), might decide to cash in their chips at any given moment.

Alphractal, that keen-eyed market oracle, whispers that the high on NUPL echoes peaks last seen in 2021, hinting that profit-taking might just be around the corner-if patience runs out, expect a little market tantrum.

  • Resistance zones: The ‘Big Three’-$3.38, $3.65, and a daring $4.00.
  • Support lines: Lower hurdles-$2.99, $2.72, and the mystical $2.65.

Bitcoin: The Waiting Game

Bitcoin, that grand old warhorse, is taking a breather-forming a classic “descending channel,” as if it’s sighing, “Let me gather my strength.” Inside its golden arrow, the bounce from the 50-day SMA hints at a potential rally, suggesting a long-lost patience is kicking in.

If it breaks free from this dancing diagonal, the sky’s the limit-aiming for record highs above $123,000. But if it decides to dive below the May high of $111,965, we may be headed for a $100K plunge, like a rollercoaster with commitment issues.

  • Resistance: $120K, $122K, $123K-more than just numbers, these are the promised lands.
  • Support: $111,965, $104,562, with a cozy fallback at $100K.

Ether: The Comeback Kid

Ether is knocking on the door of $4,200, waving its long-lost flag higher than in four years! The breakout from a stubborn symmetrical triangle signals a new bullish chapter-like finally opening the door after years of waiting.

Capital’s stable and eager to retest those legendary highs, perhaps peeking above $4,800-an encore of the glory days.

  • Resistance: $4,400, $4,875, $5,000-oh, the dreams.
  • Support: $4,000, $3,941, $3,737-like a safety net, just in case.

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2025-08-09 22:31