Monday, August 10, 2026
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

XRP Tests Ascending Triangle Resistance – Can Bulls Reach $2.40 Level?

by SB Crypto Guru News
April 14, 2025
in Bitcoin
Reading Time: 5 mins read
0 0
A A
0


Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Este artículo también está disponible en español.

XRP has emerged as one of the strongest-performing assets in recent weeks, defying broader market volatility and mounting macroeconomic uncertainty. After a rough start to the month, XRP has rebounded sharply, posting a 32% gain from last Monday’s low. The token’s resilience has caught the attention of analysts and investors as it continues to outperform many of its peers in the altcoin space.

Related Reading

Much of this strength is attributed to growing optimism that macroeconomic tensions—particularly around global trade policies and inflation—may begin to ease. If this trend continues, XRP could be well-positioned to lead the next leg of the crypto recovery.

Top crypto analyst Ali Martinez added to the bullish narrative, sharing a technical analysis showing that XRP is currently trading within an ascending triangle—a pattern typically associated with upward breakouts. Martinez identifies $2.22 as the critical resistance level to watch. If bulls can push above that line, it could open the door to a move to higher price levels.

With momentum building and technical indicators aligning, XRP appears to be approaching a pivotal moment. The next move could determine whether this rally has more room to run—or if resistance will stall the breakout.

XRP Bulls Eye Breakout As Market Looks for Direction

XRP bulls are gaining confidence as the market shows signs of stabilization following weeks of volatility. With global tensions still unresolved, the broader crypto environment remains uncertain—but XRP has managed to hold its ground, consistently trading above the $1.80 level. This steady performance has analysts optimistic that the token could be preparing for a strong move higher, especially if macroeconomic pressure starts to ease in the coming weeks.

The anticipation surrounding potential monetary policy shifts and cooling inflation expectations could create a more favorable environment for risk-on assets like XRP. Some market participants are betting that as clarity returns to the global economy, high-conviction assets will lead the charge—and XRP is firmly on that list.

However, not all analysts agree that the rally will be smooth. A more cautious view suggests that the market might need one more correction to establish a solid foundation. This scenario would involve a dip below current levels to set a new demand zone before the next leg up begins.

In the meantime, Martinez identified a key pattern unfolding: XRP is trading within an ascending triangle—a bullish continuation setup. According to Martinez, the $2.22 resistance level is the crucial threshold. A confirmed breakout above this level could trigger a surge toward $2.40, potentially marking the start of a broader upward trend.

XRP bullish channel formation | Source: Ali Martinez on X
XRP bullish channel formation | Source: Ali Martinez on X

As traders watch price action closely, XRP’s ability to hold key support and test the top of its triangle could determine its next big move. The coming days may prove pivotal in shaping the short-term future of this high-profile altcoin.

Related Reading

Daily Price Action Leans Bullish After Reclaiming Key Averages

XRP is currently trading at $2.14 after a strong move that saw the token reclaim both the 200-day moving average (MA) at $1.89 and the 200-day exponential moving average (EMA) at $1.95. This bullish development signals a potential shift in trend, as XRP bulls now hold a short-term momentum advantage. Holding above these key indicators is essential for sustaining upward pressure and building confidence in a broader recovery.

Price trading above the 200-day MA & EMA | Source: XRPUSDT Chart on TradingView
Price trading above the 200-day MA & EMA | Source: XRPUSDT Chart on TradingView

The next major hurdle lies at the $2.60 daily supply zone. A clean break above that level could open the door for a continuation rally targeting higher resistance zones. For now, bulls will need to maintain strong buying interest and volume to test and eventually breach that level.

However, downside risks remain. If XRP fails to hold the $2.00 psychological support, a deeper correction could unfold. This would invalidate the recent breakout and potentially send the token back toward the $1.80 zone or lower, depending on broader market conditions.

Related Reading

For now, all eyes are on whether XRP can consolidate gains above $2.00 and sustain enough momentum to challenge the next supply region. Traders should monitor volume and broader market cues for confirmation.

Featured image from Dall-E, chart from TradingView 



Source link

Tags: AscendingBitcoin NewsBullsCrypto NewsCrypto UpdatesLatest News on CryptoLevelReachResistanceSB Crypto Guru NewsTestsTriangleXRP
Previous Post

An Excerpt From The Satoshi Papers: The Banker Revolution

Next Post

FinovateSpring 2025: From AI and Crypto to Deregulation and the Customer Experience

Related Posts

Prediction Markets Explode, Circle Has Hot Q2, and More

Prediction Markets Explode, Circle Has Hot Q2, and More

by SB Crypto Guru News
August 9, 2026
0

Key TakeawaysSenate delays CLARITY Act vote to September, raising odds crypto rules stall through Trump’s term.Bitcoin Red Team found 4,962...

Thailand Waives Crypto Capital Gains Tax on Licensed Platforms

Thailand Waives Crypto Capital Gains Tax on Licensed Platforms

by SB Crypto Guru News
August 9, 2026
0

In Thailand crypto news today, the Southeast Asian nation has adopted a 0% personal income tax rate on capital gains...

VALR’s Ehsani Warns Crypto Curbs Could Reduce Regulatory Oversight

VALR’s Ehsani Warns Crypto Curbs Could Reduce Regulatory Oversight

by SB Crypto Guru News
August 9, 2026
0

Key TakeawaysNational Treasury and SARB release draft rules governing cross-border crypto transfers.VALR CEO Farzam Ehsani warned that banning corporate crypto...

France Pushes Bill to Share Crypto Tax Data With 48 Nations

France Pushes Bill to Share Crypto Tax Data With 48 Nations

by SB Crypto Guru News
August 8, 2026
0

Key TakeawaysFrance introduced a bill to enact the CARF framework, sharing crypto users’ data with 48 countries.The bill accelerates data...

Genius Sports Now Settles Contracts for Both Kalshi and Polymarket

Genius Sports Now Settles Contracts for Both Kalshi and Polymarket

by SB Crypto Guru News
August 8, 2026
0

Key TakeawaysGenius Sports signed Polymarket on Aug. 4 and Kalshi on Aug. 5.Genius booked prediction-market revenue in Q2, before either...

Load More
Next Post
FinovateSpring 2025: From AI and Crypto to Deregulation and the Customer Experience

FinovateSpring 2025: From AI and Crypto to Deregulation and the Customer Experience

Jack Dorsey Calls for End to Intellectual Property Law

Jack Dorsey Calls for End to Intellectual Property Law

  • Trending
  • Comments
  • Latest
AI Giants Unleash 4 Frontier Models in 3 Weeks as the Race Enters Overdrive

AI Giants Unleash 4 Frontier Models in 3 Weeks as the Race Enters Overdrive

July 26, 2026
Saylor and Strategy Officially Back CLARITY Act for US Crypto

Saylor and Strategy Officially Back CLARITY Act for US Crypto

July 31, 2026
How to Track Your Brand’s AI Visiblity in 2026 

How to Track Your Brand’s AI Visiblity in 2026 

August 1, 2026
SUI Prints Bullish Flag Pattern As Traders Watch For Breakout

SUI Prints Bullish Flag Pattern As Traders Watch For Breakout

July 18, 2026
The .2 billion options wall came down, and this time Bitcoin actually moved

The $1.2 billion options wall came down, and this time Bitcoin actually moved

July 21, 2026
Ironwood Goes Live as Zcash Locks Down Orchard and Forces a .8B Migration

Ironwood Goes Live as Zcash Locks Down Orchard and Forces a $1.8B Migration

July 28, 2026
Investors poured  million into Canary’s XRP ETF, but falling prices erased double what they put in

Investors poured $82 million into Canary’s XRP ETF, but falling prices erased double what they put in

0
Here Are Signs That a Founder Used AI to Apply to Y Combinator

Here Are Signs That a Founder Used AI to Apply to Y Combinator

0
Bitcoin ETFs Add Nearly 0 Million In The Wake Of Coldcard Exploit

Bitcoin ETFs Add Nearly $800 Million In The Wake Of Coldcard Exploit

0
I Watched My Startup Run Out of Time and Money — Here Are the 5 Steps That Turn a Setback Into Your Next Advantage

I Watched My Startup Run Out of Time and Money — Here Are the 5 Steps That Turn a Setback Into Your Next Advantage

0
Prediction Markets Explode, Circle Has Hot Q2, and More

Prediction Markets Explode, Circle Has Hot Q2, and More

0
BIP-110 Backers Plot Minority Chain’s PoW Reset to ‘Fire’ Bitcoin Miners – Bitcoin News

BIP-110 Backers Plot Minority Chain’s PoW Reset to ‘Fire’ Bitcoin Miners – Bitcoin News

0
Investors poured  million into Canary’s XRP ETF, but falling prices erased double what they put in

Investors poured $82 million into Canary’s XRP ETF, but falling prices erased double what they put in

August 10, 2026
BIP-110 Backers Plot Minority Chain’s PoW Reset to ‘Fire’ Bitcoin Miners – Bitcoin News

BIP-110 Backers Plot Minority Chain’s PoW Reset to ‘Fire’ Bitcoin Miners – Bitcoin News

August 9, 2026
Prediction Markets Explode, Circle Has Hot Q2, and More

Prediction Markets Explode, Circle Has Hot Q2, and More

August 9, 2026
XRP Ledger Foundation Warning as Fake Rewards and Wallet Phishing Surge Online

XRP Ledger Foundation Warning as Fake Rewards and Wallet Phishing Surge Online

August 9, 2026
Thailand Waives Crypto Capital Gains Tax on Licensed Platforms

Thailand Waives Crypto Capital Gains Tax on Licensed Platforms

August 9, 2026
BIP-110 Bitcoin fork stalls 57 blocks behind dominant chain

BIP-110 Bitcoin fork stalls 57 blocks behind dominant chain

August 9, 2026
Facebook Twitter LinkedIn Tumblr RSS
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.