🚀 XRP's Triangle Breakout Sets $2.59 Price Target, Analyst Says
Crypto analyst Dark Defender has highlighted a potential price target of $2.59 for XRP following its weekly triangle breakout. According to NS3.AI, Dark Defender noted that the cryptocurrency could find support at key Fibonacci levels of $1.31 and $1.37, provided it maintains its position above the previous resistance.
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Bitcoin Mirrors 2015-2018 Market Cycle
📈 A new report from *Glassnode* outlines parallels between Bitcoin's current bullish trend and the 2015-2018 market cycle. Key insights include:
- Price retracements align with Fibonacci thresholds of 10.1%-23.6%.
- Current capital inflows doubled, but below the previous cycle's peak.
- Centralized exchanges have seen reserves drop from 3.1M BTC to 2.7M BTC.
- 1.1M BTC shifted from long-term to short-term wallets during price ascent.
While Bitcoin's macro trend is bullish, cautions arise about distribution phases preceding waning demand. Historical patterns suggest potential market stability ahead.
Full report here
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