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Cup-and-Handle Ignites XRP — $4 in Sight Amid 20-Day Moving Average Reclaim

XRP Cup and Handle Formation Signals Potential Surge Toward $4 According to market analyst Steph is Crypto, XRP is showing early signs of a bullish breakout, as technical charts reveal a classic cup and handle formation. This pattern, widely recognized by traders as a precursor to upward momentum, suggests that XRP could be preparing for a significant price run, potentially targeting the $4 level. The cup and handle pattern features a rounded base (the cup) followed by a brief consolidation (the handle), signaling renewed bullish momentum after a period of correction. For XRP, the extended cup reflects weeks of accumulation and stabilization, while the forming handle suggests a short pause before a potential breakout. Notably, rising trading volumes strengthen the bullish outlook, with on-chain data revealing accumulation by large holders, or “smart money,” ahead of a potential rally. Supporting this sentiment, both the RSI and MACD are turning firmly bullish, signaling growing momentum and an increased likelihood of continued price gains. Why is this a major move? Well, If XRP breaks above the handle, it could surge toward $4, setting a new all-time high beyond $3.65 and signaling a full recovery from past lows. XRP Signals Potential Bullish Reversal Amid Technical Momentum According to market commentator Justcryptopays, XRP is showing early signs of a potential reversal, igniting renewed optimism among traders and investors. The analyst highlights two key technical indicators suggesting that bullish momentum may be building in the near term. First, the Moving Average Convergence Divergence (MACD) has recently crossed above its signal line, a classic technical indicator that often signals a shift from bearish to bullish sentiment. Historically, such crossovers are viewed as early warnings of potential upward price movement, attracting traders looking for breakout opportunities. In XRP’s case, this MACD crossover indicates that momentum is starting to favor buyers, suggesting a reversal could be underway after the recent consolidation phase. Second, XRP’s price has successfully moved above the 20-day moving average, another significant technical milestone. The 20-day moving average acts as a short-term trend gauge, and crossing above it often implies that buying pressure is intensifying. When combined with the MACD crossover, this development strengthens the case for a bullish shift, signaling that the market may be ready to test higher resistance levels. What is expected? Well, while the bullish signals are promising, a keen eye should be given for sustained price action above the moving average. A confirmed hold could trigger a stronger rally fueled by momentum buyers, while failure to maintain this level may lead to a retest of key support zones critical to the bullish outlook. Conclusion XRP’s emerging cup and handle pattern signals the potential start of a strong bullish phase, putting the $4 target within reach. Backed by rising on-chain accumulation, bullish technical indicators, and renewed institutional confidence, XRP appears poised to regain momentum. A sustained breakout could not only confirm the pattern but also mark a broader resurgence in market confidence for the digital asset. XRP’s recent MACD crossover and breakout above the 20-day moving average signal a potential shift from consolidation to accumulation. These bullish indicators highlight strengthening buyer confidence and hint at an emerging market reversal, pending confirmation through sustained price momentum. CoinOtag

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Corporate Bitcoin Purchases Slow Amid Volatility, Hinting at Fragile Market Momentum

Public companies have significantly reduced Bitcoin and Ethereum purchases following October’s market decline, with buying activity hitting near-year lows. This slowdown reflects caution amid volatility, though firms like BitMine continue CoinOtag