A cryptocurrency analyst has highlighted how the $0.90 XRP level aligns with 
the support level of a long-term pattern in the asset&#8217;s monthly price. XRP Has 
Potentially Been Following A Long-Term Ascending Triangle In a new post on X, 
analyst Ali Martinez has shared a technical analysis (TA) channel forming in 
the 1-month price of XRP. The pattern in question involves two trendlines: a 
flat upper level and an upward-facing lower level. A channel involving 
converging trendlines like this is popularly known as a triangle. In the case 
of this particular triangle, the setup resembles that of a specific type: the 
Ascending Triangle. The fact that the lower level has a positive slope means 
that as the price trades inside an Ascending Triangle, its range shrinks to a 
net upside. This is the reason behind the pattern having &#8220;ascending&#8221; in its 
name. Related Reading: Newbie Bitcoin Whales Took $1.77 Billion In Loss During 
Price Crash: Data Like with other consolidation patterns in TA, the upper 
level of the Ascending Triangle is considered to be a source of resistance, 
while the lower one that of support. If the asset manages to break past either 
of these boundaries, it might experience a continuation of trend in that 
direction. Now, here is the chart shared by Martinez that shows the Ascending 
Triangle that the monthly price of XRP has been trading inside for the last 
few years: As displayed in the above graph, the 1-month XRP price retested the 
resistance level of the Ascending Triangle last year and ended up being 
rejected down. Since then, the cryptocurrency has experienced a notable 
drawdown, with its price now closer to the bottom level than the top one. In 
the chart, the analyst has extended the current trajectory of the asset to 
showcase a path that it could possibly end up following in the coming months. 
From this, it&#8217;s apparent that XRP could end up retesting the lower level 
around $0.90. &#8220;I’m watching $0.90 closely on $XRP,&#8221; noted Martinez. &#8220;If price 
gets there, I think it could offer a compelling long-term buying opportunity.&#8221; 
It now remains to be seen whether the current bearish trajectory of the 
cryptocurrency will continue for a duration long enough for this level to be 
retested. Related Reading: Dogecoin Tests Channel Floor Again: Breakdown Or 
Rebound? Triangles aren&#8217;t the only class of consolidation patterns in TA. 
Another major category is made up of Parallel Channels, patterns that involve 
two parallel trendlines. As the analyst has pointed out in another X post, 
Ethereum has been trading inside one such channel on the weekly timeframe. As 
is visible in the chart, Ethereum has traveled 75% of the way down the channel 
with its recent drawdown. The next relevant level is located at $1,096, 
corresponding to the bottom trendline. XRP Price XRP went down to a low of 
$1.05 earlier, but its price has since bounced back a bit to $1.15. Featured 
image from Dall-E, chart from TradingView.com

A cryptocurrency analyst has highlighted how the $0.90 XRP level aligns with the support level of a long-term pattern in the asset&#8217;s monthly price. XRP Has Potentially Been Following A Long-Term Ascending Triangle In a new post on X, analyst Ali Martinez has shared a technical analysis (TA) channel forming in the 1-month price of &#8230;

XRP Could Offer Major Buying Opportunity At $0.90, Analyst Says

JPMorgan&#8217;s strategic AI hires signal a competitive edge in financial 
innovation, potentially reshaping industry standards and investor 
expectations.
The post JPMorgan hires Nomura&#8217;s AI strategy chief Tahir Zafar, starts in July 
appeared first on Crypto Briefing.

JPMorgan&#8217;s strategic AI hires signal a competitive edge in financial innovation, potentially reshaping industry standards and investor expectations. The post JPMorgan hires Nomura&#8217;s AI strategy chief Tahir Zafar, starts in July appeared first on Crypto Briefing.

JPMorgan hires Nomura’s AI strategy chief Tahir Zafar, starts in July

The tech stock selloff presents a strategic entry point for investors, as AI&#8217;s 
nascent stage suggests significant future growth potential.
The post Nvidia CEO Jensen Huang calls tech stock selloff a buying opportunity 
as AI &#8216;just beginning&#8217; appeared first on Crypto Briefing.

The tech stock selloff presents a strategic entry point for investors, as AI&#8217;s nascent stage suggests significant future growth potential. The post Nvidia CEO Jensen Huang calls tech stock selloff a buying opportunity as AI &#8216;just beginning&#8217; appeared first on Crypto Briefing.

Nvidia CEO Jensen Huang calls tech stock selloff a buying opportunity as AI ‘just beginning’

The escalation in Middle East tensions underscores crypto&#8217;s vulnerability to 
geopolitical risks, prompting a swift investor shift to safer assets.
The post Israel launches retaliatory air strikes on Iran, crypto markets shed 
over $1 billion in liquidations appeared first on Crypto Briefing.

The escalation in Middle East tensions underscores crypto&#8217;s vulnerability to geopolitical risks, prompting a swift investor shift to safer assets. The post Israel launches retaliatory air strikes on Iran, crypto markets shed over $1 billion in liquidations appeared first on Crypto Briefing.

Israel launches retaliatory air strikes on Iran, crypto markets shed over $1 billion in liquidations

Peter Schiff’s bitcoin poll reignited debate after most respondents indicated 
that even a collapse to $0 would not prove his bearish case correct, while 
others pointed to thresholds between $20,000 and $1,000. Schiff also warned 
that technical weakness could drive BTC toward $25,000 to $27,000, raising 
scrutiny of Strategy Inc.’s exposure. Bitcoiners Reject Peter Schiff’s […]

Peter Schiff’s bitcoin poll reignited debate after most respondents indicated that even a collapse to $0 would not prove his bearish case correct, while others pointed to thresholds between $20,000 and $1,000. Schiff also warned that technical weakness could drive BTC toward $25,000 to $27,000, raising scrutiny of Strategy Inc.’s exposure. Bitcoiners Reject Peter Schiff’s &#8230;

Peter Schiff Poll: Bitcoiners Stand Firm Even if Bitcoin Crashes to $0

Heightened Iran-Israel tensions could destabilize regional security, impact 
global markets, and influence central bank policies amid energy volatility.
The post Iran closes airspace around Imam Khomeini Airport as Israeli strikes 
rattle Tehran, Bitcoin slides to $63K appeared first on Crypto Briefing.

Heightened Iran-Israel tensions could destabilize regional security, impact global markets, and influence central bank policies amid energy volatility. The post Iran closes airspace around Imam Khomeini Airport as Israeli strikes rattle Tehran, Bitcoin slides to $63K appeared first on Crypto Briefing.

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