🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
Ripple’s XRP to See a 50% Crash in Price? Analysts Share Short-Term Outlook
The outlook for Ripple’s XRP is both positive and negative, with analysts highlighting bullish and bearish patterns. According to prominent, self-proclaimed market wizard Peter Brandt, a head-and-shoulders pattern has formed on the XRP daily chart
The formation hints at a potential drop in price value, and according to the analyst, XRP could drop to lower levels of $1.07 or $1.90 in the near term. A break below the $3 price level weakened the H&S model, and a continuous consolidation in price could result in a massive 55% drop in price value.
“Updating a chart for those interested, I have no vested interest up or down. XRP is forming a textbook H&S pattern. So, we are now range-bound. Above 3.000 I would not want to be short. Below 1.9 I would not want to own it” he wrote in a post shared to X
Conversely, market analyst Javon Marks sees a more favorable outcome in the near term. According to his assertion, a trend reversal is in view, courtesy of XRP’s price and relative strength index (RSI) breaking through a descending wedge.
“XRP’s Price and RSI has BROKEN OUT TO THE UPSIDE! The last breakout resulted in a roughly +570% price increase and prices can be ready for another substantial surge.” He asserted.
XRP is trading for $2.17 at the time of this report. Down 2.31% from its all-time high of $3.84, XRP has lost 7% of its value over the past 24 hours. Weekly losses have yet to be cleared, and XRP has emerged as the highest loser today.