Bearish Signals Strengthen for XRP 

On the daily chart, XRP is forming a bearish symmetrical triangle pattern. This suggests a potential 40% drop to $1.25. Additionally, transaction volume on the network is declining. 

Volatility Ahead of Fed Meeting 

Ahead of the Fed’s interest rate decisions, XRP faces a $55 million liquidation risk. Open interest has decreased by $500 million, falling to $3.8 billion, indicating shaken investor confidence. The XRP/BTC ratio is also at a three-week low, showing weakness against Bitcoin. 

Foreign Analysts’ Predictions 

Bank of America predicts XRP could reach $15 by 2030. However, in the short term, Bybit data reveals that $8 million in long position liquidations is fueling selling pressure. CryptoQuant notes that the MACD indicator has turned negative, but the 45% RSI level offers a slight chance of recovery. 

• Kraken analyst James points out that the MACD has turned negative, but the Bollinger Bands are narrowing. This suggests potential increased volatility. 
• A break below a support level (e.g., closing below $2.00 USD) could trigger a move toward the next support levels ($1.96 or $1.77 USD). 
• A breakout above resistance levels (e.g., $2.20 or $2.48 USD) could initiate a new uptrend. A breakout supported by volume increases the reliability of the move. 

Analysts predict that, thanks to Ripple’s technological infrastructure and institutional adoption, Ripple could test the $3.00–$4.00 USD range by the end of 2025. While XRP faces short-term pressure, it holds long-term potential. Closely monitoring the market is crucial. 

***NOT INVESTMENT ADVICE ***

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post XRP Price Faces Downside Risk: What Are Analysts Saying? appeared first on Coin Engineer.

Over the past two weeks, two whale wallets have accumulated a total of 20.58 million WIF, equivalent to roughly $33.35 million. These large-scale acquisitions have fueled optimism around WIF’s future prospects. On-chain data reveals that two addresses, in particular, have been actively buying substantial amounts of WIF from exchanges like Binance and Bybit. September is typically characterized by weak market performance, but it seems these whales are capitalizing on this period of uncertainty.

The price chart indicates a breakout from a long-term descending wedge pattern. Since April 2024, the memecoin has been in a downtrend, but recent price action suggests the formation of a double bottom reversal pattern, hinting at potential upward movement.

Technical indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are also signaling bullish momentum, increasing the likelihood of a price breakout. Analysts believe that if WIF continues on its current path, it could easily surpass the $2 mark and extend its rally.

On the 4-hour chart, Dogwifhat has broken out of a triangle formation and crossed above the 200-day exponential moving average (EMA). This breakout has intensified upward pressure, with analysts focusing on the Fibonacci levels at $2.04 and $2.52. If the current trend holds, Dogwifhat could clear key resistance levels with ease. Investors in memecoins are closely monitoring WIF’s price action, eager to see where it heads next.

In the comment section, you can freely share your comments about the topic. Additionally, don’ t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post Whales Flock to Dogwifhat (WIF) appeared first on Coin Engineer.

What is MACD?

MACD is a momentum indicator that measures the relationship between two different moving averages. It typically shows the difference between the 12-day exponential moving average (EMA) and the 26-day EMA. This difference is called the MACD line. Additionally, a 9-day EMA is used as a signal line and is plotted on top of the MACD line. Investors make buy-sell decisions based on the intersections of the MACD line with the signal line.

What is DEMA?

DEMA is a more responsive version of moving averages. It offers less lag compared to traditional moving averages and responds more quickly to price movements. This is particularly advantageous for short-term trading strategies. DEMA is created through a two-layered calculation: first, an EMA is calculated, and then another EMA is applied to this EMA, resulting in a faster-moving average.

How Does MACD DEMA Work?

This indicator is a faster and more sensitive version of the classic MACD. Here, DEMA is used in the calculations of both the MACD line and the signal line. As a result, the indicator is more responsive to market movements.

Using MACD DEMA:

1. Crossover Signals: When the MACD line crosses above the signal line, it is considered a buy signal. Conversely, a downward crossover is seen as a sell signal. The use of DEMA allows these crossovers to occur more quickly.
2. Zero Line Crossover: When the MACD line crosses above the zero line, it may indicate the beginning of an upward trend. A downward cross suggests a downward trend.
3. Divergences: A divergence between price movement and the MACD line can signal a potential trend reversal.

This indicator offers investors the ability to analyze trends and momentum more quickly and accurately. Its greater sensitivity compared to the classic MACD indicator provides an edge, especially in volatile markets. However, like all indicators, it’s important to use MACD DEMA in conjunction with other technical analysis tools to achieve the best results.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is the MACD DEMA Indicator and How Does It Work? appeared first on Coin Engineer.

Following the news, XRP’s price surged over 20%, breaking above the crucial $0.60 level. Technical analysis suggests that XRP is poised for a potential breakout from a long-term symmetrical triangle pattern.

XRP Price Analysis

A symmetrical triangle pattern has formed on XRP’s weekly chart, suggesting a period of consolidation before a significant price move. The recent bounce off the support trendline of the triangle, coupled with bullish candlestick patterns and positive RSI and MACD readings, indicates a potential upward breakout.

If XRP successfully breaks out of the triangle, price targets of $0.95 to $1.02 are possible based on both wave count analysis and the height of the triangle itself.

You can share your opinions in the comments about the topic. Also, follow us on Telegram, Twitter, and YouTube for more content like this.

The post XRP Rallies 20% After SEC Legal Victory: Potential Breakout Ahead appeared first on Coin Engineer.

il Capo following this upsurge, he took to Twitter to share his thoughts, stating that the $65.500 resistance level has been decisively broken and the next target is $67.000. Despite his prior bearish stance, il Capo believes the bull run is not over for Bitcoin in this cycle.

Some analysts, however, remain cautious, suggesting that this sudden rally could be a short-lived move and the price may retrace to $65,000 again.

Bitcoin’s daily and weekly moving averages are currently trending upwards, indicating increasing buying pressure. Indicators are also flashing bullish signals. Notably, the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are both in buying territory.

Bitcoin price has been on a roller coaster ride lately. The recent surge suggests that buyers are re-entering the market. However,

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram  ,YouTube and Twitter channels for the latest news and updates.

The post Bitcoin (BTC) Price Surges! Here’s the Data and Legendary Analyst’s Next Prediction appeared first on Coin Engineer.