XRP and BTC current update (Good and Bad News)

[CharorowtzXD]

Good day you all.
It’s the last day of November. And tomorrow is officially the start of the last month of year 2024.

But before we say goodbye to this month, let me share to you first the current update of 2 of the strongest coins right now which are XRP and BTC.

According to the articles I have read online, one of the two can possibly go higher and the other one, go low once again.

According to one of the writers of U.today named Arman Shirinyan, the price of XRP has risen by 20% to $1.166, continuing its remarkable rally. After breaking above $1.00, to start the first wave, XRP went through a consolidation phase around $1.30 to form the second wave and with a strong momentum and rising volume, XRP now seems to be in its third wave. In the past, this wave has a tendency to push prices higher than earlier movements, drawing in more buyers and boosting optimism. The next resistance level which will be at $1.80, is one of the important levels to keep an eye on while XRP's momentum is still strong. However according to the writer, If this level is broken, XRP may reach the $2.00 mark, a significant psychological barrier and all-time high and if If XRP continues on this path, $2-$20 might also be considered a long-term target. The Immediate resistance is at $1.80. Above this, a breakout validates the strength of the third wave. A significant psychological and historical barrier that might draw increased market activity is $2.00.

Super wow for everyone who is curently holding XRP. As for me, it’s heart breaking because I have sold all my XRP fewhours before it increased it’s value. Hahahahahaha! Anyhow, if ever it's value goes down again just like how it happened many times before, I'll surely start stacking this currency once again just before it finally reaches 20$ per coin hahahaha.

As for Bitcoin, he entitled his article, Unpleasant Bitcoin market

As to why, according to him, Bitcoin could possibly go down to around $88,000 - $78,000.

This is exactly what he said in his article “As Bitcoin makes a lower high on the daily chart, it is indicating that it may be about to reverse. For bullish traders, this is worrisome because lower highs frequently indicate waning momentum and may suggest a more significant correction. Bitcoin is currently facing resistance that could limit its short-term upside potential despite its recent strong run. When the high falls, it means that buyers are losing control and cannot drive the price to new highs. As sellers gain confidence and trading volumes begin to decline, this pattern usually comes before longer consolidation or further downward movement. If Bitcoin does not surpass the most recent high of about $97,000, the current rally may be put to the test.

Right now, Bitcoin is trading at about $97,500, just below the psychological $100,000 threshold. BTC must overcome the immediate resistance level of $98,000 in order to rekindle the bullish momentum. Support levels of $88,000 and $78,000 are crucial on the downside. The lower high pattern would be validated by a breakdown below $88,000, which would probably trigger a deeper retracement toward the $78,000 area, which corresponds to the 50 EMA. The fact that the Relative Strength Index (RSI) is still close to overbought levels suggests that Bitcoin might require some cooling time before making another big move. There is also a possibility of short-term weakness because volume seems to be tapering off in comparison to earlier in the rally.

This is truly a sad news for everyone currently holding BTC and hoping for the currency to finally reach $100,000. However, all I can say is that this is how cryptocurrency works. The market value of Bitcoin, like all other non-stable coins, constantly fluctuates. When it rises, it can soar to great heights, but when it falls, it can drop significantly. These movements depend on various factors such as market demand, market supply, investor sentiment, and macroeconomic conditions.

To read more about the article, visit this link. https://u.today/20-xrp-surge-hints-at-2-bitcoin-btc-does-something-we-didnt-want-crucial-pepe-pepe-move-incoming

You guys can also read more articles about other crypto in U.today


Have a good one everyone and thanks for taking time to read my post