XRP has staged a sharp rebound after a brutal sell-off that flushed price into deep capitulation territory, sparking a fast and aggressive bounce. While the recovery shows clear short-term strength, the bigger question remains whether this move marks the start of a meaningful trend shift or just another relief rally within a broader downtrend. Capitulation…
Tag: Descending Trendline
Ethereum Price Set To Break Out Against Bitcoin, But How High Can It Go?
The cryptocurrency industry went under intense pressure last week, with Bitcoin and Ethereum leading the crash and multiple cryptocurrencies hitting new multi-month lows. The crash was more pronounced with Bitcoin, though, and the imbalance in selling pressure is quietly shifting the relationship between the two assets. The interesting imbalance is relayed in Ethereum’s performance relative…