This year, XRP Coin presented substantial profit opportunities for investors. After years of waiting to surpass its all-time high, XRP Coin investors are finally out of the nightmare with the conclusion of a significant lawsuit. Ripple ‘s strategic acquisition of three major companies and the introduction of ETFs have marked a pivotal moment. Furthermore, what are the indications on the charts suggesting, and why could Bitcoin swiftly reach $100,000?
XRP Coin Chart Analysis
While Bitcoin and Ethereum showed mixed trends, XRP Coin experienced clear inflows in November with the ETF launch, aiming to recuperate past losses. As Bitcoin tests the $93,000 resistance, XRP Coin holds above the $2.2 support level. Analyst Efloud highlighted key price points in their recent evaluation with the shared chart.
The analysis indicates ongoing consolidation, with a short-term resistance at $2.4. A support level at $2.08 could result in $1.95 support if breached. The potential gain above the Daily Imb at $2.56 may target the next resistance levels at $2.75 and $2.95. However, a loss in the $1.95 region might lead to considering the depths of the green-boxed area ($1.54). The market trend remains non-bullish, necessitating strategy confirmations on lower timeframes when trading against the trend.
Bitcoin Short Liquidation
Analysts observe the current resistance level closely, predicting that breaking it may rapidly test the $100,000 mark. This optimism stems from the potential for a series of increases due to the liquidation of excessive short positions. Analyst Dragosch shares similar views, highlighting the resistance area due to possible major short liquidations between $97k – $99k.
The chart demonstrates BTC’s potential short and long liquidation levels on Hyperliquid. If BTC reaches these levels, a jump to $100k is anticipated.
Sherpa’s chart analysis suggests the resistance won’t be too challenging, with BTC expected to reach $96,000 soon. Many analysts, including Roman Trading, predict a reaction rise near $104,000. Meanwhile, those believing the cycle is over anticipate testing below $70,000 post-peak.