Crypto Snapshot: BTC, ETH, XRP, SOL

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Crypto Snapshot: BTC, ETH, XRP, SOLSOL / TetherUSBINANCE:SOLUSDTJuliiaBitcoin. A confident hold above the MA50 on the daily timeframe. I expect a continuation of the move toward 82,000. The strongest resistance above is the 86k-90k zone. We are currently playing out a double bottom pattern, which is a reversal formation. We could be seeing the beginning of an uptrend. And if the price manages to break above 90k, it would mark a global shift away from short sentiment. Ripple. The key level is 1.50, and there are strong chances that breaking this resistance could take the price up to 2.50, since the formation looks like a wedge and we have a hold above the MA200 on the weekly timeframe. If the market starts moving upward, XRP often tends to move through two levels at once. So I wouldn’t be surprised if the price doesn’t stop at 2 dollars and closes somewhere around 2.50. At least up to 2 dollars, there is practically no resistance, the drop was aggressive. The key is to hold the 1.30 support, because below that level we risk dropping to 0.60. For now, I expect continuation to the upside, and a strong impulsive breakout is possible for XRP. Ethereum. Locally we’re seeing very strong pressure building at the resistance zone around 2400–2450, price is tightening and compressing, which gives a high probability of a breakout. I assume a move toward 3000, because we had a sharp drop before and there is little to no resistance up to 3000 if we break away from 2400. The current consolidation is actually very convenient for opening shorts with tight stops, which could turn into a short trap and lead to an impulsive move toward 3000. For now, I’m still expecting continuation to the upside. Solana has not yet confirmed a double bottom formation. For that, we need a breakout above the 93 level to start a reversal move and validate the pattern. Still, I continue to expect further upside. Solana currently looks the weakest, as it hasn’t even managed to move above the MA50 on the daily timeframe, but the compression toward the moving average suggests a breakout could happen if the broader market moves. In that case, the price could continue toward 110. The strongest resistance zone is around 130–140. For now, we are still in a downtrend and seeing consolidation that formed after it. What’s needed is a broader market move to trigger this. Most likely, we’re waiting for news, as the market is on pause ahead of a resolution of the conflict. If such a resolution happens, the move could be very impulsive and aggressive.