The XRP price is consolidating just below the $1.4 mark, but the technical structure continues to show bullish strength. Interestingly,  XRP has been down by about 4.35% in the past 24 hours, reaching a 24-hour low of $1.296, according to Coinmarketcap data. 

According to an XRP analysis on TradingView, the technical setup is still pointing to a continued price surge. The analysis suggests that XRP could soon rally further, with a near-term price target set at $1.90.

XRP Price Bullishness Continues

The XRP price surge earlier this month was very unprecedented. Particularly, the XRP price surged from a low of $0.4976 on November 3 to reach a three-year high of $1.6 on November 23. This translates to a 220% price increase in over 20 days. 

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However, since it reached this three-year high, XRP has entered a correction phase, retreating by almost 20%. Despite this price correction, XRP has largely traded above a main trendline that has propped up the price during the journey up.

As it stands, technical analysis shows that the XRP price is about to bounce off or break below this trendline, which could make or do its price trajectory from here. An adherence to this main trendline would see XRP bouncing up to the upside, much like it did on November 24. After bouncing up at this point, XRP continued from a low of $1.2775 to retest the $1.54 price level again on November 24.

Now, with the XRP price retesting this major trendline, the more bullish option is an immediate bounce to the upside. A break to the upside would see XRP resuming its uptrend up to the $1.9 price level. Keeping this in mind, the analyst emphasized critical price zones that could shape XRP’s trajectory in the coming sessions. The range between $1.520 and $1.620 has been identified as a crucial area where the price could encounter strong resistance in the coming sessions.

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What’s Next For XRP?

At the time of writing, XRP is trading at $1.39 and is still trading around this main trend line. However, the price has yet to show a decisive bounce from this level. Particularly, current price action points to a continued consolidation in the past few hours. 

While the XRP price continues to exhibit signs of bullishness, there exists the possibility of a break to the downside. This break to the downside would be highlighted by a daily close below $1.38. Should this occur, XRP is likely to extend its decline with a retest of the next significant support at $1.32.

Featured image created with Dall.E, chart from Tradingview.com

Long-term Bitcoin (BTC) holders have started taking profits since the cryptocurrency price attempted to reach $100,000. As a result, Bitcoin’s price has retraced to $93,000, affecting the value of the broader crypto market capitalization.

Is Bitcoin’s price rebounding? Short-term investors may want to know as this on-chain analysis examines the chances.

Activity Around Bitcoin Drops, Holders Book Gains

According to CryptoQuant, Bitcoin’s long-term profit output ratio has surged to 2.86. This ratio measures the activity of long-term investors who have held the coin for more than 155 days.

When the ratio is over 1, it means that these long-term Bitcoin holders are selling at a profit. On the other hand, if the profit output ratio is less than 1, it implies that holders are selling at a loss. Since the reading is higher, it indicates that these holders are booking profits from the recent price hike.

Besides that, it is noteworthy to mention that this profit-taking is the highest holders have taken since August 30. Should this continue, then BTC price risks falling below the $93,000 threshold.

Beyond that, active addresses on the Bitcoin network have significantly decreased this week, which could spell trouble for the cryptocurrency’s price if the trend persists. Active addresses measure the number of unique addresses involved in transactions, reflecting user engagement with the blockchain.

When active addresses increase, it indicates growing network activity and adoption. Conversely, a decline suggests reduced participation.

On November 26, Bitcoin’s active addresses were nearly 1 million, showcasing significant traction. However, as of this writing, the figure has dropped to 768,000, a noticeable decline. If active address activity continues to wane, it may signal weakened market sentiment and could contribute to further price declines, as previously highlighted.

BTC Price Prediction: Time to Go Below $90,000?

On the daily chart, Bitcoin’s price has fallen below the dotted lines of the Parabolic Stop and Reverse (SAR) indicator. This technical tool identifies support and resistance levels.

Dotted lines below the price signal strong support, while lines above the price suggest resistance that could lead to a decline. Currently, Bitcoin faces the latter scenario.

If this resistance persists, BTC could drop to $84,640. However, if long-term holders reduce profit-taking, Bitcoin’s value might rise instead, potentially reaching $99,811.

Uniswap (UNI) price has surged roughly 15% in the last 24 hours, fueled by strong bullish momentum. The RSI has climbed to 67, indicating UNI is approaching overbought territory but still has room for further gains before a potential correction.

If the uptrend continues, UNI could test resistance at $13.3 and $14.8, with a potential push to $17, but a reversal could see it retest supports at $12 or drop to $8.59.

UNI RSI Isn’t Overbought Yet

Uniswap RSI surged from 50 to 67 in just one day, reflecting a strong increase in bullish momentum. The RSI, or Relative Strength Index, measures the speed and magnitude of price movements on a scale of 0 to 100.

Values above 70 indicate overbought conditions and a potential for a correction, while values below 30 suggest oversold conditions and possible recovery. The current RSI of 67 suggests UNI is approaching overbought territory but still has room for further gains.

Given the recent momentum, UNI price could continue climbing until the RSI surpasses 70, signaling stronger bullish sentiment in the short term.

Historically, coins often experience corrections after entering overbought zones. Still, with the RSI not yet there, the surge may have more room to run, as it happened at the beginning of November.

Uniswap BBTrend Is Very Positive

UNI BBTrend is currently at 16.5, remaining positive since November 24 after briefly turning negative between November 23 and November 24. The BBTrend, or Bollinger Bands Trend, measures the strength and direction of price movements relative to the Bollinger Bands.

Positive values indicate upward momentum, while negative values reflect downward pressure. The positive BBTrend signals that Uniswap is currently in a bullish phase.

Although UNI’s BBTrend is still high at 16.5, it has declined slightly from 18 yesterday, suggesting a slight weakening of bullish momentum.

This drop indicates that while the uptrend is intact, the strength of the current rally may not be as strong as before. If the BBTrend continues to decline, it could signal an upcoming consolidation or correction in UNI’s price.

UNI Price Prediction: Can It Reach $17 In November?

If Uniswap price strong uptrend continues, the price is likely to test resistances at $13.3 and $14.8 in the near term. Breaking through these levels could push UNI price as high as $17, marking its highest price since March and representing a potential 36% gain.

However, if the uptrend reverses, UNI price could face a retest of key supports at $12 and $10.4. Should these levels fail to hold, the price might drop further to $8.59, marking a substantial 31% correction.