🔮 XRP Price Prediction: Will the $0.60 Supply Zone Make or Break?

✔️ Ripple's [XRP] recent surge of 11% owes some credit to Grayscale's XRP Trust inclusion, but it now faces a critical juncture near the Q3 supply zone at $0.60.

🐋 Whales have historically capitalized on this zone, triggering profit-taking. Is history set to repeat itself in XRP's price prediction?

🔄 The Q3 trend has been promising, with July's recovery and August's legal win against the SEC pushing XRP close to the pivotal $0.60 level.

⏰ As we approach this zone again, a potential rejection could see XRP dip to $0.54, offering shorting opportunities amidst a cooling market.

📉 However, if XRP manages to turn the supply zone into support, re-entry becomes an attractive option amid optimistic expectations of Fed rate cuts.

📈 Technical indicators like RSI suggest room for further upside, but overbought signals from stochastic RSI emphasize the importance of monitoring this crucial level.

💱 Exchange data reveals reduced selling pressure, as inflows on Binance dropped significantly. This aided the ongoing uptrend.

🐳 Yet, caution is warranted as past trends indicate that a rally to $0.60 might entice whales to offload their holdings once more, potentially derailing XRP's ascent.

💫 Speculators eye alternative entry points at $0.54 or even $0.50 if the bearish scenario unfolds, unless a strong post-FOMC rally in risk markets flips the script.

🪙 The future for XRP hangs in the balance as it navigates this make-or-break supply zone amidst both bullish and bearish factors vying for control.

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🔹 Ethereum's 3% bluff: Will ETH remain above $2.5K or fall to $2.3K?

🐻 Bearish Start, Bullish Shift
Ethereum saw a pullback after testing the $2,700 mark, but it's now up over 3% at $2,521. The altcoin season index isn't as confident, though.

⬆️ Distribution Phase Ahead?
ETH exchange reserves are on the rise, suggesting traders are cashing in on the recent surge. This has happened before near resistance levels.

🔥 A Rally in the Making?
While there's no guarantee, Open Interest among Futures traders is up slightly. But long-term holders have been selling, hinting at a bearish trend.

💬 Undervalued Asset or Waiting Game?
The market value of ETH may be below its realized value, signaling a potential buying opportunity. But without a significant Open Interest surge, true value remains uncertain.

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🪙 Solana buyers lose interest: How long will SOL’s $138 support hold?

🔥 Bearish winds blow as Solana [SOL] takes a hit, down by nearly 4% in the last 24 hours. The broader crypto market's influence is evident, with SOL trading at $139.

➡️ Diminished buyer interest is reflected in lower trading volumes (-12%) and technical indicators like the Chaikin Money Flow (CMF) and Relative Strength Index (RSI) pointing towards a bearish momentum.

⏰ As Solana tests a crucial support level, traders wonder if a bullish reversal is on the horizon or if the bears will continue to dominate.

💫 However, there's a glimmer of hope as Solana's recent bounce from the $138 support has bulls eyeing the immediate resistance at $146 and the key level of $152 for a confirmed uptrend.

🆒 Despite the price action, Solana's on-chain metrics tell a different story. The network's total development activity has seen an impressive 33% rise, signaling growth and improvement.

📣 In this tug-of-war between bears and bulls, only time will tell if Solana can regain its lost interest and soar to new heights.

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