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Chainlink Set for $36? Whale Moves Suggest a Big Rally—Analyst

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1 month ago

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Analysts anticipate a potential breakout to $36, as Chainlink (LINK) is currently exhibiting robust upward momentum. In recent weeks, large investors, more commonly known as “whales,” have been aggressively accumulating LINK. Their increasing interest indicates that they are optimistic about the asset’s long-term potential. However, is this rally enduring, or is it merely another brief surge?

Data shows that large investors (whales) have been steadily buying more LINK when the price is between $17 and $21. In the past, when large buyers acted like this, it often led to big price raises. When many whales gather, it can lower the amount offered in the market, causing a supply shortage.

Simultaneously, smaller investors have begun to take heed. The demand for LINK in the retail sector has increased, as the purchasing pressure has surpassed the selling activity. In the upcoming weeks, LINK may experience an increase in value as a result of the combination of institutional and retail accumulation.

Spot-Driven Rally Decreases Risk

Unlike other LINK price spikes, this jump is not driven by too great leverage. On-chain data indicate that the rise is spot-driven, meaning demand comes from direct purchases instead of speculative futures contracts. This raises the rally’s longevity by lowering the likelihood of a precipitous drop brought on by liquidations.

Still another important consideration is the lack of significant short holdings against LINK. When traders create high-leverage short positions, sudden price gains can cause short squeezes, which can drive prices even more upward. Given leverage is low, organic market demand seems to be the main reason behind LINK’s present movement instead of synthetic price pumps.

LINK is currently trading at $22.2. Chart: TradingView

Breaking Critical Resistance Levels

The technical analysis indicates that LINK has effectively penetrated numerous resistance levels. Following a period of consolidation within the $21–$22 range, the token advanced toward $24, thereby establishing the foundation for additional gains. The next potential target range for LINK, according to CoinCodex, is $27, provided that it maintains momentum and remains above its critical support zones.

Source: CoinCodex

Nevertheless, obstacles persist. LINK could be subject to short-term volatility if Bitcoin experiences a pullback. However, the favorable trajectory of LINK may persist if the broader market sentiment remains positive.

Chainlink’s long-term viability is bolstered by its increasing prevalence in blockchain infrastructure and decentralized finance (DeFi). Technical breakouts, whale accumulation, and organic demand all indicate that prices will continue to rise.

At the time of writing, LINK was trading at $22.37, down 9.1% and 11.4% in the daily and weekly frames.

Featured image from Pixabay, chart from TradingView





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XRP To Triple Digits? Analyst Confident In $100 Price Goal

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9 hours ago

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March 18, 2025

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As one of the top-performing digital assets in the 4Q of 2024, it’s only natural that Ripple’s XRP attracts attention from its detractors and bullish supporters. The bearish sentiment has been wearing down the asset in the last few weeks, pushing the altcoin to as low as $1.96 last March 11th, the lowest in its three-month chart.

XRP has been highly volatile this month, trading between $2.30 and $2.47, still down by 1.6% from its previous month’s price. 

The sentiment is still bearish, but for some crypto analysts like Captain, XRP is set to increase, with $100 as its realistic target. Egrag Crypto, on the other hand, offers a more conservative estimate, saying that XRP can reach double digits this cycle.

Analyst Sets $100 As ‘Realistic’ Target

In a recent Twitter/X post, XRP Captain (@UniverseTwenty) shared that $100 is Ripple’s realistic target this cycle. The post has now received dozens of replies, but it leaves more questions than answers. For example, the crypto analyst failed to identify the timeframe for this surge or the factors or events that can trigger this surge.

XRP Captain’s latest tweet comes just as Egrag Crypto (@egragcrypto) added his thoughts on the coin’s direction. In the Twitter/X thread, Egrag Crypto boldly claims that XRP will hit double digits this cycle and surge to triple digits next.

To justify his predictions for the short term, Egrag Crypto used his “Just Do It” chart. He explained that the measured wave or cup pattern movement has formed within the arc, then added that the potential to this movement is $13.

Will XRP Break Past $300?

Ripple has a few bullish supporters right now, with crypto commentator Dark Defender adding his thoughts on the asset’s latest performance. According to Dark Defender, XRP can surge to $333 if it duplicates its impressive performance during the 2017 bull run. 

Dark Defender’s arguments and predictions for XRP received plenty of criticism. Some argue that XRP will not achieve this market price due to its market cap. Based on the current circulating tokens, XRP’s market cap will hit $1.6 trillion if its price just hits $280. Dark Defender shot down this argument and added that a crypto market cap doesn’t matter and is “just an illusion.”

Featured image from Pexels, chart from TradingView





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XRP Must Close Above This Level For Bullish Breakout: Analyst

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2 days ago

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March 16, 2025

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XRP has struggled to gain momentum, with its price caught in a downtrend since the beginning of March. Although XRP has managed to push up in the past five days after reaching a low of $1.93 on March 11, it has yet to fully recoup its losses in the first week of the month. 

The altcoin’s long-term prospects are still on bullish speculation, but its short-term price action has frustrated traders looking for signs of a breakout. Amid this stagnation, crypto analyst Egrag Crypto has outlined specific price levels that could determine whether XRP finally reverses its course.

Analyst Identifies $2.65 As Key Level Before XRP Can Challenge $3.00

Egrag Crypto, a long-time bullish advocate for XRP, recently took to social media platform X to outline key price levels that could determine the cryptocurrency’s next significant move. He identified $2.65 as the first critical threshold the coin must reclaim to sustain meaningful bullish momentum. However, the analyst expressed concern over XRP’s repeated tests of lower boundaries, which is in reference to the recent bottom at $1.93.

According to the analyst, the frequent retests of this support level are a double-edged sword. While multiple touches on resistance can eventually trigger a breakout, repeated tests of support weaken its integrity, increasing the likelihood of a breakdown. He likened this pattern to knocking on a door that would eventually open or break. He highlighted six instances of XRP retesting this zone since December 2024 on a 12-hour candlestick chart, warning that prolonged weakness could pave the way for further downside.

For the crypto to escape this cycle and shift into bullish territory, Egrag emphasized the importance of a strong close above $3.00, not just a brief move past it. This level has served as the upper resistance trendline for the past two weeks and has been a barrier to any sustained uptrend. Failure to break and hold above $3.00 could cause continued correction in the short term and keep XRP trapped in its current range.

XRPUSD is currently trading at $2.35. Chart: TradingView

However, the analyst believes XRP’s chances of reaching $3.00, considering the current price action, are slim without securing a close above $2.65.

Image From X: EGRAG CRYPTO

 

What’s Next For XRP After $3?

March has been particularly bearish for XRP, with sellers maintaining control as it failed to reclaim lost ground. However, if XRP bulls manage to close above $3 before the end of the month, it will open up the door for the resumption of a price rally. With this in mind, Egrag set an initial target of $4.80, placing XRP at new all-time highs.

Interestingly, this target is modest compared to the analyst’s more ambitious long-term projections. Egrag has previously predicted that XRP could surge to $110 in the long term. At the time of writing, XRP is trading at $2.37 and is still 26.5% away from reaching $3.

Featured image from Crypto Logos, chart from TradingView



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XRP $15 Breakout? Not A Far-Fetched Idea—Analysis

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2 days ago

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March 16, 2025

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After dropping to less than $2 last March 11th, Ripple’s XRP springs back to life and it’s currently trading between $2.30 and $2.40. And with the US Securities and Exchange Commission vs Ripple case nearing its resolution, the market can expect more price volatility for this digital asset.

Within this context, market analyst Ali Martinez boldly claims that Ripple’s native coin still have the legs to hit a two-digit figure this cycle, using an extensive symmetrical triangle formation as a solid basis. 

Martinez’s view runs opposite the bearish statements from other commentators. XRP has been on a slide lately, affected by the broader crypto fall, dipping by around 25% from its $3.40 high achieved mid-January.

XRP Gradually Builds Its Symmetrical Triangle

Like most cryptos, XRP continues to have a highly volatile market performance. The token attempted a recovery early this month but met resistance, leading to a steep decline on March 11th. Interestingly, a few commentators remain bullish on the altcoin, including Martinez, who sees the token on track to reach $15.

In his latest commentary, shared via a Twitter/X posting, Martinez highlighted the seven-year symmetrical triangle formed by this asset, which dates back to January 2018, when it dropped from its $3.80 high.

Even before Martinez shared this observation, several commentators reported the triangle’s formation, suggesting that a breakout could lead to a price run.

XRP market cap currently at $137 billion. Chart: TradingView.com

The Ascending Trendline

According to Martinez, XRP formed its lower highs in January 2018, extending the descending trendline on top. As the crypto witnessed higher lows during this time frame, it extended its ascending trendline below, creating a symmetrical triangle.

Interestingly, XRP exited the symmetrical triangle structure following the November US elections. Ripple’s native token surged by 280% for the month, marking the biggest 30-day increase for the asset in seven years.

XRP price up in the last seven days. Source: Coingecko

Along with surprising traders, this breakout inspired fresh hope among XRP enthusiasts. While some experts noted that past breakouts do not automatically ensure continuous rallies, many saw this spike as evidence of possible long-term strength.

Still, the dramatic price fluctuation sparked conversations on XRP’s future, particularly in light of further government changes and more general market movements.

Ripple’s XRP is currently trading at $2.37, which is 2% up in the last seven days. 

XRP Currently Retesting A Breakout

After two months of upside, Ripple’s XRP is on a downturn, reflecting the broader crypto market sentiment. According to Martinez, XRP’s price is currently retesting the triangle chart breakout. He also suggested that even if XRP slips below $2, it’s still on track for a breakout, as long as it stays above $1. Armed with the charts, Martinez believes that XRP hitting $15 is not a far-out idea. 

Featured image from StormGain, chart from TradingView





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