Bitcoin and XRP have both made strong attempts to reclaim resistance levels in recent days. Bitcoin has broken above the $120,000 price level. XRP, on the other hand, hasn&#8217;t found it as easy to establish a firm breakout, although it has pushed as high as $3.10 in the past 24 hours. Technical analysis points to possible short-term price gains if resistance levels holds, but it also outlines a scenario where both Bitcoin and XRP could face another round of declines in the coming week. Related Reading: Space Meets Crypto—Spacecoin Executes 1st Blockchain Transaction Beyond Earth XRP’s Struggle Against The Downtrend Technical analysis of XRP&#8217;s daily candlestick timeframe chart, which was posted on the social media platform X by a crypto analyst called Guy on the Earth, shows that XRP&#8217;s price action in the past 48 hours is pushing above a downtrend resistance, with the top of its consolidation rectangle at $3.12 now in focus.  The analyst noted that the cryptocurrency narrowly missed this target during its latest surge, stalling at $3.10 before slipping back to $3. However, XRP has so far managed to retest and find support on the downtrend line, which suggests there is still a chance for continuation higher. However, the analyst noted that the rally could fade quickly, unless XRP can closes the week and hold above the $3.12. A drop back below $3.00 would invalidate the breakout attempt and reopen the possibility of a breakdown to the $2.72 support. The pink circle drawn on the chart below shows the risk of XRP falling back to retest the ascending trendline around $2.40 to $2.50 if $2.72 is broken. XRP Daily Price Chart: @guyontheearth Bitcoin, on the other hand, has been displaying stronger momentum. The breakout above $120,000 has been decisive, and this can be seen as a healthier technical structure compared to XRP. The Bitcoin dominance (BTC.D) is also pointing higher, meaning Bitcoin could continue leading the market regardless of whether the next move is up or down. A Big Weekend Ahead For Both Bitcoin And XRP The next few days will be important for both XRP and Bitcoin. The three-day candle closes within hours, and the weekly candle will confirm the broader direction soon after. For XRP, holding above the $3.00 downtrend retest is important to maintain bullish momentum. On the other hand, Bitcoin maintaining strength above $120,000 could confirm its breakout and establish new grounds for further rallies. Failure for Bitcoin to hold above $120,000, would likely usher in another bloody phase next week, with XRP at risk of dropping back toward $2.72 or even lower. The week’s close will determine whether this rally has legs or whether the correction scenario plays out instead. Related Reading: Bitcoin Rockets Past $119K, Analysts Now Eye $130K Target At the time of writing, XRP is trading at $3.03. Bitcoin is trading at $122,500. Featured image from Unsplash, chart from TradingView

يختبر كل من البيتكوين وXRP مستويات مقاومة رئيسية، حيث تجاوز البيتكوين مؤخرًا 120,000 دولار. بينما وصل XRP إلى 3.10 دولارات، إلا أنه يواجه صعوبة في الحفاظ على الاختراق. يشير المحللون إلى أنه إذا استمرت مستويات المقاومة، فقد تكون هناك مكاسب قصيرة الأجل. ومع ذلك، هناك أيضًا خطر من الانخفاضات لكل من العملات المشفرة في الأسبوع المقبل. هذه الحالة مهمة للمستثمرين لأنها قد تحدد اتجاهات السوق واستراتيجيات التداول.

Bitcoin y XRP están probando niveles de resistencia clave, con Bitcoin superando recientemente los 120,000 $. Aunque XRP ha alcanzado los 3.10 $, le cuesta mantener un breakout. Los analistas sugieren que si estos niveles de resistencia se mantienen, podría haber ganancias a corto plazo. Sin embargo, también existe el riesgo de caídas para ambas criptomonedas en la próxima semana. Esta situación es crucial para los inversores, ya que podría dictar las tendencias del mercado y las estrategias de trading.

Bitcoin et XRP testent actuellement des niveaux de résistance clés, Bitcoin ayant récemment dépassé les 120 000 $. Bien que XRP ait atteint 3,10 $, il peine à maintenir une rupture. Les analystes suggèrent que si ces niveaux de résistance tiennent, il pourrait y avoir des gains à court terme. Cependant, il existe également un risque de baisses pour les deux cryptomonnaies dans la semaine à venir. Cette situation est cruciale pour les investisseurs car elle pourrait dicter les tendances du marché et les stratégies de trading.

Bitcoin and XRP are currently testing key resistance levels, with Bitcoin recently surpassing $120,000. While XRP has reached $3.10, it struggles to maintain a breakout. Analysts suggest that if these resistance levels hold, there could be potential short-term gains. However, there's also a risk of declines for both cryptocurrencies in the upcoming week. This situation is crucial for investors as it could dictate market trends and trading strategies.

Bitcoin, XRP Testing Key Resistances And Could Turn Messy Again – Here’s Why

Lower adjusted net asset value multiple means Strategy can no longer issue equity at a premium, threatening its long-term plan to accumulate more bitcoin, analyst Brett Knoblauch wrote.

شهدت أسهم Strategy انخفاضًا كبيرًا، مما دفع Cantor إلى خفض هدفه السعري بسبب انخفاض مضاعف القيمة الصافية للأصول المعدلة. وأشار المحلل بريت كنوبلاخ إلى أن هذه الحالة تمنع Strategy من إصدار الأسهم بسعر أعلى، مما يهدد خططها طويلة الأجل لتجميع المزيد من البيتكوين.

Las acciones de Strategy han experimentado una fuerte caída, lo que llevó a Cantor a reducir su objetivo de precio debido a un múltiplo de valor neto de activos ajustado más bajo. El analista Brett Knoblauch destacó que esta situación impide que Strategy emita acciones a una prima, poniendo en peligro sus planes a largo plazo para acumular más bitcoin.

L'action de Strategy a connu une forte baisse, incitant Cantor à réduire son objectif de prix en raison d'un multiple de valeur nette d'actif ajustée plus bas. L'analyste Brett Knoblauch a souligné que cette situation empêche Strategy d'émettre des actions à un prix supérieur, mettant en péril ses plans à long terme d'accumulation de bitcoin.

Strategy's stock has experienced a significant decline, prompting Cantor to reduce its price target due to a lower adjusted net asset value multiple. Analyst Brett Knoblauch highlighted that this situation prevents Strategy from issuing equity at a premium, jeopardizing its long-term plans to accumulate more bitcoin.

Strategy Stock Still a Buy at Cantor After Plunge Forces Major Price Target Cut

The experience, which is designed to feel like Venmo or Cash App, allows users to earn yield on bitcoin (BTC) and stablecoins and borrow against their holdings.

تعاونت Blockdaemon وVerifiedX لإنشاء تجربة مالية لامركزية (DeFi) سهلة الاستخدام وذاتية الحفظ، تشبه تطبيقات الدفع الشهيرة مثل Venmo وCash App، مما يتيح للمستخدمين كسب عائد على البيتكوين (BTC) والعملات المستقرة مع إمكانية الاقتراض مقابل ممتلكاتهم.

Blockdaemon y VerifiedX han formado una alianza para crear una experiencia de finanzas descentralizadas (DeFi) fácil de usar y auto-custodiada, similar a aplicaciones de pago populares como Venmo y Cash App, que permite a los usuarios ganar rendimiento en bitcoin (BTC) y stablecoins mientras piden prestado contra sus tenencias.

Blockdaemon et VerifiedX ont formé un partenariat pour créer une expérience de finance décentralisée (DeFi) conviviale et auto-custodiale, similaire à des applications de paiement populaires comme Venmo et Cash App, permettant aux utilisateurs de gagner des rendements sur le bitcoin (BTC) et les stablecoins tout en empruntant contre leurs avoirs.

Blockdaemon and VerifiedX have partnered to create a user-friendly, self-custodial decentralized finance (DeFi) experience, akin to popular payment apps like Venmo and Cash App, enabling users to earn yield on bitcoin (BTC) and stablecoins while borrowing against their holdings.

Bitcoin, XRP Testing Key Resistances And Could Turn Messy Again – Here’s Why

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