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XRP price is getting attention again as it tries to breakout. It's now testing the $2.00 level, which could lead to a rally towards $3.76.

Avalanche (AVAX) price is showing strength with a move above a key resistance zone. It's now aiming for $55, $100, or even $150.

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XRP price is getting attention again as it tries to breakout. It's now testing the $2.00 level, which could lead to a rally towards $3.76. If the bulls succeed, they'll likely face resistance at the 50-week EMA, currently at $2.90, and the 200-week MA, which is sitting at $3.28. A successful breakout above the 200-week MA could open the door for a move towards $3.76, the final price target of the large falling wedge pattern.

suggest that the cryptocurrency could be forming a large falling wedge pattern on the 2-day chart. Such patterns are often encountered during bear markets and present a bullish breakout potential.

Moreover, XRP price is still holding above the Kijun Sen line of the Ichimoku Cloud on the weekly chart, which implies that the bulls are still in control of the short-term trend. A breakout from the Cloud would usually confirm a stronger bullish leg.

suggest that the cryptocurrency could be forming a large falling wedge pattern on the 2-day chart. Such patterns are often encountered during bear markets and present a bullish breakout potential.

Moreover, XRP price is still holding above the Kijun Sen line of the Ichimoku Cloud on the weekly chart, which implies that the bulls are still in the short-term. A breakout from the Cloud would usually confirm a stronger bullish leg.

suggest that the cryptocurrency could be forming a large falling wedge pattern on the 2-day chart. Such patterns are often encountered during bear markets and present a bullish breakout potential.

If the bulls succeed, they'll likely face resistance at the 50-week EMA, currently at $2.90, and the 200-week MA, which is sitting at $3.28. A successful breakout above the 200-week MA could open the door for a move towards $3.76, the final price target of the large falling wedge pattern.

suggest that the cryptocurrency could be forming a large falling wedge pattern on the 2-day chart. Such patterns are often encountered during bear markets and present a bullish breakout potential.

Another interesting point is that the Chikou Span, a lagging indicator used to identify trends, has been trading above the price line for 26 weeks now. This is a bullish signal that suggests the bulls have been in control for a sustained period.

suggest that the cryptocurrency could be forming a large falling wedge pattern on the 2-day chart. Such patterns are often encountered during bear markets and present a bullish breakout potential.

If the bulls succeed, they'll likely face resistance at the 50-week EMA, currently at $2.90, and the 200-week MA, which is sitting at $3.28. A successful breakout above the 200-week MA could open the door for a move towards $3.76, the final price target of the large falling wedge pattern.

suggest that the cryptocurrency could be forming a large falling wedge pattern on the 2-day chart. Such patterns are often encountered during bear markets and present a bullish breakout potential.

After a 46% price drop since January 1, 2024, from a high of $49 to a low of $17, the price of Avalanche (AVAX) has shown signs of recovery. Recently, the price of AVAX broke through the critical resistance at $17, indicating the potential for further gains.

Currently, the price of AVAX is hovering around $22, and analysts at Benzinga are setting their sights on several key levels that could determine the next leg of the move. Some analysts believe that the price of AVAX could rise to $55, which represents the 38.2% Fibonacci retracement level from the recent swing low to the previous high.

suggest that the cryptocurrency could be forming a large falling wedge pattern on the 2-day chart. Such patterns are often encountered during bear markets and present a bullish breakout potential.

If the bulls succeed, they'll likely face resistance at the 50-week EMA, currently at $2.90, and the