XRP Tests Structure, Not Collapse Amid Fibonacci Patterns
- Price Range Analysis: XRP is currently trading near $1.7, interacting with a structurally important zone linked to long-term cycle behavior rather than short-term volatility, indicating a critical decision point in the market.
- Historical Cycle Comparison: EGRAG CRYPTO's analysis reveals that XRP's largest expansions typically occur during the second impulse rather than the first, with Fibonacci extensions serving as probabilistic guides, suggesting a potential second surge in the current phase.
- Role of 21 EMA: XRP is testing the monthly 21 EMA, with historical data showing significant rebounds following the first touch in both 2018 and 2021, implying that current price behavior may lead to a short-term bounce, although the long-term direction remains unresolved.
- Scenarios and Risk Balance: EGRAG outlines two structurally valid scenarios, with a primary continuation scenario estimated at 65-70% probability if prices hold near the 21 EMA, potentially activating a second impulse, while a structural failure scenario at 30-35% probability could occur if prices decisively close below $1.20-$1.30, indicating a breakdown.
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Technical Analysis for EPT
Technical Sentiment Analysis for Balance (EPT) As of , Balance (EPT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for EPT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, EPT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Balance (EPT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.000367 | 0.0000983 | 0.000437 | 0.000902 | 0.00124 | 0.00171 | 0.00204 |
| Fibonacci | 0.0000983 | 0.000405 | 0.000595 | 0.000902 | 0.00121 | 0.0014 | 0.00171 |
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