{"id":386115,"date":"2025-03-31T23:50:56","date_gmt":"2025-03-31T18:20:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/xrp-these-altcoins-share-the-same-ta-fate-whats-coming-crypto-news\/"},"modified":"2025-04-01T00:08:27","modified_gmt":"2025-03-31T18:38:27","slug":"xrp-these-altcoins-share-the-same-ta-fate-whats-coming-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-these-altcoins-share-the-same-ta-fate-whats-coming-crypto-news\/","title":{"rendered":"XRP & These Altcoins Share The Same TA Fate\u2014What’s Coming? – Crypto News"},"content":{"rendered":"

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An analyst has pointed out how XRP and three other altcoins look like they share a similar technical analysis (TA) fate. Here\u2019s what could be in store for these assets.<\/p>\n

TA Patterns Are Pointing At Same Outcome For Four Altcoins<\/h2>\n

In a new post<\/a> on X, analyst Ali Martinez has pointed out a commonality that may be present among XRP (XRP), Ethereum Classic (ETC), Bitcoin Cash (BCH), and yearn.finance (YFI).<\/p>\n

Related Reading<\/span><\/h2>\n<\/p>\n

The similarity lies in the signal that TA is giving on the price charts of each of these altcoins. Here are the graphs the analyst shared, showing the patterns:<\/p>\n

\"XRP
Looks like TA is predicting a bearish outcome for all of these coins | Source: @ali_charts on X<\/a><\/figcaption><\/figure>\n

The first chart (top left) highlights the trend in the 1-day price of XRP, the fourth largest cryptocurrency by market cap. It would appear that the asset has possibly been forming what\u2019s known as a head-and-shoulders<\/a> pattern.<\/p>\n

This pattern forms when an asset\u2019s price shows three peaks following a sharp surge, with the inner and outer peaks being similar in scale (the shoulders), and the middle one the largest (the head). The formation also involves one other feature: a support trendline that facilitates the formation of the different peaks.<\/p>\n

From the graph, it\u2019s apparent that XRP is currently retesting this support line, after forming its third peak (the right shoulder). The head-and-shoulders generally signal a reversal of trend, so it\u2019s possible that the coin may end up failing this retest and a sharp plunge would follow next.<\/p>\n

Bitcoin Cash, the bottom right chart, is also making a retest of what could be an important support line. In this case, the trendline is the lower one of a symmetrical triangle<\/a>.<\/p>\n

The symmetrical triangle occurs when an asset finds itself consolidating between two trendlines that converge at a roughly equal and opposite slope. This means that as the price travels inside the channel, the distance between its tops and bottoms progressively becomes narrower.<\/p>\n

The upper channel provides resistance and the lower one provides support, but as the consolidation gets very narrow (that is, the price approaches the apex of the triangle), a breakout can become likely.<\/p>\n

Recently, Bitcoin Cash has come quite close to the triangle\u2019s end, so it\u2019s possible that an escape may be happening soon. As BCH is retesting the lower trendline right now, it\u2019s possible that this break could happen towards the downside. Such a breakout, if one happens, could be a bearish signal for the coin, just like the one for XRP.<\/p>\n

Related Reading<\/span><\/h2>\n<\/p>\n

The other two altcoins, Ethereum Classic (top right) and yearn.finance (bottom left), are both near the bottom line of a parallel channel<\/a>. In this pattern, consolidation occurs between two parallel trendlines.<\/p>\n

It\u2019s possible that support might end up holding for these coins, just like it has in the past, but given the fact that they have been trading inside the channel for a couple of years now and that a shift toward a bearish mood has taken place in the sector, a breakout to the downside may be coming.<\/p>\n

It now remains to be seen if XRP and the other altcoins will end up following in the trajectory that TA has been hinting at or not.<\/p>\n

XRP Price<\/h2>\n

At the time of writing, XRP is trading around $2.06, down over 16% in the last seven days.<\/p>\n

\"XRP
The price of the coin appears to have been sliding down over the last few days | Source: XRPUSDT on TradingView<\/a><\/figcaption><\/figure>\n

Featured image from Dall-E, charts from TradingView.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

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