With trading ranges getting smaller and smaller for most of the worlds currencies, Tim Pesut believes this is the calm before the storm. Global events and tensions may bring the storm quicker than expected as well! Tim and Merlin talk about the Euro, Dollar, cross pairs, adaptation and the need for patience in today’s markets. Merlin also shows the results of John O’Donnell’s weekly weigh in!
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Ripple (XRP) shows signs of stabilizing after reclaiming support at $1.50 on Tuesday. A robust technical structure underpins the token’s short to medium-term bullish outlook. Still, XRP is not out of the woods yet.
Ripple, Cardano, and Solana are trading in the green on Tuesday, recovering after a bearish start to the week. The mild recovery in Ripple and Solana aligns with steady institutional demand, while Cardano prepares for a potential bullish breakout of an overhead trendline.
The cryptocurrency market upholds a neutral-to-bullish bias on Tuesday, with Bitcoin edging closer to a breakout above $84,000. Altcoins mirror BTC’s outlook, with Ethereum holding above $2,700 and Ripple pushing past the reclaimed $1.50 level.
Bitcoin reclaims $84,000 at the time of writing on Tuesday following mild losses the previous day. Continued institutional and corporate demand, along with smaller profit-taking activity on Monday, could ease selling pressure and support Crypto King’s recovery.
