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$BTC I'm trying a long position here around 85,600, daily LOW.  I'm expecting a bull reaction soon toward 89,000 - 90,000$ area again! 📈 DCA above 85,000$  SL below 83,500$  TP, few % only 🎯 #DYOR

$ONG analysis: Price is once again testing the support area and needs to hold this level. You can open a long position at the support area with a stop loss. Support Area: $0.23-$0.243 Resistance Area: $0.352-$0.364

XRP price action has got the crypto community talking after the third-largest cryptocurrency hit a historic support level. Renowned market analyst Javon Marks called out this development on X, formerly Twitter, and stated, “This Candlestick and Volume combo on XRP should tell it ‘all’. Sellers (Bears) were rejected at a level not seen since perhaps 2017-2018. The bulls showed a dominant presence, so despite the recent price action, they can be coming to dominate.” Source: Javon Marks Interestingly, after XRP hit the $1.9 to $2.0 area, the altcoin experienced a major reversal to the upside, given that bulls came out guns blazing. Therefore, Marks believes this occurred after XRP hit a major and historic 2017-2018 support level. Even though XRP has been trying to break out of the significant resistance level of $2.5 in vain, time will tell whether bulls will carry the day and breach this level. According to CoinGecko data, XRP was down 17.9% in the past week to hit $2.21. Are Whales Contributing to XRP’s Price Instability? XRP has been experiencing intensified selling pressure, contributing to its price trading below the psychological threshold of $2.7. Whales seem to be the engine behind this trend since they sold more than 370 million XRP in a span of just 96 hours, according to renowned market analyst Ali Martinez. Source: Ali Martinez Despite this bearish momentum, John Reed Stark alluded to the light at the end of the tunnel. The former United States Securities and Exchange Commission (SEC) official recently opined that the agency was on track to dropping its appeal in the Ripple lawsuit. Stark categorically said, “Dropping of the SEC’s Ripple appeal next up for sure.” If this is approved, XRP will be laughing all the way to the bank, based on the bullish momentum expected.

Cardano (ADA) continues to trend in murky waters as the eighth-largest cryptocurrency is in a make-or-break situation. This is based on the fact that ADA is hovering around the major support level of $0.68 and $0.80 as acknowledged by renowned market analyst Ali Martinez. Source: Ali Martinez Therefore, according to the above chart, a breakout to the downside will spell doom for Cardano since it might drop to the $0.33 area. Nevertheless, if ADA breaches $0.80, its journey of reclaiming the psychological price of $1 will be firmly locked. According to CoinGecko data, Cardano’s price was hovering around $0.6636 at the time of writing. Is Cardano’s Price Revival on the Horizon? Since ETFs usually trigger a bullish picture due to intensified institutional investments, Cardano is considering this route. This is based on Grayscale’s Cardano ETF application with the United States Securities and Exchange Commission (SEC). Grayscale is a leading American asset management firm with assets under management (AUM) worth $50 billion. Therefore, a price revival will be imminent if a Cardano ETF gets the green light. Furthermore, ADA’s bullish sentiment is supported by various on-chain metrics. For instance, a market analyst who goes by the pseudonym Bleeves Crypto recently pointed out that if Cardano continued following the Golden Ration playbook, a surge to $8 would materialize. The analyst stated, “If Cardano ADA plays out to the Golden Ratio from the bottom and top of the last Bull cycle then it is due for a move to $8.06.” Source: Bleeves Crypto Martinez also acknowledged that Cardano would reclaim the $1 price level if it continued mirroring BNB’s trend.

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