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C-Zar Gets Crypto 24 Jan 2026, 01:31 UTC
AI-generated source summary
The analyst observes XRPUSDT to be in a prolonged downward sloping channel since July. It has recently broken out of this channel and is currently backtesting prior resistance. Short-term analysis on the 1-hour and 4-hour charts indicates consolidation around the $1.94 level, with neutral RSI/Stochastics but a forming bullish MACD divergence. The analyst anticipates this consolidation to resolve with a pump by late Sunday or Monday. On the daily chart, a move above $2.30-$2.40 is considered significant, marking a breakout from the long-term channel. The Fibonacci golden ratio between $2.77-$2.92 is identified as a key resistance level, potentially acting as a "trap" before a further rally. The analyst predicts an eventual move towards new all-time highs, with medium-term targets around $2.78 by mid-February to late March, and long-term targets of $13-$16 by early Q2. The immediate actionable setup suggests a bullish move from current levels targeting $2.35, with invalidation if price drops below $1.79.
AI-generated summary based on the source content.
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1 eligible signal linked to this case.
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Signals in this source
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C-Zar Gets Crypto
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