XRP to $7? Why I Think the Bear Market Is Over
2 extracted signals · 0 resolved · 2 still active
Myles G InvestmentsIndependent analyst profile- Source published
- 22 Sept 2026, 00:13 UTC
- Recorded by Tahlil Plus
- 30 Sept 2026, 08:32 UTC
AI-generated source summary
The analysis indicates a potential bullish shift in the cryptocurrency market, focusing on Bitcoin (BTCUSDT) and XRP (XRPUSDT). Bitcoin is shown to have broken above a significant macro resistance level at approximately 83,000 on the daily chart, and is now holding above the 50-day Simple Moving Average (SMA) on the weekly chart. The weekly 50 SMA has also flipped from resistance to support. The 365-day rolling VWAP has also been broken and retested as support. This suggests a potential start of a new bull market. For XRPUSDT, the analysis highlights consolidation within a tight range on the weekly chart. A breakout above the resistance at $1.70 is anticipated, with targets set at $2.40 and potentially higher, up to $3.60. A failure to hold the current levels would invalidate the bullish thesis. The broader economic context of rising interest rates and inflation is acknowledged as a potential risk factor that could lead to short-term dips or corrections in the crypto market, but the overall long-term outlook remains bullish.
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Myles G Investments
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