cryptonewss

#XRP is getting closer to a long-term ascending trendline on its monthly chart that has previously marked major price bottoms and preceded significant rallies.
As the asset continues to lose value alongside the broader market, this support level could become important if the decline continues.
Interestingly, XRP has tested this trendline twice before, in 2020 and 2024, and both tests came before major price recoveries. If the same support holds again, another rally could follow.
XRP Declines as It Moves Closer to Long-Term Support
XRP has continued to fall alongside the broader crypto market, losing 16% in November after recording a 16.07% decline in October.
The token has also fallen deeper than much of the market as selling pressure continues to increase. However, its monthly chart shows that XRP is approaching a long-term ascending trendline that has triggered previous market recoveries.
This trendline first began forming in May 2017, during XRP’s major price surge that year. After the price pulled back to test the support in May, buyers pushed the price higher, eventually driving it to $3.31 in January 2018. This marked the peak of the rally, after which XRP entered a prolonged bear market that lasted several years.
Previous Trendline Tests Came Before Major Rallies
During that bear market, XRP continued to decline until it reached $0.1103 in March 2020. Notably, this low coincided with the ascending trendline that had formed in May 2017. The support held, and the price level eventually marked the bottom of the downtrend.
XRP then began recovering and continued to climb until it reached $1.96 in April 2021, marking the peak of that market cycle. From the March 2020 low of $0.1103, the $1.96 peak marked a 1,676% increase. This was the first major example of a trendline retest leading to a substantial recovery.
After reaching $1.96 in April 2021, XRP began falling as the next bear market took hold. The decline eventually pushed the price to $0.2910 in June 2022, following the collapse of the Terra ecosystem. However, unlike the March 2020 bottom, the June 2022 low did not coincide with a test of the ascending trendline.
XRP did not return to the trendline until July 2024, when it dropped to $0.3834. Three months later, the asset began another major rally in November 2024, following Donald Trump’s victory in the U.S. presidential election.
The recovery continued over the following months, eventually taking XRP to its all-time high of $3.66 in July 2025. This represented an 854% increase from the $0.3834 low recorded in July 2024.
XRP Could Fall Another 22%-33% Before Testing the Trendline
Since reaching $3.66 in July 2025, XRP has entered another prolonged decline as bearish conditions continue to affect the market. The asset now trades around $1.05, bringing it closer to the ascending trendline, although it has yet to reach the support.
On the monthly chart, the trendline currently sits between $0.70 and $0.82. This means XRP would need to fall another 22% to 33% from its current price of $1.05 to reach the support area. Further losses remain possible as selling pressure continues to weigh on the market.
However, previous price movements suggest that this area could provide an opportunity for a recovery. Both the March 2020 test at $0.1103 and the July 2024 test at $0.3834 came before major rallies.
If the ascending trendline holds again, XRP could experience another rebound similar to the recoveries that followed those earlier tests.
Historical Pattern Suggests XRP Could Reach $3.56
The size of XRP’s previous rallies following trendline retests also presents an interesting possibility. Historical data shows that each successive rally has been roughly half the size of the previous one.
Specifically, XRP gained 1,676% between March 2020 and April 2021, while its rally from July 2024 to July 2025 produced an 854% increase.
If this pattern continues after another trendline retest, XRP could record a rally of approximately 435%. Such a move would put its price around $3.56, which would bring it close to the all-time high of $3.66 recorded in July 2025.
However, this remains a possibility, not a confirmed outcome. XRP must first reach the ascending trendline, and buyers must defend the support to create the conditions for another recovery. Whether the $0.70 to $0.82 area can hold against the current selling pressure remains to be seen.
#CryptoNewss

🚨Most people are watching oil. The real danger lies elsewhere.
#EarningsSeason
Two pieces of news came out of the US and Japan today.
In the US, the market is all but certain of an interest rate hike in December, even as oil falls.
In Japan, the Finance Minister issued a warning about the yen.
The same reason is also behind the drop in Bitcoin and gold prices this week.
I'll show you the reason and the dates to watch.
The Iran war began in February, and oil prices rose. Inflation accelerated in the US, and the Fed raised interest rates in September for the first time in 3 years.
That's why markets have been watching oil for months.
Brent crude, which topped $110 last month, is around $96 today.
When oil falls, you'd expect interest rates to stop rising too.
The opposite happened. The market is pricing in a nearly 100% chance of a Fed rate hike in December.
Oil fell, but other prices didn't.
In the wholesale prices the US released today, energy got cheaper, but the rest of the prices kept rising. While diesel fell 7.9%, truck freight rose 3.9%.
The reason is debt-fueled growth in artificial intelligence.
The path from artificial intelligence to gold and Bitcoin prices can be seen in 4 steps.
1. Artificial intelligence is pushing prices up.
According to the minutes of the Fed's September meeting, some of the rise in goods prices is coming from artificial intelligence investments.
Some Fed officials warned that demand could outstrip production because of these investments.
2. When prices keep rising, interest rates go up.
The US government's 10-year borrowing rate rose above 5% again this week.
3. As interest rates rise, debt-fueled growth in artificial intelligence comes under strain.
According to Goldman Sachs, borrowing for artificial intelligence has approached $600 billion worldwide this year.
Sectors with high debt fall harder on bad news.
Nvidia shares have been falling since the beginning of October.
After the election in the US last week, investors feared that data center investments would slow. Artificial intelligence stocks fell sharply.
CoreWeave buys Nvidia chips with debt and rents them out. This week, investors demanded interest rates above 15% to lend to the company.
That's about 3 times the interest rate the US government pays. CoreWeave announced that it would not borrow at that rate.
Jensen Huang resigned on Thursday, and the decline in Nvidia accelerated.
4. When stocks fall, indebted investors look for cash.
Lenders demand more money on days like these. To find the money, investors sell whatever they can sell fastest.
Someone who needs cash sells their bracelet first, not their house.
At the end of September, the debt investors had taken on to buy stocks in the US was close to $1.5 trillion.
Since gold and Bitcoin don't pay interest, rising interest rates were already pulling both down.
On a day when technology stocks fell at the end of October, gold hit its lowest level in a year. According to Commerzbank analysts, investors forced to pay off their debts may have sold gold.
This Thursday, Nvidia, gold and Bitcoin all fell on the same day again.
Gold hit its lowest level of 2026. Bitcoin fell below $70,000 for the first time since August.
Oil fell. The debt is still there.
The warning in Japan is also a result of step 2.
Expectations of higher interest rates strengthened the dollar. The dollar rose above 160 yen this week, and Japan's Finance Minister warned the market today.
It isn't a development in Japan that's weakening the yen.
Some of the lenders funding artificial intelligence are also in Japan.
SoftBank signed a $40 billion loan agreement this year and allocated most of the money to OpenAI. The lenders include Japan's 3 largest banks.
When Nvidia was shaken, SoftBank shares also fell more than 5%.
According to the Bank of Japan, Japanese banks are strong enough to withstand a sharp downturn in artificial intelligence.
If you hold Bitcoin or gold, watching the price of oil is no longer enough.
There are 4 dates on the calendar.
On November 17, Nvidia will report its quarterly results. The figures will show whether artificial intelligence companies are continuing to buy chips.
On December 9, the Fed will announce its interest rate decision.
On December 10, the price data for November will come out. The Fed will make its decision before seeing this data.
On December 18, the Bank of Japan will announce its interest rate decision.
Charles Prince, who was at the helm of Citigroup, said this in the summer of 2007.
As long as the music is playing, you have to get up and dance.
We're still dancing.
This is my personal analysis.
#CryptoNewss #worldnewswithfatema
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