Ripple’s (XRP) consolidation phase is ongoing, with the digital asset fluctuating between $2 and $2.3 for weeks, with minimal breakout attempts. However, a bullish technical pattern has been identified by an analyst, suggesting a massive price surge could be on the horizon for the fourth-largest cryptocurrency.

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According to the analyst, XRP appears to be forming an inverse head and shoulders pattern, setting the groundwork for a potential upswing to $2.60. Ali Martinez, in a detailed video analysis of the current market scenario, stated that “XRP is primed to soar, and most traders will overlook it.”

This assertion is based on the formation of an inverse head and shoulders pattern over the past month, a classic bullish sign that could result in a 12% increase. However, to accomplish this, XRP must breach the $2.33 resistance mark, which could trigger a surge to $2.6.

For nearly two months, Ripple’s cross-border token has been confined in a tight range. The last time it traded near Martinez’s target was in early May. With around 140,000 followers on X, the analyst has consistently emphasized the $2.33 and $2.38 resistance levels as crucial hurdles for XRP’s upward journey.

Despite recent stagnation, several market commentators have projected bullish price predictions for the asset. As reported recently, Steph Is Crypto pointed out the tightening Bollinger Bands, indicating that XRP surged by 600% the last time the technical indicator resembled the current condition.

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The support that Martinez identifies is the lower boundary of a symmetrical triangle pattern that has been forming since DOGE’s early 2025 rally, where it frequently tested the $0.4 level.

Despite this, DOGE has struggled to sustain its momentum and experienced a sharp drop in the ensuing months. It hit its lowest price around $0.13 in early April, amidst the height of the US-trade war with the rest of the world.

The recovery that followed propelled DOGE above $0.25 in May. Unfortunately, this resurgence was fleeting, and at present, DOGE hovers around $0.175 after a weekly dip of 4.5% and a monthly drop of 23%.

If Martinez’s prediction comes true, DOGE’s price could slide to a new annual low, falling under $0.12. Another analyst, Andrew Griffiths, also leans towards a pessimistic future for DOGE, citing a pattern of consecutive lower highs as a clear indication of bearish rejection.

The post Threat Looms Over Dogecoin (DOGE) as Analyst Predicts Possibility of Plunging to 2025 Lows appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The Cumulative Value-Days Destroyed (CVDD) is an on-chain metric which evaluates the total coin-days destroyed when dormant Bitcoin is moved, thereby reflecting the spending habits of long-term holders. A rise in CVDD can indicate significant profit-taking by these holders, often a sign of an overheated market, while decreased CVDD suggests accumulation phases.

According to the chart Martinez provided, leading analytics company CryptoQuant projects Bitcoin’s current CVDD at $34,154 into several layers, each symbolizing different elements of the bull market. The ‘Accessing Tops’ line, for example, extends the CVDD to an upper band that the price has hit at major peaks—currently around $120,000. This suggests the next market peak could be at this level.

Another key layer in CryptoQuant’s CVDD projection is the ‘Accumulating Phase 2’, a support band that has consistently underpinned the price. Currently positioned at $90,000, this represents the first major support level for the bulls.

At the moment, Bitcoin is trading at $103,242. Martinez emphasizes that maintaining the $90,000 support level is crucial for Bitcoin’s bull trend, potentially paving the way for a rise to $120,000.

As of writing, Bitcoin trades at $103,573, a modest market gain of 0.09% from the previous day. However, daily trading volume has dropped by 17.92%, signaling a decrease in market activity. The next resistance level is expected to be around $105,000, but Martinez asserts that a meaningful rally will only occur if the price closes above $107,000. Despite these challenges, bullish sentiments remain buoyant, as demonstrated by the Bitcoin Spot ETFs’ strong performance, with a net inflow of $1.81 billion over the past week.

With a market capitalization of $2.04 trillion, Bitcoin continues to be the most valuable cryptocurrency, comprising about 62.8% of the crypto market.

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