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Double Top or Bottom

8/14: Watch Resistance at 3352–3358, Support at 3332–3323Good afternoon, everyone! After entering the 3372–3378 resistance zone, gold attempted two breakouts but failed, forming a double-top pattern and breaking below the 3366 support. It then found temporary support at 3358–3352, but the rebound failed to reclaim 3366, leading to a further drop to test the 3343–3337 area. This is a textbook support-to-resistance shift, worth studying for those interested in technical analysis. Currently, the structure favors the bears. In the coming moves, watch closely to see if the 3352–3358 area turns from support into resistance again. If selling pressure persists, 3332–3323 will be the next battleground. Should bulls fail to defend it, the 3300 level could be retested. For the rest of the week, trading should remain focused on these key support and resistance zones. With data coming in during the US session today, risk management is crucial — favor short positions on rebounds, with long trades as a secondary option. If caught in a losing position, and your account is safe, consider averaging down or hedging. If you need assistance, feel free to message me.
FOREXCOM:XAUUSDShort
by China_MsWang
Unity📈 UNITY PSX — Bullish Cypher + Double Bottom + Pullback Buy Zone 💎 🌀 Pattern: X: 17.60 → A: 35.61 → B: 25.01 → C: 40.14 → D: 22.02 ✅ Perfect Bullish Cypher completion at D 📊 Double bottom at D → neckline breakout 📍 Current Setup: Hit 32.00 🎯 — now retracing to 28.00 🛡 (Fib breakout retest) This zone is a buy-on-dip 28.50 to 25 🎯 Targets: TP1: 32 🔁 (recent high) TP2: 35 🚀 (A-point retest) TP3: 39--40🌙 (C-point retest — extended move) 🛑 Stop-loss: Below Double Bottom 💼 Fundamentals — Power Boost: 1️⃣ Net Profit Rs 1.09 bn vs. Rs 1.21 bn loss last year 📈 2️⃣ EPS +0.92 vs. –1.01 previously 💰 3️⃣ Gross Profit +10.5% to Rs 7.41 bn (cost of sales down 12.6%) 🏭 4️⃣ Operating Profit +36% to Rs 6.80 bn; Other Income +202% to Rs 2.13 bn 💵 5️⃣ Dividend 75% cash declared 🏦 ⚡ Summary: Technicals + Fundamentals = High-confidence setup 📊
PSX:UNITYLong
by SmartMoney-AR
The Path to $30 XRP: Why This Bull Cycle Could Be DifferentIs a $30 XRP Price a Real Possibility for This Bull Cycle? A Deep Dive into the Perfect Storm Required The cryptocurrency market is once again buzzing with audacious predictions, and at the heart of many speculative discussions is XRP, the digital asset native to the XRP Ledger. Following historical patterns of explosive, 10x or greater gains in previous bull markets, a vocal portion of the investment community is eyeing a monumental target: $30 per XRP by the end of the current cycle, potentially by mid-2026. This would represent an unprecedented surge, catapulting its market capitalization into the trillions and reshaping the hierarchy of the digital asset world. While some market analyses project a climb toward the $34 mark, citing long-term technical patterns, the path to such a valuation is fraught with immense challenges and requires a "perfect storm" of legal, technological, and market-wide catalysts. This article will dissect the fervent bull case for a $30 XRP, weigh it against the significant bearish headwinds, and offer a balanced perspective on what it would take for such a dream to become a reality. The Bull Case: Charting a Course to the Stratosphere The optimism surrounding XRP is not unfounded but built on a combination of historical precedent, bullish technical setups, fundamental developments, and favorable macroeconomic tailwinds. The argument for a parabolic rise is multi-faceted, weaving together past performance with future potential. Echoes of Bull Runs Past History is a powerful psychological driver in financial markets, and for seasoned crypto investors, it often rhymes. XRP has a documented history of parabolic advances during bull cycles. In past market-wide rallies, the asset has demonstrated an ability to multiply its value in spectacular fashion, delivering gains that far outpace many of its peers. Proponents of a new all-time high believe these past performances are a prelude to future potential. They argue that the asset is coiled for another breakout and that a tenfold gain from its recent highs is not just possible, but consistent with its historical behavior during periods of market euphoria. Technicals Flashing Green Several technical analysts have laid out a roadmap that could, in theory, lead to astronomical prices. These analyses focus on long-term chart patterns that have been developing over several years. One of the most cited bullish patterns is a massive, seven-year double-bottom structure. In technical analysis, a double-bottom is a classic reversal pattern that indicates a major shift from a downtrend to an uptrend. A breakout from such a long-term formation is often considered a powerful signal of sustained upward momentum. Some chart interpretations suggest that a confirmed breakout from this pattern, followed by a successful retest of the breakout level as new support, could launch the price on a trajectory toward the $30-$34 range. Furthermore, other analytical frameworks like Elliott Wave theory are being applied to forecast XRP's potential path. This theory posits that markets move in predictable, repetitive wave patterns driven by investor psychology. According to some of these models, XRP may be in the midst of a powerful "Wave 3" surge, which is typically the longest and most powerful wave in an uptrend. These projections offer various potential price targets, with the most ambitious scenarios pointing to a price corridor between $27 and $30. The End of a Legal Saga Perhaps the most significant fundamental development has been the resolution of the nearly five-year-long legal battle with the U.S. Securities and Exchange Commission (SEC). For years, this lawsuit cast a long shadow over XRP, creating immense uncertainty and suppressing its price while the rest of the market soared. The landmark court ruling, which determined that programmatic sales of XRP on public exchanges do not constitute securities transactions, provided crucial legal clarity. The subsequent finalization of this matter has removed a massive overhang, boosting investor confidence and, more importantly, paving the way for greater institutional adoption. With the legal ambiguity resolved in the United States, exchanges that had delisted the asset can relist it, and financial institutions that were hesitant to engage with XRP now have a clearer regulatory framework to operate within. This legal victory is widely seen as a foundational catalyst for the next phase of growth. The Promise of a Spot ETF Following the watershed moment of the successful launch of spot Bitcoin ETFs, the market is overwhelmingly optimistic about a spot XRP ETF. The precedent has been set, and many believe an XRP ETF is not a matter of if, but when. Market sentiment suggests a very high probability of approval by late 2025 or early 2026. A spot ETF would be a game-changer for accessibility. It would allow traditional investors, wealth managers, and large institutions to gain exposure to XRP through their existing, regulated brokerage accounts, without the complexities of managing private keys or using cryptocurrency exchanges. The resulting inflows of capital could be substantial. If an XRP ETF were to capture even a fraction of the capital that flowed into Bitcoin ETFs, it would create immense buying pressure and could significantly propel the price. Some forecasts suggest an approved ETF alone could be the primary driver of a rally toward the high double-digits, a figure that aligns with the most bullish technical targets. Ecosystem Growth and Utility Beyond speculation and market structure, the XRP Ledger itself is evolving. Proponents argue that its underlying utility is growing, providing a fundamental basis for a higher valuation. A key area of growth is the tokenization of Real-World Assets (RWAs). The XRPL is gaining traction as an efficient and low-cost platform for creating digital representations of tangible and financial assets. The value of tokenized assets on the ledger has seen explosive growth, driven by institutional interest in bringing assets like U.S. Treasuries, real estate, and private credit onto the blockchain. Simultaneously, the Decentralized Finance (DeFi) ecosystem on the XRPL is expanding. While still nascent compared to competitors, its Total Value Locked (TVL) has been steadily increasing. The introduction of new stablecoins, including an upcoming offering from Ripple itself and the integration of established stablecoins, is expected to further enhance the ledger's utility for payments, trading, and other decentralized financial applications. This growing utility, bulls argue, will eventually be reflected in the price of the native asset, XRP. The Bear Case: The Immense Hurdles on the Path to $30 While the bull case is compelling, the journey to $30 is littered with formidable obstacles. A sober analysis reveals that such a price target may be more of a dream than a realistic probability for this cycle, requiring a suspension of disbelief regarding market dynamics and valuation principles. The Staggering Market Cap Requirement The single greatest argument against a $30 XRP is the sheer market capitalization it would require. This is not a matter of opinion, but of simple mathematics. With a total supply of 100 billion tokens, a price of $30 per XRP translates to a market capitalization of $3 trillion. To put this number into perspective: • Bitcoin's all-time high market cap is approximately $1.4 trillion. • The entire cryptocurrency market at its absolute peak valuation was around $3 trillion. • Ethereum, the second-largest cryptocurrency, reached a peak market cap of roughly $550 billion. For XRP to reach a $3 trillion valuation, it would need to become more than twice as valuable as Bitcoin has ever been. It would have to single-handedly equal the value of the entire crypto asset class during the peak of the last bull run. This would require an unprecedented and arguably unrealistic inflow of capital into a single altcoin within one market cycle, an event for which there is no historical precedent. The Glaring Valuation Disparity A major red flag for fundamentally-oriented investors is the massive disconnect between XRP's market capitalization and the actual economic activity occurring on its ledger. A common metric used to gauge this is the market-cap-to-TVL ratio. Even at more modest valuations, XRP's market cap has often been thousands of times greater than the Total Value Locked in its DeFi ecosystem. This indicates that the valuation is overwhelmingly driven by speculation on future utility rather than current, tangible use. While the promise of RWA tokenization is exciting, the current on-chain metrics remain weak in comparison to the asset's valuation. Critics point out that daily trading volumes on the ledger's decentralized exchange can be surprisingly low, and nascent sidechain projects have yet to gain significant traction or attract substantial capital. This stark contrast with platforms like Ethereum, where a robust and multi-billion dollar DeFi ecosystem provides a much stronger fundamental underpinning for its valuation, suggests XRP may be significantly overvalued on a utility basis. Intense Competition Ripple and XRP do not operate in a vacuum. The problems they aim to solve are being tackled by a host of powerful and innovative competitors. In the cross-border payments arena, where XRP was a pioneer, it now faces a crowded field. Traditional systems like SWIFT have not stood still, upgrading their services to improve speed and transparency. More importantly, the rise of stablecoins presents a formidable challenge, as they offer a stable unit of account for remittances and have seen massive adoption. Furthermore, a new wave of fintech solutions and central bank digital currencies are all vying for a piece of the global payments market. As a smart contract platform, the XRP Ledger is competing in the brutal Layer 1 blockchain race. It is up against the entrenched network effects of Ethereum and the high-speed, rapidly growing ecosystems of alternatives like Solana, all of which are battling for developers, users, and capital. Tokenomics and Sell Pressure XRP's large total supply of 100 billion tokens is a persistent point of concern for some investors, as it creates a different price dynamic than scarcer assets like Bitcoin. Additionally, after a significant run-up in price, a very large percentage of the circulating supply is often held at a profit. This raises the risk of significant sell-offs as the price climbs. Long-term holders and early investors may be tempted to take substantial profits at key psychological levels, creating persistent headwinds that could challenge sustained upward momentum toward extreme targets like $30. Conclusion: A Possible Dream, An Improbable Reality So, is a $30 XRP a real possibility for this bull cycle? The answer is nuanced. While not mathematically impossible, it resides firmly in the realm of extreme optimism and would require a confluence of events so perfect it borders on miraculous. For XRP to reach a $30 valuation, the following would likely need to happen: 1. Massive Institutional Inflows: A spot XRP ETF would need not only to be approved but also to attract hundreds of billions of dollars in a short period, dwarfing the initial success of the Bitcoin ETFs and signaling a seismic shift in institutional asset allocation. 2. Explosive Utility Growth: The XRP Ledger would need to see an exponential, near-vertical increase in real-world adoption for payments, DeFi, and RWA tokenization. Its on-chain economic activity would need to grow by orders of magnitude to begin to justify a multi-trillion-dollar valuation. 3. Unprecedented Market-Wide Euphoria: The entire cryptocurrency market would likely need to swell to a valuation of $10 trillion to $15 trillion or more, with XRP simultaneously capturing a disproportionately large share of that new capital. 4. Sustained Macroeconomic Tailwinds: A continued global economic environment of high liquidity and strong investor risk appetite would be necessary to fuel such a speculative rally across all risk assets. More conservative, yet still very bullish, price targets tend to fall in the $5 to $13 range. These projections, while less sensational, represent substantial gains from recent levels and are grounded in more realistic assumptions about market growth and adoption. Ultimately, while the dream of a $30 XRP fuels excitement and captures the imagination, investors should remain grounded. The journey ahead will be defined by tangible progress in the Ripple ecosystem, the real-world utility of the XRP Ledger, and the broader health of the global financial markets. The leap from its current standing to a $3 trillion asset is not a single jump but a vast chasm that is exceptionally unlikely to be crossed in a single bull cycle.
Long
by bryandowningqln
XAUUSD – Key Support Break TestGold has been consolidating after failing to reclaim the 3,358.25 resistance zone. Price is now testing the 3,340.00 support, with further downside pressure targeting 3,320.11 if sellers maintain momentum. Support: 3,340.00 🔽, 3,320.11, 3,300.00, 3,270.00 Resistance: 3,358.25 🔼, 3,380.00, 3,400.00 🔎 Bias: 🔼 Bullish: If price holds above 3,340.00 and reclaims 3,358.25. 🔽 Bearish: If price closes below 3,340.00, opening the path to 3,320.11 or even lower to 3,300.00. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
FX:XAUUSD
by SPOT_FX
Gold (XAU/USD) - Trading Signals Post-Trend BreakoutIntroduction: Analysis of Gold (XAU/USD) on lower timeframes, focusing on the breakout from an ascending trendline. Technical Analysis: Pattern: Breakout below $3,380.00, potential drop to $3,335.00 or $3,300.00. Levels: Support at $3,335.00 and $3,300.00; resistance at $3,380.00. Scenario 1: If a strong bullish candle forms at $3,335.00, go long to $3,380.00 (stop loss behind bullish candle). From $3,380.00 with candle confirmation, go short to $3,300.00 (stop loss at $3,412.00). Scenario 2: If price drops to $3,300.00 without rebounding, go long with a strong bullish candle to $3,400.00 (stop loss at $3,275.00). Risk Management: Risk-to-Reward: Scenario 1 (1:2), Scenario 2 (1:3). Conclusion: Breakout below $3,380.00 suggests a drop to $3,335.00 or $3,300.00. Await candle confirmation for long or short entries. Disclaimer: This analysis is for informational purposes only and not financial advice. Conduct your own research. Tags: #Gold, #XAUUSD, #TradingSignal. Time: Now (02:10 PM CEST, August 11, 2025).
FOREXCOM:XAUUSDLong
by polaaarbear
1
Gold trapped between 3,400.00 and 3,380 zoneAfter bouncing from 3,268.42 zone, Gold have been showing strong bullish momentum until it found itself between resistance zone 3,400.00 and support zone 3,380.00. Zones to watch: Support zones:3,800.00⬇️, 3,500.00⬇️ Resistance Zone:3,400.00⬆️, 3,430.00⬆️ 🔎BIAS: 🔼Bullish: Break and hold above 3,400.00 could extend gains towards 3,430.00 🔽Bearish: Break below 3,380.00 may lead to 3,350.00 and even deeper pullback towards 3,330.00. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
FX:XAUUSD
by SPOT_FX
1
Gold & DXY Analysis 09/08/2025Support Zone: 3276 Resistance Zone: 3400 With CPI and PPI failing to meet forecasts repeatedly and Trump's direction to tariff 100-ounce gold bar imports, the US Dollar Index (DXY) will continue its bearish downtrend structure. We can confirm this through the 1-hour and 4-hour failed change of character to create new highs inside the bullish structure. Gold formed higher lows (HL) and lower highs (LH) however, failed to break higher highs (HH) and lower lows (LL) while in a consolidation range in the lower timeframes. This gives me confidence that price has a high probability of continuing the bullish trend structure to the upside. Added support to push past 3400 is through the daily timeframe where we can see a double top and bottom formed on 13 June to 31 July between our support and resistance zone creating higher highs but failing to break our lower lows. This suggests that Spot Gold will move towards 3441 pips or 3499 pips through the week with the coming news and current chart patterns.
FUSIONMARKETS:XAUUSDLong
by ReggiePlays
2
Bitcoin Bears Lining Up? My Short PlanBitcoin is flirting with a potential pullback, and I’ve got my eyes locked on this short setup. The setup is a double top on the hourly chart. 📊 Risk/Reward: 3.7 🎯 Entry: 117 515 🛑 Stop Loss: 118 033 💰 Take Profit 1 (50%): 115 629 💰 Take Profit 2 (50%): 115 116 Seeing negative rsi divergence on the hourly chart, signaling slowing buying momentum. I am looking for the hourly candle to close within the range drawn on the chart with lower volume. I’ll be scaling out at TP1 and letting the second half ride if the bears get their way. 📅 Will today be the start of a deeper drop? 📍 I’m documenting my trades as part of my live trading journey – follow along to see how this one plays out and catch my next setups in real time. Not financial advice – just my personal analysis.
COINBASE:BTCUSDShort
by GTradingMethod
Watching for a Head & Shoulders on AUS200Watching AUS200 for a potential short setup — possible head and shoulders on the hourly chart. Left shoulder and head complete; waiting to see if right shoulder forms to confirm. All my setup variables are met so far. #GTradingMethod calculates take profits using the distance between the head’s peak and neckline, projected downwards. Risk/Reward: 3.4 Entry: 8838.3 Stop Loss: 8865.8 TP1 (50%): 8753 TP2 (50%): 8716 Join the journey, what are your guys and girls thoughts on how to trade a head and shoulders, and does anyone track the AUS200? Disclaimer: Please note, this is not financial advice. This content is intended to track my trading journey and for educational purposes only
OANDA:AU200AUDShort
by GTradingMethod
VRSK – Bullish Pin Bar at Key Support after Earnings Flush？NASDAQ: VRSK delivered good quarterly results, yet price action showed a sharp flush-down bar breaking below the lower Bollinger Band. Recently, price retested the key previous low level at $262, triggered some small stop-losses, and closed back at $262 with a bullish small pin bar. Double bottom setup on VRSK. Key factors supporting this level: 1. Flush-down move likely to stop out weak holders. 2. Break below lower Bollinger Band, indicating short-term oversold condition. 3. Stochastic oversold and attempting a bullish cross. 4. Bullish pin bar closing back above support.
NASDAQ:VRSKLong
by qhinvestment
8
LINK : You want the link for the pump?Hello friends🙌 ✅considering the recent market decline, the LINK market has also fallen like other currencies, and many of you are afraid that this is the end and the rise is over or is there still a rise? ✅Well, as we have indicated on the chart, after the price fell to the support area marked with Fibonacci, a double bottom pattern was formed and then the price was increased by buyers. ✅In this wave, we drew another Fibonacci and identified the area where the price pulled back, and we believe this currency has good potential for growth. ✅Now you can buy in steps in the specified areas with capital and risk management and move to the specified targets. 🔥Follow us for more signals🔥 *Trade safely with us*
Long
by TheHunters_Company
1