Ethereum’s Next Big Move: Holding $1,585 Could Lead to $10,000

Ethereum is testing a critical support zone around $1,585.

A bounce from this level could push Ethereum towards $10,000.

The current RSI suggests Ethereum is nearing an oversold region.

XRP has recently surged into a critical resistance level at $1.89. The price has faced significant resistance around this level, which may determine where the next significant move is made. The chart, posted by "The Great Mattsbay," shows XRP making a robust upward movement after consolidation. A breakout above this resistance can take XRP to higher levels, but the test at $1.89 remains crucial for traders and investors alike. If XRP breaks through this resistance, perhaps it targets $2.40 or may be higher, but in case of a break or pullback, it will be a potential condition

The chart shows a clear upward trend; however, resistance at $1.89 is where the focus stands. XRP needs to clear that level to confirm the upward trend continuation. With the volume increasing and the bullish candlesticks forming, XRP seems most likely to break out. Otherwise, if this does happen, the candle could retreat. Everyone's eye is on it because only this test will determine what would be next for XRP.

XRP's Strong Resistance at $1.89

XRP hovered around a price of $1.89--between that price and $1.90, the price seemed stuck, that is, it has been a resistance zone where you cannot pass. When XRP breaks from this price above $1.89, that indicates probably the next bullish leg. At the moment, analysts are looking closely but because this price has been tough in pushing past prior.

In addition, the last few days have shown good bullish strength in XRP where it formed obvious upward price action. Higher highs are being created, indicating that higher bullish momentum is likely to be seen. If XRP is able to break this $1.89 resistance, it can target the next crucial level at $2.40. That will be considered quite a big move for XRP and big trading volume will be attracted to profit from such movement

More so the historical resistance at $1.89, if breached, may turn to support. This can add an even more bullish dynamic to keep the upward momentum only. However, if the price does not break through, traders will need to avoid possible corrections

What next for XRP?

The main question now is if XRP can actually break the resistance level of $1.89. It has been tested several times at this price level, but not one time has it been able to sustain above it. Should a breakout form, XRP could return to higher levels towards $2.40 or higher. If resistance prevails, however, this would mean a short-term downturn for XRP

Traders and investors are looking for hints from market signals regarding the break in this critical resistance number. Momentum indicators combined with volume analyzes are crucial in deducing whether the breakout will hold up. Other than this, conditions in the larger market will also weigh in very heavily on the price direction concerning XRP over the next few days

Indeed, if XRP manages to maintain itself above the $1.89 resistance to climb up and above again, this breakout would probably indicate the start of a fresh rally. The point will mark an important juncture where XRP will eventually be viewed as moving, signaling either the end of consolidation.