XRP Tags New All-Time High, Then Slips into Double Top Formation as Ether Charts a Doji

ETH Pauses After Rally, XRP Tests Breakdown Zone, BTC and SOL at Technical Crossroads

Ethereum (ETH): Indecision Emerges Near Key Resistance

Ethereum posted a Doji candlestick on Monday’s daily chart, indicating market indecision after a parabolic surge from $2,100 to $3,800 in just under a month. The price stalled near a historically significant resistance zone between $3,800 and $4,100, where ETH previously topped in March, May, and December 2024.

Intraday momentum has turned cautious. ETH appears to be breaking down from a head-and-shoulders pattern on the 15-minute chart, with a measured move target near $3,550. On the hourly chart, ETH has also slipped below the Ichimoku Cloud, a signal of weakening short-term trend strength.

🔎 AI Insight: A confirmed move above $3,859 would reset the bullish structure. Until then, traders should watch for further pullback risk.

Key Resistance: $4,000, $4,109, $4,382
Key Support: $3,480, $3,081, $2,879

XRP: Double Top Formation Poses Reversal Threat

XRP is trading sideways in a narrow range between $3.35 and $3.60, but technical signals suggest a potential reversal. The hourly chart reveals a developing double top—a bearish setup—with neckline support at $3.35. A breakdown below this level could send XRP toward $3.00.

The Guppy Multiple Moving Average (GMMA) has flipped bearish on lower timeframes, further supporting the downside case.

Still, a sustained breakout above $3.65 would invalidate the bearish setup and resume the uptrend, which has seen XRP rally over 50% this month.

🔎 AI Insight: Momentum is slowing. Watch $3.35 for potential breakdown or $3.65 for bullish continuation.

Resistance: $3.65, $4.00
Support: $3.35, $3.00, $2.65

Bitcoin (BTC): Descending Triangle Signals Compression

Bitcoin remains locked in a descending triangle, marked by falling highs since July 14 and horizontal support around $116,000. This pattern often resolves with a breakout—or breakdown—leading to a significant move.

A decisive breakout above the upper trendline could send BTC toward $123,000+, while a drop below support opens the door for a retest of $111,965, the prior all-time high from May.

🔎 AI Insight: BTC is approaching a technical inflection point. A breakout or breakdown from this triangle could define the next major leg.

Resistance: $120,000, $123,181
Support: $116,000, $115,739, $111,965

Solana (SOL): Pullback Begins After $204 Spike

Solana surged to $204 early Tuesday—its highest level in five months—before pulling back to $194, forming a daily candle with a long upper wick, indicating strong selling pressure.

The hourly MACD has turned bearish, suggesting a potential retracement to $185, a key former resistance zone now acting as support. Still, the broader trend remains intact, with SOL trading above its daily Ichimoku Cloud and within an ascending channel.