ApeCoin price continues to rise by a minor hurdle, which is clear evidence of bottom buying and support by the bulls, according to crypto analyst Jonathan Morgan. Analyst Akash Girimath states that another change in market structure marks a 30% return for the Shiba Inu (SHIB). According to analyst Filip L, Ripple (XRP) price has been rejected from a historical high even though it has surpassed 2% on the day. Analysts chart the route of APE, SHIB and XRP in their own words.
Why can ApeCoin price reach $20?
ApeCoin price dropped to a support zone that was previously set on March 24, 2022 and then moved to the target zone indicated in the $15 value area. There is currently a consolidation between $15 and $15.50 and there could be a short pause before another breakout occurs.
ApeCoin price action digests recent rally to continue rising after ending consolidation ApeCoin price is likely to continue its current rise and complete the third wave of a broader Elliot Impulse Wave. The Third Wave is typically a 161.8% extension of the First Wave. However, it may end up short or slightly above the predicted range. For APE, the 161.8% Fibonacci expansion is just shy of $20 from $19.87.
On the hourly chart, ApeCoin price declined slightly after holding the 61.8% Fibonacci expansion at $15. This same behavior can occur again in a 100% Fibonacci expansion at $17.
From the oscillator perspective, it is highly likely that the price of ApeCoin will continue to rise. The Relative Strength Index is bouncing from its initial oversold level in bull market conditions and currently at 50. Additionally, the Composite Index has an almost imperceptible hidden bullish divergence. This occurs when the price chart shows higher lows but the oscillator shows lower lows. If the Composite Index rises above its fast-moving average, ApeCoin price will likely start its next rise. An hourly close at or above $15.40 will likely take the next uptrend to $17 and then to $20.
However, downside risks exist. The broader altcoin market has seen significant growth and gains over the past few weeks, but some profits can be made, as reported by Kriptokoin.com. If selling pressure hits the market, ApeCoin price could quickly bounce back near the $13 value area of the Ichimoku Cloud (Senkou Span A) before finding support.
“Shiba Inu accumulation at this level can yield maximum returns”
Shiba Inu price comes to a critical juncture on its northward journey. Turning this hurdle into a support base will be the key to further upside triggering for SHIB. The Shiba Inu price is up about 21% since it broke out of the downtrend on March 19. This reversal caused the bulls to cross the SHIB $0.0000231 resistance barrier and retest the next hurdle stretching from $0.0000252 to $0.0000269.
This resistance area has been significant since Jan 10 when it absorbed selling and buying pressure. Therefore, the final retest puts the Shiba Inu price at a crossroads; A successful conversion of this hurdle to a foothold will indicate that the bulls are in control and a failure will likely lead to a pullback to $0.0000231.
Either way, interested traders can accumulate SHIB at $0.0000231 and add it to their positions if the SHIB can hold above $0.0000269. Such a development would pave the way for the bulls to break through to the next important barrier at $0.0000352. Altogether, this increase will constitute a 33% rise from the current position and 52% at $0.0000231. Traders entering long positions can record profits at this level.
Regardless of the recent rise, Shiba Inu price, like all altcoins, depends on Bitcoin’s directional trend. If BTC crashes the flash, it will jeopardize the bullish outlook for SHIB. A daily candlestick near $0.0000205 will produce a lower low, invalidating the bullish thesis for Shiba Inu price. This development could also trigger a 17% collapse to $0.0000170.
XRP price prediction: “Ripple targets $1”
Ripple (XRP) price is bullish with the help of another tailwind supporting the positive return from the stock area. He sees it continuing. With cryptocurrencies at the forefront, the long-awaited uptrend for 2022 seems to have finally started after a few geopolitical restrictions. More bullish rallies could be seen with $1 as a price target in the near term.
XRP price moved higher from the Sunday session to the ASIA PAC on Monday morning and hit a flat top at the Sunday close. This signals a highly bullish signal as traders and market participants are in the market to buy at any current price. With this huge demand, the ASIA PAC has already printed some excellent numbers, with $0.8784 on the upside, almost exactly against the very important historical level of $0.8791.
Ripple price sadly followed by a rejection that pushed the price action below +2% gains for today. However, the bulls should not be discouraged as the European session will likely end up trading somewhat sideways. The US session will likely prove to be the catalyst pushing the price above $0.8791 at this level, with the most significant volume weighing on the bears trying to defend $0.8791 but they will eventually get stuck. $0.90 will be the stopping point today as the 200-day Simple Moving Average will set a price cap before reaching $1 this week.
As the comments triggered this rally, only one person said it was wait and see how Russia would react to the proposed concessions. The risk is that Russia will again remain silent, not compromising on anything, and will want to control every area and capital it has. This marks a pullback in the peace talks and price action in XRP returns to $0.8390 in the first phase and continues lower to $0.7843. which means an 8% correction on the downside.
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