{"id":38186,"date":"2025-07-22T17:16:48","date_gmt":"2025-07-22T17:16:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38186"},"modified":"2025-07-22T17:16:48","modified_gmt":"2025-07-22T17:16:48","slug":"xrp-hits-all-time-high-before-forming-bearish-double-top-pattern-ether-prints-doji","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38186","title":{"rendered":"XRP Hits All-Time High Before Forming Bearish Double Top Pattern, Ether Prints ‘Doji’"},"content":{"rendered":"
\n

This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole.<\/em><\/strong><\/p>\n

Ether: Signs of Indecision<\/h2>\n

Ether’s (ETH) Doji candle on Monday signals indecision in the market following a near 90-degree rise from $2,100 to $3,800 in less than four weeks. The pattern has neutralized the immediate bullish outlook, establishing Monday’s high of $3,859 as the level to beat for the bulls. Note that the $3,800-$4,100 range is where ether topped out in March 2024, May 2024 and December 2024.<\/p>\n

\"ETH's<\/p>\n

While prices remain below Monday’s high, the focus will be on the bearish shift in intraday indicators and the possibility of a notable price pullback. Price action on the 15-minute candlestick chart indicates a breakdown of the head-and-shoulders (H&S) pattern. The bearish pattern suggests a potential price drop to $3,550. <\/p>\n

\"ETH's<\/p>\n

Supporting the interim bear case is the hourly chart, where prices have crossed below the Ichimoku cloud, signaling a bearish shift in momentum.<\/p>\n

    \n
  • AI’s take: <\/strong>Traders should be cautious, watching if ETH can definitively break and hold above this multi-month ceiling ($3,800-$4,100) or if a pullback is imminent from this historically topped-out zone.<\/li>\n
  • Resistance: <\/strong>$4,000, $4,109,<\/strong> $4,382.<\/li>\n
  • Support:<\/strong> $3,480, $3,081, $2,879.<\/li>\n<\/ul>\n

    XRP: Double top<\/h2>\n

    Since Friday, XRP (XRP) has largely traded within a range, with upside capped above $3.6 and support at around $3.35. The sideways churn resembles a typical temporary bull breather observed after strong rallies. That said, on the hourly chart, it has taken the shape of a double top, a bearish reversal pattern identified by twin peaks separated by a valley (price drop).<\/p>\n

    \"XRP.<\/p>\n

    A move below $3.35 would trigger the double top breakdown, potentially opening the door for an extended pullback to $3. The Guppy multiple moving average (GMMA) indicator has already flipped bearish on the hourly chart, suggesting greater odds of a double top breakdown.<\/p>\n

    On the higher side, a convincing move above $3.65 would signal the continuation of the bull run that has seen prices surge 54% to record highs this month.<\/p>\n

      \n
    • AI’s take: <\/strong>While XRP’s broader outlook remains constructive, the current double top and bearish hourly GMMA warrant caution.<\/li>\n
    • Resistance: <\/strong>$3.65, $4<\/li>\n
    • Support: <\/strong>$3.35, $3, $2.65.<\/li>\n<\/ul>\n

      Bitcoin: Triangular consolidation<\/h2>\n

      Bitcoin (BTC) continues to consolidate in a descending triangle, identified by a downward-sloping trendline connecting lower highs since July 14, and another trendline connecting the horizontal support at around $116,000.<\/p>\n

      \"BTC.<\/p>\n

      A move past the upper trendline would signal the end of the bull breather, potentially yielding a rally to record highs above $123,000. Conversely, a downside break would raise the risk of a deeper pullback, with major support seen directly at $111,965, the former record high from May.<\/p>\n

        \n
      • AI’s take: <\/strong>BTC is currently at a high-stakes inflection point, consolidating within a bearish descending triangle, making its immediate future direction highly contingent on a decisive break of key price levels.<\/li>\n
      • Resistance: <\/strong>$120,000, $123,181. <\/li>\n
      • Support: <\/strong>$116,000, $115,739, $111,965.<\/li>\n<\/ul>\n

        Solana: Fades spike above $200<\/h2>\n

        Solana’s SOL (SOL) has pulled back to $194 from the five-month high of $204 early today, printing a daily candle with a long upper wick, a sign of sellers looking to reassert themselves. Key momentum indicators, such as the hourly chart MACD, have flipped decisively bearish, suggesting scope for an extended decline toward the former resistance-turned-support level at $185. The broader outlook remains constructive, as prices remain above the Ichimoku cloud on the daily chart and are locked in an ascending channel.<\/p>\n

        \"SOL.<\/p>\n

          \n
        • AI’s take: <\/strong>The pullback from $204 with a long upper wick and bearish hourly MACD signals immediate selling pressure and the potential for a deeper short-term correction towards $185.<\/li>\n
        • Resistance: $204, <\/strong>$218, $252-$264.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

          This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Ether: Signs of Indecision Ether’s (ETH) Doji candle on Monday signals indecision in the market following a near 90-degree rise from $2,100 to $3,800 in less than four weeks. The pattern has neutralized the immediate […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38186","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38186"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38186\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}