XRPUSD is recovering amid improving sentiment in the cryptocurrency market and continued institutional investor interest in XRP, with the price currently at 1.4378.
Technical outlook
XRPUSD is rising within an ascending channel, with buyers keeping prices above the EMA-65, indicating continued bullish strength. Today’s XRPUSD forecast suggests a rebound from the lower boundary of the ascending channel and further growth towards 1.4795.
The XRPUSD price maintains its bullish momentum, while buyers holding the 1.3905 support level increases the likelihood of further growth towards 1.4795.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
The SOLUSD rate is declining amid a drop in institutional inflows into spot ETFs, with the price currently at 101.17.
Technical outlook
The SOLUSD price has consolidated below the EMA-65, indicating easing buying pressure. The SOLUSD forecast for today suggests a further downward move towards 84.05 USD.
The current decline in the Solana price is driven by a sharp 96% drop in institutional demand.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
DOGEUSD is declining following news of the closure of the Bitwise Dogecoin ETF, with the price currently at 0.0837.
Technical outlook
The Dogecoin price is declining within a descending channel, with sellers holding resistance at 0.0845, indicating persistent bearish pressure. Today’s Dogecoin price forecast suggests a further decline towards the 0.0780 target.
Despite strong selling pressure following the closure of the Bitwise Dogecoin ETF, the 0.0810 support level is preventing a deeper sell-off.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
USDJPY tests resistance: the yen gears up for a correction out of the sideways channel
The yen's strengthening has stalled, with the USDJPY pair poised for a correction. The USDJPY rate currently stands at 154.45.
Technical outlook
On the daily chart, the USDJPY pair continues to trade below the previously established 155.15 support level, while a new support level has not yet formed.
The outlook for the USDJPY rate remains moderately negative.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
ETHUSD remains under pressure after another failed test of a strong resistance level, with the price currently trading at 2,480 USD.
Technical outlook
ETHUSD remains above the EMA-65, indicating that buyers still have upside potential. However, bulls' renewed attempts to break above the 2,520 USD resistance level are again encountering active selling pressure.
The prolonged struggle by buyers against the 2,520 USD resistance level increases the risk of ETHUSD falling towards 2,365 USD.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Rejection of the digital assets bill adds to pressure on XRPUSD
XRPUSD is falling for the second consecutive trading session following the failure of the Clarity Act, with the price currently hovering at 1.2767.
Technical outlook
The XRP price has broken below the bullish channel. Sellers gained a foothold below the EMA-65, indicating stronger downside pressure. Today's XRPUSD forecast suggests a rebound from the resistance level, followed by a further decline towards the 1.1325 target.
The current decline in XRPUSD below 1.3265 USD is driven by pressure following the failure of the Clarity Act in the US Senate.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
USDJPY weakens as the dollar strengthens after the interest rate hike
The US dollar is strengthening after the Federal Reserve raised interest rates and signalled further monetary policy tightening. The current USDJPY price is 155.62.
Technical outlook
On the daily chart, USDJPY has formed a support level at 152.95. The nearest resistance level is around 156.75. On the H4 timeframe, support is located near 154.95, while resistance has formed at 156.40.
As a result, a moderately positive near-term scenario is developing for USDJPY.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
EURUSD continues to decline under selling pressure
EURUSD continues to fall with a minor correction, while the global trend remains downward.
Technical outlook
On the D1 chart, resistance is located at 1.1655, while support is at 1.1460. On the H4 chart, support nearly coincides with this level at 1.1455, while resistance has formed at 1.1545.
The fundamental backdrop for EURUSD remains moderately negative.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
BTCUSD recovered from the decline that followed the Federal Reserve's rate hike. The current price is 81,550.
Technical outlook
BTCUSD is trading in an uptrend. The price is testing the resistance level at 81,885 USD. Support has formed at 74,890 USD. The price has been trading within this range since the end of August this year.
In the short term, BTCUSD is in a consolidation phase, while the fundamental backdrop is more likely to restrain growth.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
ETHUSD is correcting after the previous session's sharp rally, with the market focused on profit-taking. The current price is 2,729 USD.
Technical outlook
ETHUSD has consolidated below the EMA-65 line, indicating that selling pressure remains, although it is still too early to speak of a full price reversal. Today's ETHUSD forecast suggests a continuation of the upward move towards the 2,890 USD target.
ETHUSD technical analysis is gradually shifting in favour of buyers, although the price remains under selling pressure and the bullish scenario still requires confirmation.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
XRP under pressure again as ETF inflows slow and US crypto regulation stalls
XRP is correcting after a sharp rally. The current price is 1.6140.
Technical outlook
On the H4 chart, XRPUSD formed an Inverted Hammer reversal pattern near the middle Bollinger Band. At this stage, the price could continue the upward wave as the pattern signal plays out, with resistance around 1.6600 serving as the upside target.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Tokenisation accelerates Solana: SOL prepares for another test of 120 USD
SOLUSD is holding around 115.59 after a strong September rally, while the value of tokenised real-world assets on the Solana network has reached a new all-time high.
Technical outlook
On the H4 timeframe, SOLUSD maintains a bullish structure after a sharp rise from the 100 area. The price reached the 119–120 zone before correcting and is now consolidating around 115.59.
SOLUSD is consolidating after a strong rally but remains broadly bullish.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
DOGEUSD under dual pressure: payments grow while investor interest declines
Dogecoin's practical use is gradually increasing, which could support further growth in its price. The current price is 0.0952.
Technical outlook
On the H4 chart, DOGEUSD formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, the price could continue the upward wave as the pattern signal plays out, with resistance around 0.1000 serving as the upside target.
The main risk to further DOGEUSD gains remains buyers' inability to break above the 0.1000 resistance level and consolidate above it.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
