J.J. Edwards’ Expert Market Analysis at FenzoFx

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Ripple (XRP) Could Rally If Support Holds

FenzoFx—Ripple (XRP) has extended its downtrend from 2.650 to the key support at 2.30. XRP is currently trading slightly above this level. The smart money index reads 1.28, matching prior lows where price previously bounced. Support remains at 2.26. As long as XRP stays above this, a move toward the 2.44 resistance is likely.

Bearish Scenario: A drop below 2.26 would invalidate the bullish outlook, potentially opening the path to 2.06.

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ETH/USD Technical Analysis

FenzoFx—Ethereum is retesting last week's low at 2,330 in today's session. A bullish candlestick pattern formed on Sunday after the price touched this support.

Ethereum is now trading around 2,400, showing strength in the London session. The outlook remains bullish above 2,330, with a potential target of 2,588, possibly during the New York session.

Bearish Scenario: A drop below 2,330 would invalidate the bullish view, likely resuming the downtrend toward 2,200.

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Ethereum Turned Bullish After It Tested Last Week's Low

FenzoFx—Ethereum resumed its bullish trend after testing last week's low at 2,340. Price action and candlestick patterns support the current momentum. 

The Stochastic Oscillator at 65.0 suggests the market is not overbought, indicating a likely continuation of the uptrend. The next bullish target is last week's high at 2,755.

Bearish Scenario: If ETHUSD falls and holds below 2,340.0, the downtrend from 2,755 may extend to 2,130.0.

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LTC Once Again Presents a Buying Opportunity for Scalpers

FenzoFx—Litecoin once again is testing the $93.0 resistance area, while the price has been below the 50-period simple moving average. This level hasn't been fully tested; therefore, if it holds, LTC will likely rise toward the $100.0 resistance.

Please note that a new bearish wave toward $88.0 could develop if LTC/USD dips and stabilizes below the aforementioned support area.