J.J. Edwards’ Expert Market Analysis at FenzoFx

[FenzoFx]

XRP Eyes Rebound Amid Bearish Pressure

FenzoFx— Technical indicators show oversold conditions and bullish divergence in momentum. As a result, we expect a potential rebound toward higher resistance levels before the broader downtrend resumes. In this scenario, XRP could rise toward $2.2230, then pull back to $1.9220, with major sell-side liquidity resting at $1.7710.

[FenzoFx]

Gold Faces Breakdown Risk Below $4,030

FenzoFx—Gold began its downtrend after it failed to close above the bearish fair value gap with resistance at $4,235.00. Currently, the price lingers inside the bullish fair value gap with support at $4,030.00.

From a technical perspective, if on the daily chart the price closes below $4,030.00, we can expect the sell-off to resume. In this scenario, the equal lows at $3,930.00 will likely be the next target. Since this zone is a double bottom, in case of a breakdown, the bearish momentum will be boosted, which could drive the price to the next order block at $3,752.00.

[FenzoFx]

Bitcoin Consolidates Within April Gap

FenzoFx—Bitcoin formed a swing low at $80,5200.00 and is currently trading inside the April fair value gap. The primary trend remains bearish since BTC has not made a higher high or significant swing high. This suggests potential downside toward the major support at $73,700.00.

However, consolidation inside the fair value gap is expected, with selling pressure easing until Wednesday. In this scenario, BTC/USD could rise toward $92,200.00. Failure to close above this level in the short term would likely resume the downtrend, targeting $73,700.00.