Insights from the Market Desk by FenzoFx.com

[FxNews]

XRP's Path Forward: Will the Uptrend Continue?





FenzoFx—XRP (Ripple) rose from $2.266, validating this demand zone for the week. The uptrend stalled at $2.360 during the early London session due to profit-taking and new market participants.

We expect XRP/USD to decline toward the FVG area at $2.30–$2.31 before resuming its uptrend. A break above $2.36 could trigger a move toward $2.38, followed by $2.40.

The bullish outlook is invalidated if XRP falls below the $2.26 support level.

[FxNews]

XRP (Ripple) is at a Critical Supply Zone: Will it Fall or Rise?




FenzoFx—Ripple (XRP) is testing the resistance level, which expands from $2.40 to $2.46, with the Stochastic Oscillator hinting at an overbought market. A new bearish wave could emerge if the resistance holds. In this scenario, the price could dip toward the 50.0% Fibonacci retracement level at $2.37, backed by the 50-SMA.

The bearish outlook should be invalidated if XRP/USD exceeds and stabilizes above $2.46.

[FxNews]

Litecoin Approaches $104 Resistance




FenzoFx—Litecoin's uptrend from $93.35 continued, reaching $100.00. Price is now targeting the $103.00–$104.00 resistance zone, where selling pressure may emerge.

A pullback to $98.00 is possible if the level holds. Traders should watch for bearish signals during the NY session.

[FxNews]

EUR/USD is Near a Strong Supply Zone: A Technical Analysis




FenozFx—EUR/USD bullish run is nearing the $1.4020 resistance. This level of supply is significant because previously the currency pair experienced a sell-off from this point.

From a technical perspective, the current uptick in momentum will likely extend to $1.4020. But the pair will likely begin consolidating by losing 30 to 50% of its value before the uptrend resumes.

Traders and investors should monitor the $1.4020 area closely for bearish signals in a lower timeframe such as candlestick patterns during the NY session.

[FxNews]

GBP/USD Forms a New Bearish Wave



FenzoFx—GBP/USD tested the 1.3414 high for the third time since late April, currently forming a long wick bearish candlestick pattern in the daily chart.

From a technical perspective, a new bearish wave could be on the horizon if this level holds. In this scenario, the next bearish target could be the 1.3145 support.

[FxNews]

Litecoin Technical Analysis





FenzoFx—Litecoin is holding strong at the $93.35 support, fueling a new bullish wave. Bears tested this level in the last session, but it remained intact. As long as LTC stays above $93.35, the next target is $100.12, with potential for $102.95 if buying pressure increases.

[FxNews]

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.

[FxNews]

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.

[FxNews]

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.

[FxNews]

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.