Insights from the Market Desk by FenzoFx.com

[FxNews]

FenzoFx—XRP (Ripple) is tested and has stayed above $3.40, the previous all-time high. This level acts as support, backed by the VWAP from Thursday's low and the bullish FVG.


If this level holds, we expect the cryptocurrency to aim higher, targeting $3.60, followed by $3.66.

[FxNews]

EUR/USD Resumes Bearish Trend Below $1.176




FenzoFx—EUR/USD trades bearish, below the 100-SMA, and is currently testing the bullish FVG as support. Yesterday, Euro failed to pass the immediate resistance at $1.176; therefore, we expect the bearish bias to resume.

In this scenario, EUR/USD's downtrend could extend to the next support level at $1.151. Please note that the bearish outlook should be invalidated if Euro closes and stabilizes above $1.176.

[FxNews]

XRP Cools Near $3.00 Amid Overbought Signals




FenzoFx—XRP remains bullish after piercing $3.00 earlier this week but cooled near resistance. Trading around $2.90, Stochastic (~84) and RSI 14 (80) indicate overbought conditions, suggesting consolidation.

We anticipate a pullback toward $2.66 support before resuming the uptrend. Alternatively, a decisive break above $3.00 would target $3.21 next.

[FxNews]

Litecoin: Volume-Heavy Resistance Caps Recovery




FenzoFx—Litecoin fell 2.50% today, forming a double bottom at $90.80. If bears stabilize the price below this level, the decline could extend toward $85.20 support.

Resistance at $97.90 aligns with a high volume zone, reinforcing bearish pressure and making a breakout challenging.

[FxNews]

BCH Eyes $600.0 on Bullish Continuation Setup




FenzoFx—Bitcoin Cash remains bullish, consolidating above the ascending trendline after reaching $539.5. The price is pulling back toward the $469.1 support, which could trigger a new bullish wave if it holds. In that case, BCH may target the bearish fair value gap near $600.0.

However, if BCH/USD closes below $469.1, the current momentum dip could extend toward $437.0.

[FxNews]

FenzoFx—Litecoin is overbought as price nears resistance at $92.32. Stochastic reads 91.0, suggesting an overbought market. If LTC stays below $92.32, a bearish wave may emerge, targeting $88.47 support.


However, a close above $92.32 could trigger a bullish move toward the $100.0 mark, reinforcing the upward trend.

[FxNews]

AMZN (Amazon) Builds Bullish Setup




FenzoFx—Amazon (#AMZN) is pulling back from the $217.9 support, a key demand level backed by VWAP and high-volume activity. If this area holds, the uptrend is likely to resume with a potential move toward the $225.1 resistance. Stability above $217.9 remains crucial for bullish momentum to build.

[FxNews]

XRP Pushes Toward Breakout as Momentum Builds




FenzoFx—XRP is bullish, attempting a breakout above the $2.34 resistance. Stochastic at 70.0 and RSI at 63.0 signal strong momentum with room for further upside.

A close above $2.34 could push XRP/USD toward the next target at $2.48. However, the bullish bias remains valid only above the $2.16 support—dropping below this level could reverse the trend.

[FxNews]

Ethereum Bullish Bias Pauses After Reaching Weekly High



FenzoFx—Ethereum rose from $2,539.5, backed by VWAP and volume profile, but momentum eased after hitting the $2,651.0 weekly high. Stochastic signals overbought conditions at 87.0, hinting at possible consolidation or downside pressure.

• Bullish scenario: The bullish trend remains intact above $2,500, with upside potential toward the bearish FVG at $2,741.0.
• Bearish scenario: A close below $2,500 would shift focus to the $2,383 support zone.

[FxNews]

Gold Eyes Recovery From $3,269 Support Zone




FenzoFx—Gold dropped 0.65% to trade around $3,290.0, resuming its bearish bias. Immediate support rests at $3,269.1, backed by anchored VWAP. The bullish view holds above this level, aiming for $3,348.9.

A close below $3,259.1 would expose the $3,150.8 support.