From a technical #perspective, the XRP/USD rally has brought the pair near a resistance #confluence zone, which may lead to bearish reversal in the coming weeks.

Is The #Bitcoin Bear Market Over? An Increasingly Strong #Confluence of On-Chain/Technical Indicators Say Yes

Is The #Bitcoin Bear Market Over? An Increasingly Strong #Confluence of On-Chain/Technical Indicators Say Yes

Is The #Bitcoin Bear Market Over? An Increasingly Strong #Confluence of On-Chain/Technical Indicators Say Yes

Is The #Bitcoin Bear Market Over? An Increasingly Strong #Confluence of On-Chain/Technical Indicators Say Yes

Is The #Bitcoin Bear Market Over? An Increasingly Strong #Confluence of On-Chain/Technical Indicators Say Yes

In other words, a decisive close above the #confluence could have #ETH pursue a run-up toward its next upside target at its 200-3D #EMA (the blue wave) near $1,880.

That trajectory changed rapidly with a #confluence of negative economic #developments.