XRP Surges to Record High Before Signaling a Bearish Double Top; Ether Forms Cautious ‘Doji’ Candle

ETH Flashes Doji at Key Resistance, XRP Double Top Hints at Reversal; BTC, SOL Show Signs of Weakness

Ether (ETH): Market Hesitates Near Multi-Month Ceiling

Ethereum’s daily chart printed a classic Doji candle on Monday, signaling market indecision after a near-vertical rally from $2,100 to $3,800 in under four weeks. The Doji pauses bullish momentum and puts the spotlight on the $3,800–$4,100 resistance zone—a ceiling where ETH has previously topped in March, May, and December of 2024.

Unless bulls can reclaim Monday’s $3,859 high, short-term indicators point toward consolidation or a pullback. The 15-minute chart shows a breakdown from a head-and-shoulders (H&S) pattern, projecting downside potential toward $3,550. Meanwhile, on the hourly chart, ETH has dropped below the Ichimoku cloud, reinforcing the near-term bearish case.

AI Outlook: Traders should monitor if ETH can convincingly break above the $3,800–$4,100 resistance zone. Failure to do so may result in a deeper retracement.

Resistance: $4,000, $4,109, $4,382
Support: $3,480, $3,081, $2,879

XRP: Double Top Formation Threatens Bullish Structure

XRP has been trading sideways between $3.35 and $3.60 since Friday. While the range initially suggested a healthy consolidation, the hourly chart now depicts a potential double top, a bearish reversal pattern defined by two peaks divided by a trough.

A confirmed breakdown below $3.35 could trigger a decline toward $3.00. The Guppy Multiple Moving Averages (GMMA) on the hourly chart have turned bearish, strengthening the case for a short-term correction.

That said, a decisive breakout above $3.65 would negate the pattern and revive bullish momentum, potentially extending the 54% rally that pushed XRP to fresh record highs this month.

AI Outlook: While the long-term trend remains constructive, bearish signals on lower timeframes suggest caution is warranted.

Resistance: $3.65, $4.00
Support: $3.35, $3.00, $2.65

Bitcoin (BTC): Bearish Triangle Sets Up Crucial Breakout Test

Bitcoin continues to compress within a descending triangle, with lower highs forming beneath a declining trendline and support anchored at around $116,000.

A breakout above the triangle could resume the broader uptrend and target new highs above $123,000. However, a breakdown below $116,000 would signal deeper weakness, with immediate support near $111,965—the previous record high set in May.

AI Outlook: BTC sits at a pivotal juncture. The next breakout—up or down—could dictate the trend into August.

Resistance: $120,000, $123,181
Support: $116,000, $115,739, $111,965

Solana (SOL): Reversal Signs Emerge After $204 Spike

Solana retreated from a five-month high of $204, slipping to $194 and forming a daily candle with a long upper wick, a classic sign of overhead selling pressure. The hourly MACD has turned negative, raising the risk of a further pullback toward $185, now a key support level after acting as resistance earlier.

Despite the short-term weakness, SOL maintains a constructive broader outlook, trading within an ascending channel and staying above the daily Ichimoku cloud.