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Crypto prices remained in an uptrend on April 11, supported by ongoing talks in Pakistan between the United States and Iran. Bitcoin rose to $73,000, while the market capitalization of all coins increased to over $2.47 trillion. The move comes alongside technical setups highlighted for several tokens, including Venice Token (VVV), Hyperliquid (HYPE), and Ripple (XRP).
VVV has staged a strong comeback over the past few months, becoming one of the best-performing coins in the sector. The token has risen from a low of $0.900 in December last year to $8.3650 today.
The rally has been attributed to growing valuations in the AI industry and rising token burns. Technically, the token has moved above the Strong pivot reverse level of the Murrey Math Lines tool and has also broken above the key resistance level at $8.3650, which invalidates a double-top pattern.
VVV has moved above the 50-day and 100-day Exponential Moving Averages (EMA). The Relative Vigor Index (RVI) has turned upward, and the Percentage Price Oscillator (PPO) shows a bullish crossover.
Most likely outlook: A bullish continuation is indicated, with the next key target at $10—about 20% above the current level.
HYPE continued its strong uptrend and is nearing its highest level this year after Bitwise updated its upcoming spot HYPE ETF. The token jumped to $42.32, its highest point since March 18.
In a filing, Bitwise said the fund’s ticker will be BHYP and that fees will be 0.67%, higher than other top crypto funds. The token remains above an ascending trendline connecting the lowest levels since January and is also above the 50-day EMA.
HYPE has formed an ascending triangle pattern, a common continuation signal in technical analysis.
Most likely outlook: The price bias remains bullish, with the next key target at the psychological level of $50. A break above $50 could open the way for a move toward the extreme overshoot level of $56.25.
Ripple has stalled over the past few months as ETF inflows and network activity weakened. This consolidation has coincided with the broader crypto winter that began in February.
Technical indicators suggest a potential rebound as XRP has formed a double-bottom pattern, typically viewed as a bullish reversal signal. The double-bottom is at $1.2807, while the neckline is at $1.6067.
In addition, the Bollinger Bands’ three-line spread has narrowed substantially in recent months, which can signal an approaching short squeeze. If that occurs, the initial target would be $1.6067, the highest point in March.
Most likely outlook: A surge above $1.6067 would point to further gains, potentially toward the psychological resistance level at $2.00. Conversely, a drop below the key support level at $1.2800 would invalidate the bullish outlook.
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