Crypto analyst 589Bull has asserted that the “XRP is dead” narrative is a lie. The analyst went further to reveal the truth and explain why market participants should be bullish on the altcoin, despite the current price action.

Why XRP Is Not Dead Despite Current Price Action

In an X post, 589Bull stated that the idea that XRP is dead is a lie. Instead, he stated that the truth is that the altcoin is being embedded in the next financial system. The crypto analyst further remarked that Ripple is building the rails, digitizing liquidity using XRP, mapping corridors, and “bleeding retail” so that only institutions, bots, and insiders are positioned. 

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In line with this, he advised retail investors not to chase hype, or beg for dates, or flinch as the trick isn’t timing when the switch flips for XRP. Instead, he believes the trick is surviving the lie long enough to cash out on the truth. Simply put, 589Bull is confident that the altcoin will still experience a massive surge and is therefore advising market participants to hold and not get shaken out. 

589Bull also answered the question on why XRP has the most fundamentals in its history and is still down 30% from its 2025 high. He remarked that the answer is simple, as price isn’t the truth. Instead, he believes that the price is the trap, possibly to shake out the weak hands before the altcoins surge to new all-time highs (ATHs). The analyst claimed that “they” are not trying to reward early holders but rather shake them out. 

He further stated that while retail investors are watching red candles, they are launching futures, likely alluding to the Teucrium XRP ETF, which just launched. 589Bull added that the institutions are also listing international ISINs, onboarding banks to DLT corridors, and filing ETF applications in the background. The analyst asserted that this is a game of perception and that the louder the fear, the quieter the setup. 

The Clock Is Ticking For The Altcoin

In an X post, crypto analyst CasiTrades stated that XRP’s setup hasn’t changed, but the clock is ticking. She explained that the altcoin remains in the same range, as there haven’t been any new highs or lows. 

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However, the analyst noted that the altcoin has attempted a breakout alongside the Bitcoin price but stalled at the 0.618 retracement level, which is a common level for exhaustion. She added that the rejection came fast, and now the momentum is pulling XRP back to support. 

Meanwhile, CasiTrades also asserted that nothing about the bigger picture has changed. She stated that the current price action reinforces her belief that XRP will need to sweep major support levels, such as $1.90 and $1.55, before it is ready to break out. The analyst added that this should not continue to drag on as momentum in crypto shifts very quickly. 

At the time of writing, the XRP price is trading at around $2.07, down almost 2% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Pixabay, chart from Tradingview.com

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
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If you are looking to invest in more dog coins like Dogecoin (DOGE) and Shiba Inu (SHIB) to make some crazy gains, you might be barking up the wrong tree. If you want to see Dogecoin and Shiba Inu-like gains, you should invest in a new coin like Big Eyes (BIG).

Dogecoin: The top doge

Dogecoin (DOGE) is a meme coin that skyrocketed in popularity through endorsements of influential figures like the ‘Dogefather’ Elon Musk, and legendary rapper Snoop Dogg. It still is the most popular meme coin at the time of writing. It was the first meme cryptocurrency, initially started as a joke by software engineers Billy Markus and Jackson Palmer. This cute doge has a bite to match its bork. Over its lifetime Dogecoin (DOGE) has seen gains of up to 37,000%.

Shiba Inu: could it fetch a big price again?

Shiba Inu (SHIB) is an Ethereum-based meme coin that has been chasing the tail of Dogecoin (DOGE) ever since its launch, toted as the Dogecoin (DOGE) killer. Over its lifespan, Shiba Inu has enjoyed life-altering gains of 14,044,998%. Though these gains are enough for anyone to want to run and put all their money into the coin, unfortunately, it is very unlikely that Shiba Inu will see those kinds of gains again.

Dogecoin and Shiba Inu could make a comeback, as more and more places are accepting these meme coins as forms of payment, such as Twitch, AMC Cinemas, and Gamestop. Or Elon Musk could just tweet about them again. However, even if they do bounce back, these established meme coins will not experience the same drastic increase in price as they had before.

Ambitionz az a Feline: Big Eyez on me

Big Eyes (BIG) is the new cat on the blockchain with big ambitions to reach the top. It is a full-on community token with the potential to be the next big meme coin that blasts off to the moon. As the other doges have already had their days, if you want to see these life-changing gains, then investing in a new cryptocurrency with a lot of potential like Big Eyes is a must.

As a part of its roadmap, Big Eyes aims to be the most talked about meme coin in 2022. There is a clear gap in the market for a cat meme coin, as all of the top meme coins are dogs. Big Eyes plans to make full use of this, through copious memes, as Cats have been and still are an internet meme staple alongside Shiba Inus. Big Eyes is already killing it on social media, having reached 54k Twitter followers, and getting endorsements from Crypto influencers like RafaaCerro and GinoAssereto. Additionally, Big Eyes has the extra attractive feature of being styled in an anime fashion. This will broaden the appeal of Big Eyes to anime fans, in the same way Dogecoin appealed to prolific memers and fans of the doge meme.

Once the meme machine is on full tilt, pumping out cat-related memes that are purr-fect, there will be many more opportunities for Big Eyes to steal the spotlight. With more exposure and endorsements from influencers, Big Eyes’ notoriety will snowball, driving up the market price of the coin, and propelling Big Eyes to the stratosphere. This will bring anyone already invested in the coin along for the ride to the moon. Big Eyes is in stage 6 of its pre-sale right now, with $8.5 million already raised, so hop on the rocket ship before it takes off without you!

Big Eyes is not only just a super fun meme coin. It also is dedicated to helping save the environment – 5% of all tokens will be stored in a visible charity wallet for ocean conservation projects and by stage 4 of their roadmap they aim to get $1 million to charities. By investing in Big Eyes, you are not only allowing yourself to make a lot of profit but also helping save the environment at the same time.

Conclusion

If you want to see huge gains in the cryptocurrency space, you need to be some of the first pioneers to take the leap. There is still time to climb aboard the rocket, as Big Eyes have not launched yet, and are rapidly growing during pre-sale. Don’t miss your chance to invest in the next Dogecoin!

Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/
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Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Bitcoin reversed below $20,000 once more after the sell-offs that followed the completion of the Ethereum Merge. With the decline, the digital asset had revisited lows not seen in three months, giving credence to the bears during this time. However, one problem remains, and that is the fact that the cryptocurrency has been unable to find suitable support, causing the downtrend to continue.

Bitcoin Price Falls To Range Lows

Over the last week, bitcoin has seen multiple declines in its price. The Ethereum Merge had turned into a “buy the rumor” event which led to massive accumulation across the crypto market. But soon after, prices crashed, sending bitcoin down below $20,000 once more.

What this did was send the pioneer cryptocurrency back towards range lows. When it touched just above $19,000, it had declined to three-month lows with levels not seen since June this year. Since then, bitcoin has struggled to hold above $18,000 and keep from falling to the lows of June. 

BTC falls to three-month lows | Source: BTCUSD on TradingView.com

The current decline in price is a byproduct of bitcoin’s inability to break above $22,500. A test at this point had resulted in a beating down that sent its price back towards $18,000. After this decline, the digital asset had been able to recover but only so slightly. It has once more ranged back down towards the $18,000, where the bears continue to hold down the fort.

Pushing For 2018 Levels

Even now, the price of bitcoin remains in a more favorable position compared to the previous bear market cycle bottoms. Bitcoin’s current price at just above $19,000 puts it right at its consolidation range between $17,500-$25,000, which has held for the past three months.

However, given the digital asset’s recent decline, it shows a draw towards the previous bear market cycle that would put it at a bottom of $12,000 if it sticks to this trend. Furthermore, the sell-offs have continued over the last couple of weeks, and the digital asset has come under significant pressure at this time. 

The continued consolidation in these ranges has shown that there is a lot of resistance at $22,500 and then at $25,000. This explains the decline in the price of bitcoin after it had tested the former, proving to be the point to beat in any recovery trend.

If bitcoin fails to hold above $17,500 and falls below this point, then bitcoin will reach a low of $12,000 before the bull market. However, if there is a marked recovery trend that takes the price of the digital asset above $25,000, indicators show this point will lead to a bullish breakout.

Featured image from MARCA, chart from TradingView.com

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