Altcoins today: XRP forms a risky pattern, Lagrange gains over 300%

Cryptos displayed mixed performances in the past 24 hours as Bitcoin remained stuck below $105,000 . While Ripple’s XRP threatened a decline to the crucial $2 support barrier, Lagrange (LA) soared over 300% in the past day, propelled by top-tier exchange listings. Let’s explore further details about the duo’s performance over the last 24 hours and what to anticipate in the short term. XRP: $2 in danger as inverted cup and handle emerges Ripple’s native token fails to keep pace as massive token supply meets unclear regulatory developments. XRP trades at $2.18 after surrendering 20% of its value from last month’s peak of $2.658. The alt’s trading volume plunged 15% in the past day, signaling weakness. Moreover, the daily chart reveals a crucial technical pattern. XRP has formed an inverted cup & handle setup on its daily chart. Source – TradingView This is a classic bearish pattern that often heralds sharp price dips. The formation signals dwindling buyer momentum, leaving XRP prone to substantial declines in the coming sessions. Bears will target the vital support at $2, below which the digital asset could witness massive slumps or prolonged consolidations. XRP risks dipping to the multi-month foothold at $1.71, leading to a 22% dip from its current market value. Buyers should hold above $2 to keep the remittance token afloat in the near term. Moreover, bullish developments such as XRP spot ETF approval could mean stable uptrends in the coming months. Polymarket shows a 93% chance of the SEC authorizing XRP exchange-traded funds in 2025, a significant increase from 68% in April. Source – Polymarket Lagrange soars over 300% after tier-1 listings While XRP exhibited bearishness, Lagrange (LA) stole the show with staggering gains in the past day. LA climbed from $0.409 to an intraday high of $1.7803, translating to an over 330% upswing. It hovers at $1.45, with an over 35,900% surge in daily trading volume, signaling colossal trader and investor interest. Chart by CoinMarketCap What drove Lagrange’s latest outperformance? LA’s massive uptrend comes after the project confirmed listing on multiple leading exchanges via its X handle . The altcoin is now available in leading trading platforms, including KuCoin, Gate.io, Coinbase, Bitget, Bybit, and Binance Alpha. These developments saw Lagrange dominate social media chatter, with heightened developer and trader activities propelling LA prices. Lagrange is a crypto ecosystem that prioritizes modular blockchain infrastructure, enabling developers to create secure and scalable decentralized applications (dApps). LA will enjoy increased visibility and liquidity after the latest exchange listings. However, LA will hardly remain elevated after the massive rally. The alt exhibits significant volatility, calling for a cautious approach. Potential profit-taking could send the alt tumbling in the upcoming hours. The post Altcoins today: XRP forms a risky pattern, Lagrange gains over 300% appeared first on Invezz

Source: Invezz