Analyst Issues Major Technical Warning for XRP and HBAR Investors

Key Points

1. The analyst notes a bull flag pattern for XRP, with potential bullish targets at $4.65 and $5.69, but warns of a bearish reversal if it falls below $3.

2. HBAR has reached a 1.618 Fibonacci target of $0.30, with potential next levels at $0.40 and $0.50 if momentum continues.

3. Recent sell-offs are attributed to U.S. Producer Price Index pressures, causing $460 million in long liquidations, though the broader trend remains upward.

4. Whale activity shows bearish signals, including a $15 million XRP long position closure, while over 95% of XRP supply is currently in profit.

5. The crypto fear-and-greed index is at 75, nearing 'extreme greed,' which often precedes short-term corrections, while the altcoin season index at 51 suggests more upside potential before typical corrections at levels above 75.