Bitcoin (BTC) and Ethereum (ETH) prices are likely to decline after failing to surpass their respective key resistance levels, whereas Ripple (XRP) is showing stability around the daily support level of $0.544, indicating the potential for a recovery.
Bitcoin price consolidates between $57,000 and $62,000, with momentum indicators suggesting an impending bearish trend. Ethereum price is at risk of a decline if it approaches the resistance barrier of around $2,843. Ripple price finds stability around the daily support level of $0.544, with potential recovery on the cards.
Ripple price shows potential for a rally after finding support around the daily level Ripple price finds support around its daily support level of $0.544, which coincides with the 100-day EMA at $0.542 on Friday. On Monday, it trades slightly higher by 0.5% at $0.566. If the daily support at $0.544 holds, XRP could rally 10% to challenge the next resistance level at $0.643. The daily chart's RSI and AO have briefly slipped below their neutral levels of 50 and zero, respectively.
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