Bitcoin (BTC) and Ripple (XRP) prices approach their key support level; closing below may signal a continuation of its downward trend.
Bitcoin price approaches the $58,700 level; a close below could continue its downward move. Ethereum price breaks below the ascending trendline, signaling a bearish trend ahead. Ripple price retests its 200-day EMA at $0.551; a slip below would suggest a bearish move on the horizon. Bitcoin and Ripple prices approach their key support level; closing below may signal a continuation of its downward trend. Ethereum price has breached its ascending trendline, indicating a potential bearish shift.
This would invalidate the bearish thesis, and it could rally 11% to retest its weekly resistance level at $3,236. Ripple price set for a decline if it closes below 200-day EMA Ripple price retested and was rejected by its daily resistance level at $0.626 on Saturday. It declined 7.75% in the next three days and revisited its 200-day EMA at $0.551. On Wednesday, it trades slightly up by 0.2% to $0.567. If the Ripple price continues to decline and closes below the 200-day EMA at $0.
Ripple Ethereum Cryptocurrencies Technical Analysis
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