Bitcoin (BTC) along with Ethereum (ETH) and Ripple (XRP) prices are all at Catch-22 moments, testing key levels that will determine the next direction
Bitcoin price could make a 5% climb to $27,771 if it overcomes resistance confluence between 50- and 200-EMA at 26,948.
Ripple price’s recovery rally threatened by massive seller accumulation within the $0.5145 and $0.5536 order block. and Ripple prices are all at Catch-22 moments, testing key levels that will determine the next directional bias. Depending on how bulls play their hand, the next few hours could be a make or break moment for the top three leading cryptos.The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued.
However, bulls still have a chance to push north, considering the RSI is tipping up and the AO is positive. The onus, therefore, is on bulls to increase their buying pressure, with a break and close above the 100-day EMA at $27,330 confirming the breakout. On the other hand, a rejection from the $1,648 resistance level could send Ethereum price south, potentially tagging the support floor at $1,551. In the dire case, the losses could extrapolate for a quick liquidity sweep, with the daily chart showing a bit of sell-side liquidity residing underneath.Ripple price faces massive seller accumulation
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