Bitcoin (BTC) and Ethereum (ETH) are approaching their key support levels, and a sustained close below these marks could lead to further declines.
Bitcoin is declining and nearing its key support level of $69,500; a sustained close below this mark could trigger further declines. Ethereum is approaching its ascending trendline support; a close below could signal a possible downturn. Ripple price is nearing the $0.488 level; a firm close below would suggest a continuation of its downtrend. Bitcoin and Ethereum are approaching their key support levels, and a sustained close below these marks could lead to further declines.
5% until Thursday. At the time of writing on Friday, it trades slightly higher, around $0.512. If XRP declines and closes below $0.488, it could extend the decline by 12% to retest its August 5 low of $0.431. The RSI indicator on the daily chart is at 41, below its neutral level of 50, suggesting that bearish momentum is gaining traction. XRP/USDT daily chart If XRP breaks and closes above the 200-day EMA at $0.
Ethereum Ripple Cryptocurrencies Technical Analysis
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