Bitcoin (BTC) and Ethereum (ETH) show signs of weakness after being unable to break through key resistance levels.
Bitcoin price shows signs of weakness after rejection at the $70,000 resistance on Monday. Ethereum price continues to decline on Wednesday after facing resistance at around $2,700 at the start of this week. Ripple price was rejected at its 200-day EMA of $0.552, with a possible decline ahead. Bitcoin and Ethereum show signs of weakness after being unable to break through key resistance levels. Ripple mirrors this trend as it struggles to maintain momentum, suggesting potential declines ahead.
552 level on Monday and declined 2.6% until Tuesday. As of Wednesday, it continues to trade slightly down around $0.531. If the 200-day EMA at $0.552 holds as resistance, it could continue its decline to retest its October 3 low of $0.506. The RSI indicator on the daily chart is trading at 41, below its neutral level of 50, suggesting that bearish momentum is gaining traction. XRP/USDT daily chart However, if XRP breaks and closes above the 200-day EMA at $0.
Ethereum Ripple Cryptocurrencies Technical Analysis
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