Bitcoin (BTC) and Ripple (XRP) prices are approaching their key support levels; closing below suggests a decline ahead.
Bitcoin price approaches crucial support level at $56,000; a close below could see its downtrend persist. Ethereum price nears $2,300, with a break signaling a bearish trend ahead. Ripple price hovers 200-day EMA at $0.549; a firm close below would suggest a decline ahead. Bitcoin and Ripple prices are approaching their key support levels; closing below suggests a decline ahead.
Ripple price is set for a down leg after closing below key support level Ripple price is finding crucial support around the 200-day EMA at $0.549, coinciding with the daily support level at $0.544. Currently trading slightly lower by 1% at $0.551, if XRP breaks below these levels, it could drop by 10% to retest the August 7 low of $0.492. The RSI and AO are trading below the neutral levels of 50 and zero on the daily chart.
Ethereum Ripple Cryptocurrencies Technical Analysis
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