Bitcoin (BTC) and Ripple (XRP) prices are holding steady around their respective weekly and daily support levels, hinting at an imminent rally.
Bitcoin price finds support around the weekly level of $67,209, signaling a potential bullish trend. Ethereum price faces rejection at $3,530; a close above it would indicate a bullish move. Ripple price finds support around the daily support level at $0.544, with an impending rally eyed. Bitcoin and Ripple prices are holding steady around their respective weekly and daily support levels, hinting at an imminent rally.
If Ethereum maintains support at the $3,240 level, where the former trendline resistance, now acting as a supportive barrier, holds firm, ETH could increase by 8.6% to retest its daily peak of $3,524, recorded on July 1. This bounce is supported by indicators like the Relative Strength Index and Awesome Oscillator on the daily chart, both comfortably above their respective mean levels of 50 and 0. These momentum indicators strongly indicate bullish dominance.
Ethereum Ripple Cryptocurrencies Technical Analysis
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