Bitcoin (BTC) and Ethereum (ETH) prices are likely to decline as they near their key resistance levels, whereas Ripple (XRP) is showing stability around the daily support level of $0.544, indicating the potential for a recovery.
Bitcoin price looks set for a downturn as it approaches its key resistance level of around $62,000. Ethereum price risks falling after facing a major resistance level near $2,843. Ripple price finds stability around the daily support level of $0.544, with potential recovery on the cards. Bitcoin and Ethereum prices are likely to decline as they near their key resistance levels, whereas Ripple is showing stability around the daily support level of $0.544, indicating the potential for a recovery.
As of Wednesday, Ripple is trading slightly higher at $0.578, up 0.45%. If the daily support at $0.544 holds, XRP could rally 10% to challenge the next resistance level at $0.643. The daily chart’s RSI has moved above its neutral level of 50, and AO is on its way to doing the same. The bullish trend will be reinforced if both momentum indicators trade above their neutral levels. XRP/USDT daily chart Conversely, if Ripple's price closes below the $0.
Ethereum Ripple Cryptocurrencies Technical Analysis
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