Bitcoin price holding the $25,000 to $26,000 zone could support eventual bullish breakouts in ETH, XRP, LDO and RNDR.
) turned down from the overhead resistance near $0.56 on June 10 and nosedived below the 20-day EMA .However, a positive sign is that the buyers promptly purchased the dip to the 50-day SMA as seen from the long tail on the day’s candlestick. The 20-day EMA is an important level for the bulls because if they sustain the price above it, the XRP/USDT pair may again reach near $0.56.
On the other hand, if buyers thrust the price above the moving averages, it will clear the path for a possible rally to $0.55.Lido DAO price analysis However, the sellers are likely to have other plans. They would not want to give any leeway to the buyers and will try to sink the price to $1.57. If this level cracks, the pair may start its descent to the support line of the channel near $1.The deeply oversold levels on the RSI suggest that a relief rally may be around the corner. Buyers tried to start a recovery but the bears did not allow the price to rise above $1.90.
Alternatively, if the price fails to sustain above the uptrend line, it will suggest that the bears have flipped the uptrend line into resistance. The pair could then extend its decline and fall to the next support near $1.60.The 4-hour chart shows that the bulls are trying to push the price back above the breakdown level but the bears have held their ground. The zone between the uptrend line and the 20-EMA remains the key level to keep an eye on.
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