Bitcoin (BTC) and Ripple (XRP) have stabilized around their key support levels and positioning for potential rallies.
Bitcoin price bounces off key psychological level of $62,000, eyeing a rally ahead. Ethereum price breaks and closes above its resistance barrier, signaling a bullish move on the horizon. Ripple price holds above its support level at $0.544, suggesting a continuation of an upward trend. Bitcoin and Ripple have stabilized around their key support levels and positioning for potential rallies.
Ripple price stabilizes above support, hinting at a continuation of upward momentum Ripple price stabilized above its daily support level of $0.544 over a week. This daily level roughly coincides with the 200-day EMA at $0.552, making it a key support zone. As of Monday, it is trading around at $0.589. If the 200-day EMA and daily support around $0.544 remain as support, XRP could continue its upward trend and retest its daily resistance level at $0.626.
Ethereum Ripple Cryptocurrencies Technical Analysis
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