Bitcoin (BTC) consolidated on Monday following its recovery from last week's pullback.
Bitcoin price hovered $96,000 on Monday after recovering from last week's pullback. Ethereum price closed above the weekly resistance of $3,454, indicating a rally towards $4,000. Ripple price extends its gains on Monday after rallying more than 60% in the previous week. Bitcoin consolidated on Monday following its recovery from last week's pullback.
If XRP continues its upward momentum, it will extend its rally to retest its $2.66 mark. However, the RSI stands at 93, signaling overbought conditions and suggesting an increasing risk of a correction. The RSI’s move out of overbought territory could signify a pullback. XRP/USDT daily chart If XRP fails to maintain the upward momentum and faces a pullback, it could decline to retest its $1.96 support level.
Ethereum Cryptocurrencies Technical Analysis Ripple
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