Mobility in ETH and XRP _: Will the rise continue?

The cryptocurrency market is trying to remain positive despite the uncertainty in Bitcoin (BTC).

While crypto industry major players Ethereum (ETH) and Ripple (XRP) are facing downtrends, Solana has shined with bullish momentum. The fact that ETH and XRP, which are the fixtures of the industry, remain in the background compared to SOL, surprised investors. So what is the latest situation for ETH and XRP?

Tension is rising in altcoins: What's going on with ETH?

Ethereum has recently fallen below critical support levels, challenging the resilience of the bullish structure established in previous months. Facing significant selling pressure after reaching all-time highs, the pioneer of altcoins has experienced a sharp pullback.


The next support for ETH, which is currently struggling with the $ 3,500 level, is $ 3,300, which coincides with the 200-day moving average. If Ethereum cannot price above this threshold, it may be exposed to greater selling pressure. In such a scenario, a relaxation to around $ 3,000 can be expected for Ethereum.

ETH's current resistance level is $3,800. The flagship of the altcoins, which has been in a downward trend for a few days, can move towards $ 4,000, which is an important level in psychological and technical terms, if it exceeds $ 3,800 in volume.

Uncertainty continues in Ripple (XRP)!

XRP's situation looks even weaker than other major coins It continues to struggle with regulators The resistance level for the coin is $0.65.

The moving averages on the XRP chart are converging; This could either indicate consolidation before an upward move or could herald further declines if price action remains negative. Traders are keeping a close eye on the $0.60 level, as a sustained close below this level could signal a bearish reversal.


View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)