Bitcoin (BTC) and Ethereum (ETH) are approaching crucial support levels on Monday; A closing firm below will lead to a correction. Ripple (XRP) price is following BTC and ETH as it approaches the rising trend line; A close below will result in a forward pullback.
The price of XRP remained weak on Friday after Ripple was filed with the US Court of Appeals for the Second Circuit. Ripple is seeking to file its cross-brief by April 16 after the SEC filed its appeal brief last week against Judge Analisa Torres’ ruling.
Ethereum (ETH) rose 4% on Friday as it looks to rebound from a week-long downward pressure that saw investors deposit more than 434,000 ETH on exchanges. With a recovery and derivatives traders holding their positions, ETH could complete a 20% rally if it overcomes symmetrical triangle resistance.
