With the risks higher than ever, the XRP balances on a tight rope. Although prices were recently volatile, the graph shows that 100 EMA (orange) is a decisive battlefield. For a long time is a major indication of momentum in the middle of the period, this moving axis is now the axis that will determine the future of XRP. After attempting to penetrate, XRP is currently combined at $ 2.27.
A little higher than this area, 100 EMA works as a possible launch platform as well as resistance. 50 EMA (blue line) approaches, creating conditions for a potential cross and increases the importance of this level. These moving averages can give XRP a new life if they ultimately converge and bullish crosses. This will be a strong technology purchase signal, a mini golden cross.
It will not be a free pass though. If this area is not held, the bullish scenario is likely to be nullified, and a return to previous support levels is likely about $ 2 or less. XRP was moving in a narrower triangle structure, a traditional pattern that precedes great fluctuations, so there is a real opportunity to collapse. Since the market size is relatively low, any noticeable fluctuations may occur in sudden nails.
In the coming days, merchants and investors must monitor how XRP responds to these moving averages. In the long run, the restoration of $ 2.50 and perhaps up to $ 3 will be possible with a clear step above them. On the other hand, it may result in the longest struggle to maintain its current value. XRP has another opportunity at a price of dollars.
Bitcoin reflection capabilities
The leading cryptocurrency, Bitcoin, shows indications of a possible reflection, and the last price movement has reached a critical point. Bitcoin, currently traded at $ 107,000, is working in a tense confrontation with the local trend line, which provides vital support for the past month. The graph shows that with the support of 50 EMA and 100 EMA, Bitcoin has increased steadily since its appearance from the monotheism stage is about $ 96,000.
But since the price is trying to stick to this decisive local trend, the latest series of daily candles has indicated increased sale pressure. In addition, the size has gradually decreased since the last important batch, indicating that the sellers intervene more strongly and that the buyer’s momentum is receding. If the level of support erupted, this position comes repeatedly before a severe collapse.
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Although the market was not yet in the area of the purchase, the relative strength index indicates that the momentum is clearly declining that it hovers between 60 and 68. At the next station, Bitcoin may test lower levels in the range of $ 104,000 to $ 96,000, which is compatible with previous unification stages and average average support if this trend is closed with the acknowledgment. The deepest decline in 200 EMA, or about 90,000 dollars, can be possible if these levels are broken.
This would threaten to retract a large amount of the gathering that started earlier this year. The main conclusion is that bitcoin is a balance on a risk -framed edge. The bullish gathering may continue if there is a recovery in this direction line, but the collapse is likely to lead to a wave of filter and additional pressure.
Ethereum takes revenge
As it becomes clear from the recent price movement, ETHEREUM has been greatly restored against Bitcoin. For several days, the original has gained steadily the ground for clear penetration by unifying a little less than the brand of $ 2700. Given that the ETH failed to Bitcoin in previous gatherings, this movement is especially important. 100 EMA shows a flagrant struggle between bulls and bears. The base of a solid support was formed less than this level, which Ethereum tested several times last week.
The sound profile also indicates a slow height in buying attention as ETH continues to erode this important resistance level. 200 EMA and 50 EMA began rapprochement below the current price, which may lead to a golden cross in the medium term. This rapprochement between the moving averages usually indicates the acceleration of noticeable prices if ETH can maintain its current path.
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Technically, ETHEREUM’s perseverance in the 2600 dollar to $ 2700 indicates that traders are ready to bear pressure, which will bring the original to this collapse point. The psychological level of $ 3000 will be the next reasonable goal after ETH successfully collapsed from 100 EMA; This level may indicate the beginning of the long -term trend against Bitcoin’s dominance.
Ethereum’s future remains largely dependent on the market mood as a whole and how Bitcoin behaves in the coming days. Ethereum may find it difficult to maintain its outstanding momentum if Bitcoin faces correction. But given a mixture of moving averages and a more optimistic structure, Ethereum seems ready to build on his last success and establish himself as a strong candidate to bypass Bitcoin in the coming weeks. Pay attention to this discovery 100 EMA.
