Markets Pause: #BTC , #ETH , #XRP in Limbo as Trump Decis
koinmilyoner
Updated at: 6 hours ago
{"content":"Markets Pause: #BTC , #ETH , #XRP in Limbo as Trump Decision Looms
A decisive closure below the 50-day EMA at $103,100 might herald a steep decline for Bitcoin.
Ethereum may correct if it breaks $2,461 support.
Ripple's XRP fails to break above the 50-day EMA at $2.24, increasing selling pressure and negative risk.
Bitcoin (BTC) price is above the critical support level on Friday; a break might cause a dramatic collapse. Ethereum (ETH) and Ripple (XRP) steadied around important levels like BTC, with a failure below their support levels suggesting a decline.
Crypto traders are wary as President Donald #TRUMP is anticipated to decide within two weeks whether to interfere in the Israel-Iran dispute, which might affect crypto market risk sentiment.
Bitcoin price fell 2.1% the day after drawing liquidity from its Fair Value Gap (FVG) at $108,064. BTC has often found support around the 50-day Exponential Moving Average (EMA) near $103,100, demonstrating its dynamic support. As of Friday, it trades about $104,500.
A daily closing below the 50-day EMA at $103,100 might extend BTC's drop below $100,000, a psychologically crucial mark.
If BTC finishes above its FVG level at $108,064, it might continue its rebound above $111,980, its May 22 all-time high.
Ethereum momentum indicators are poor.
Ethereum price retested and found support around $2,441 on Wednesday, consolidating there the next day. The lower consolidation barrier of $2,461 makes this level a significant support zone. On Friday, it was roughly $2,514.
If ETH closes below the 50-day EMA at $2,441, it may fall under $2,000.
However, ETH might rebound to retest its upper consolidation barrier at $2,724 if it finds support around its 50-day EMA at $2,441.
XRP price failed to finish above the 50-day EMA at $2.24 on Monday, falling 3.53% the next day and stabilizing around $2.15 till Thursday. It's roughly $2.16 as of Friday.
If XRP corrects, it might fall to its next daily support level around $1.96.
If XRP rebounds and closes above the 50-day EMA at $2.24, it might reach the May 23 high of $2.47.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/20/530e429ffa3b40169207b860aa6aecfe.jpg"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}