⚠️ Bitcoin, Ethereum & Ripple on Edge — Will the Fed’s Move
koinmilyoner
Updated at: 19 hours ago
{"content":"⚠️ Bitcoin, Ethereum & Ripple on Edge — Will the Fed’s Move Spark Market Turbulence? 💥
Bitcoin price has been stabilizing between $116,000 and $120,000 for two weeks, showing market hesitation.
Ethereum price maintains its daily level of $3,730, suggesting further upside to $4,000.
Ripple's XRP is over $2.99, signaling a resurgence.
Bitcoin (BTC) has ranged between $116,000 and $120,000 for two weeks, signaling trader hesitation. Rebounding Ethereum (ETH) and Ripple (XRP) prices are above crucial support levels.
Bitcoin trades range-bound between $116,000 and $120,000.
After hitting an all-time high of $123,218 on July 14, bitcoin price has been stabilizing between $116,000 and $120,000 for two weeks. As of Wednesday, BTC trades about $118,000.
BTC might drop below the 50-day Exponential Moving Average (EMA) at $112,735 if it goes below $116,000 daily.
BTC may return to $123,218, its all-time high, if it closes over $120,000 daily.
Ethereum's $3,730 daily threshold is solid.
Ethereum price recovered about 8% on July 24 and closed above daily barrier at $3,730 on Sunday. ETH hit a year-to-date high of $3,940 on Monday, but it fell the following day and retested $3,730. On Wednesday, ETH trades marginally above its daily support level at $3,730.
The daily support at $3,730 might help ETH reach its psychological $4,000.
However, ETH might fall below $3,500 if it pulls back below the daily support around $3,730.
XRP may rebound if $2.99 holds.
XRP fell 11% the day after breaking below $3.40, the daily support level. It rebounded 3.43% over the weekend after retesting its 61.8% Fibonacci mark at $2.99 on Friday. Monday's 3.5% correction left XRP around $3.12 the following day. It remains about $3.13 as of Wednesday.
If $2.99 support holds, XRP may rebound to $3.40, its prior support.
If XRP closes below $2.99, it may fall to its next daily support level of $2.72.
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