Bitcoin, Ether and XRP have all recently experienced short-term recovery, but the market is still in a critical position. The three have temporarily secured their main supporting positions, although resistance above is still evident and the response is not strong enough.
Bitcoin.
Bitcoin is still operating within bands, with major support in the vicinity of $60,000, and resistance in the range of $66,000 to $67,000. The most important area below today is between $62,000 and $6.22 million, and prices are still on this side.
If Bitcoin fell clearly by $62,000, it could create a new low point and increase the risk of falling back in the coming weeks. On the contrary, if prices were to rise again to $6.55 million, the current trend of weakness could be weakened.
It's still under $2,000. Production
It is also in the concussion zone, near US$1,940 to US$1,970. ETH is supported at between $1,800 and $1,830, and a wider range of $1,500 to $1,600 is also considered important.
If ETH can continue to stand between $1,970 and $1,980, the market's expectations for its follow-up will improve, and the horizon will enter between $2,130 and $2,150. The next resistance above is close to $2,400.
XRP is still hovering around $1
XRP performance is weaker than bitcoin and the Ether. The weekly trend is still weak, and the next one is mainly around $0.93. On the dailies, XRP is now in the vicinity of $1 and there are potential deviations from the price and RSI, but they have not been confirmed.
This signal may be confirmed only if there is a stronger rebound in the XRP follow-up, accompanied by several consecutive trading days. According to the article, in this case, the XRP may have some repair in the coming one or two weeks, but overall performance may still lag behind bitcoin.