Major cryptocurrencies are facing crucial technical levels that could dictate near-term market sentiment. XRP is caught in a “squeeze” as its price consolidates near the convergence of the 50-day and 100-day moving averages around $0.55-$0.58. Holding this range is key for bulls, while a break below signals a potential downturn.
Ethereum is exhibiting strong bullish momentum toward the $4,000 psychological resistance. Clearing this hurdle could spark a fresh rally, supported by network upgrades and DeFi growth. However, overbought RSI hints at a possible pullback before continuing higher.
Meanwhile, itcoin">Bitcoin’s approach to $70,000 is meeting stiff resistance, potentially leading to selling pressure if it fails to break through convincingly. The $59,500 area near the 50-day moving average is an important support level to watch for signs of weakening momentum.
These make-or-break technical levels across XRP, Ethereum, and itcoin">Bitcoin will significantly impact broader crypto market trajectories in the coming days and weeks. Traders are closely monitoring the price action for clues on the next major move.
