URGENT: XRP Maintains $2 Amid Bitcoin's Drop Below $90K, But Will the Support Last?
Market Reaction to Bitcoin's Drop: Bitcoin's sharp decline below $90K triggered panic in the crypto market, but $XRP managed to maintain its position around the $2 support level, despite showing signs of weakness.
XRP Price Analysis: XRP faced strong resistance at $2.20 and is currently testing the crucial $2.00 support level, with bearish momentum indicators suggesting that sellers are still in control.
Potential Price Movements: If XRP fails to hold the $2 level, the next downside targets are $1.80 and $1.70–$1.72, with a worst-case scenario potentially dropping to the $1.50 zone if Bitcoin continues to decline.
Market Sentiment: The overall market environment indicates a possibility of a short-term bounce for XRP, but a larger drop is expected if the bearish trend continues, reflecting broader market fears rather than XRP's individual strength.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36012.686 | 48006.343 | 60282.706 | 72276.363 | 84552.726 | 96546.383 | 108822.746 |
| Fibonacci | 48006.343 | 57277.491 | 63005.215 | 72276.363 | 81547.511 | 87275.235 | 96546.383 |
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