Market
Will Ripple (XRP) End up Falling Below the Uptrend?

Despite the ongoing rise, Ripple (XRP) price is still susceptible to a drop since the broader market cues and participation are declining.
This could result in XRP failing to breach a crucial level, which, as a support level, could trigger a rise.
Ripple Investors Back Off
XRP price could potentially see the bearish effects of the investors taking a step back, given participation has taken a hit. The total number of investors conducting a transaction on the network has slid from an average of 25,120 to 18,760 in the span of a month.
Active addresses highlight the demand for the asset as more transactions on the network create liquidity. Higher liquidity leads to a surge in participation, aiding price action rise.

However, given that the XRP price and participation are falling, a sell signal can be seen flashing. This could cause further harm to the altcoin.
At the same time, declining bullishness is also observed in the broader market cues. The Relative Strength Index (RSI), which spiked into the bullish zone, has returned below the neutral line at 50.0.
Read More: Everything You Need To Know About Ripple vs SEC

The RSI gauges the velocity and magnitude of price changes, aiding in detecting overbought or oversold market conditions. Given that Ripple is struggling to test the neutral line as support, the outcome is bearish.
XRP Price Prediction: Will the Uptrend End?
XRP price on the daily timeframe is observing an uptrend that was initiated a month ago. Slowly, the uptrend has brought XRP above $0.50, which is crucial psychological support. The altcoin is now close to breaching and flipping the 23.6% Fibonacci Retracement into support.
However, considering the intensifying bearish cues, this breach may fail, and the XRP price could fall through the uptrend line. Consequently, the altcoin could fall to test $0.47 as support again.
Read More: Ripple (XRP) Price Prediction 2024/2025/2030

On the other hand, if the altcoin flips the 23.6% Fib Retracement into support, it could signal a recovery. This level is recognized as the bear market support floor, and securing it prevents further decline.
A breach of $0.55 could enable a rally for XRP price, invalidating the bearish thesis in the process.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Price Fate Hangs on $2.00—Major Move Incoming?

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Market
Ethereum Price Weakens—Can Bulls Prevent a Major Breakdown?

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Ethereum price started another decline and traded below the $1,880 level. ETH is now consolidating and remains at risk of more losses.
- Ethereum struggled to continue higher above the $2,000 resistance level.
- The price is trading below $1,880 and the 100-hourly Simple Moving Average.
- There is a connecting bearish trend line forming with resistance at $1,820 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair must clear the $1,820 and $1,880 resistance levels to start a decent increase.
Ethereum Price Dips Again
Ethereum price failed to continue higher above $2,100 and started another decline, like Bitcoin. ETH declined below the $1,920 and $1,880 support levels.
It tested the $1,765 zone. A low was formed at $1,767 and the price recently attempted a fresh upward move. There was a move above the $1,800 level but the price is still below the 23.6% Fib retracement level of the recent decline from the $2,033 swing high to the $1,767 low.
Ethereum price is now trading below $1,880 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $1,820 on the hourly chart of ETH/USD.
On the upside, the price seems to be facing hurdles near the $1,820 level. The next key resistance is near the $1,880 level and the 50% Fib retracement level of the recent decline from the $2,033 swing high to the $1,767 low. The first major resistance is near the $1,920 level.

A clear move above the $1,920 resistance might send the price toward the $2,000 resistance. An upside break above the $2,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,050 resistance zone or even $2,120 in the near term.
More Losses In ETH?
If Ethereum fails to clear the $1,880 resistance, it could start another decline. Initial support on the downside is near the $1,780 level. The first major support sits near the $1,765 zone.
A clear move below the $1,765 support might push the price toward the $1,720 support. Any more losses might send the price toward the $1,680 support level in the near term. The next key support sits at $1,650.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone.
Major Support Level – $1,765
Major Resistance Level – $1,880
Market
Bitcoin Bears Tighten Grip—Where’s the Next Support?

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Bitcoin price started another decline below the $85,000 zone. BTC is now consolidating and might struggle to recover above the $83,500 zone.
- Bitcoin started a fresh decline below the $83,500 support zone.
- The price is trading below $83,200 and the 100 hourly Simple moving average.
- There is a connecting bearish trend line forming with resistance at $82,750 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another decline if it stays below the $83,500 resistance zone.
Bitcoin Price Dips Further
Bitcoin price failed to remain above the $85,500 level. BTC started another decline and traded below the support area at $85,000. The bears gained strength for a move below the $83,500 support zone.
The price even declined below the $82,000 level. A low was formed at $81,586 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $83,500 swing high to the $81,586 swing low.
Bitcoin price is now trading below $82,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $82,000 level. The first key resistance is near the $82,750 level. There is also a connecting bearish trend line forming with resistance at $82,750 on the hourly chart of the BTC/USD pair.

The trend line is near the 61.8% Fib retracement level of the downward move from the $83,500 swing high to the $81,586 swing low. The next key resistance could be $83,500. A close above the $83,500 resistance might send the price further higher. In the stated case, the price could rise and test the $84,200 resistance level. Any more gains might send the price toward the $84,800 level or even $85,000.
Another Decline In BTC?
If Bitcoin fails to rise above the $83,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $81,800 level. The first major support is near the $81,500 level.
The next support is now near the $80,650 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,500.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $81,500, followed by $80,650.
Major Resistance Levels – $82,750 and $83,500.
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