#SwingTradingStrategy

in the broader cryptocurrency market has seen prices edge higher on Friday, underscored by a spike in sentiment amid tensions in the Middle East. Major digital assets, including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP), are upholding a bullish outlook, offering signs of a prolonged trend reversal heading into the weekend.

Sentiment in the cryptocurrency market surged after United States (US) President Donald Trump, through his White House press secretary, announced a two-week delay in the decision on whether to launch attacks on Iran.

The largest smart contracts token by market capitalization, Ethereum, is trading at $2,552 at the time of writing, up over 1% on the day. ETH's price remains firmly above key levels, including the 200-day EMA support, currently at $2,477, the 50-day EMA at $2,443, and the 100-day EMA at $2,375.

The RSI above the midline supports the uptrend, with key areas of interest to traders, including $2,881, a resistance level tested on June 11, and $3,000, which was previously tested as support in November.

Sideways trading is taking center stage, with the price of XRP hovering at around $2.17 at the time of writing. XRP boasts robust support provided by the 200-day EMA at $2.09 but faces confluence resistance at $2.24, formed by the 50-day EMA and the 200-day EMA, which caps the upside movement.

A break on either side of the support and resistance would determine the direction of the trend. Sliding below the 200-day EMA at $2.09 could create instability and potentially increase the possibility of a breakdown under $2.00.