🚦 BTC Stuck, ETH Targets $4K, XRP Bounces Back — Who Leads the Next Move?
Bitcoin price has been stabilizing between $116,000 and $120,000 for 13 days.
Ethereum closes above daily barrier at $3,730, suggesting a move above $4,000.
XRP recovers after retesting $2.99, suggesting more recovery.
For 13 days, Bitcoin (BTC) has traded between $116,000 and $120,000, indicating trader hesitation. ETH breaks over a critical resistance level, while XRP finds support around its key level.
BTC consolidates between $116,000 and $120,000
Bitcoin price has been stabilizing between $116,000 and $120,000 for 13 days after reaching a fresh all-time high of $123,218 on June 14. As of Monday, it trades about $119,400, approaching its upper consolidation limit of $120,000.
BTC may return to $123,218, its all-time high, if it closes over $120,000 daily.
BTC may retest the 50-day Exponential Moving Average (EMA) around $112,350 if it goes below $116,000 daily.
Ethereum bulls want $4,000.
The price of Ethereum retested and found support around $3,500 on Thursday, then gained about 8% to close above $3,730 on Sunday. It trades over $3,800 on Monday.
ETH might reach $4,000 if it keeps rising.
If ETH pulls down, it may find support around $3,730, its daily level.
After retesting $2.99, XRP recovers.
After breaking below $3.40 daily support on Wednesday, XRP fell 11% the following day. It rebounded 3.43% over the weekend after retesting its 61.8% Fibonacci mark at $2.99 on Friday. As of Monday, it's roughly $3.25.
If XRP keeps rallying, it might reach $3.40, its daily resistance level.
If XRP closes below $2.99, it may fall to its next daily support level of $2.72.