Crypto market calm? Bitcoin, Ethereum, and $XRP slow their downtrends as a recovery may be on the horizon. 📉
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Bitcoin is trading around $107,600 on Monday after a 4.62% drop last week. If it finds support near the $105,573 level, a rebound could push it back up to $116,000. However, if support fails, BTC might fall to its 200-day EMA around $104,086.
Ethereum (ETH) 🚀
After hitting an all-time high of $4,956, Ethereum corrected by almost 9% before finding support at $4,232. It's now trading around $4,390. If this support holds, ETH could rally to $4,488 and potentially retest its all-time high. If it drops below $4,232, it may fall to its 50-day EMA around $4,001.
Ripple (XRP) 💧
has corrected by over 8% in the past week and is trading around its daily support of $2.72. A rebound from this level could see it rise to $2.99. If it closes below $2.72, it may drop to its 200-day EMA at $2.50.