šš Crypto Market Update ā May 24, 2025 šš„
$BTC is currently trading at $108,500, showing signs of consolidation after breaking out of the $105K resistance. The 4H RSI is hovering around 62, indicating room for upward momentum without being overbought. MACD is bullish, and price action is forming a bull flag, often a precursor to another leg up.
Key levels to watch:
Resistance: $112,000 (next psychological barrier)
Support: $105,000 (recent breakout level)
Next Target: $120,000 if volume confirms breakout
$XRP is trading at $2.345, holding steady after a strong breakout above $2.20. On the daily chart, XRP is above the 200 EMA, with the Golden Cross still in play. Momentum indicators suggest a potential run to $2.60, but volume needs to increase to sustain the rally.
Key levels:
Resistance: $2.60 (2018 high zone)
Support: $2.20 (breakout retest)
Watch RSI: Currently at 71 ā slightly overheated, caution for short-term pullback.
ā ļø Both assets are in bullish structures, but caution is advised due to broader market volatility.
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