A failure to hold the recent strong support of the 50-day SMA could invite stronger selling pressure.
BY OMKAR GODBOLE|EDITED BY PARIKSHIT MISHRA
Updated Jun 18, 2025 at 4:07 p.m.
Published Jun 18, 2025 at 3:07 p.m.
BTC, XRP hover at key support levels. (klip game/Wikimedia Commons)
BTC, XRP hover at key support levels. (klip game/Wikimedia Commons)
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What to know:
Bitcoin's price has returned to its 50-day simple moving average, which previously supported price bounces.
A failure to hold the 50-day SMA could lead to a significant price drop below $100,000.
XRP is trading at the lower end of the Ichimoku cloud, teasing a breakdown.