Bahram Wali
Open Trade
Frequent Trader
1.5 Years
I am a long-term and patient investor.🙂
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# Bitcoin, Ethereum, and Ripple Under Pressure**
**Bearish momentum drives prices lower, with key support levels at risk.**
1. **Bitcoin (BTC):**
- Dropped below its lower consolidation level of **$116,000**, signaling a downtrend. As of Friday, it hovered around **$115,800** .
- A further decline could test the **50-day Exponential Moving Average (EMA)** at **$112,961**.
- If bullish momentum returns, BTC may retest the upper consolidation range at **$120,000**.
2. **Ethereum (ETH):**
- Fell **over 3%** below its daily support level of **$3,730**, trading near **$3,700** on Friday .
- A continued drop may push ETH toward the next support at **$3,500**.
- A rebound could target the psychological threshold of **$4,000**, especially if institutional inflows persist .
3. **Ripple (XRP):**
- Currently holding above a critical support level at **$2.99**. A close below this could trigger a drop to **$2.78** .
- Earlier, XRP plunged **11%** after breaking below **$3.40** (daily support) but rebounded **3.43%** over the weekend after retesting the **61.8% Fibonacci retracement** level at **$2.99**.
- If **$2.99** holds, XRP may rally back to **$3.40** (previous support).
### **Market Outlook**
- **BTC and ETH** face bearish pressure after losing key supports, while **XRP** remains volatile near make-or-break levels.
- Institutional demand (e.g., spot ETF inflows for BTC/ETH) and macroeconomic factors (e.g., Fed policy) could influence reversals .
#sanor016CommUNITY
#BTC
#ETH
#XRP’
**Bearish momentum drives prices lower, with key support levels at risk.**
1. **Bitcoin (BTC):**
- Dropped below its lower consolidation level of **$116,000**, signaling a downtrend. As of Friday, it hovered around **$115,800** .
- A further decline could test the **50-day Exponential Moving Average (EMA)** at **$112,961**.
- If bullish momentum returns, BTC may retest the upper consolidation range at **$120,000**.
2. **Ethereum (ETH):**
- Fell **over 3%** below its daily support level of **$3,730**, trading near **$3,700** on Friday .
- A continued drop may push ETH toward the next support at **$3,500**.
- A rebound could target the psychological threshold of **$4,000**, especially if institutional inflows persist .
3. **Ripple (XRP):**
- Currently holding above a critical support level at **$2.99**. A close below this could trigger a drop to **$2.78** .
- Earlier, XRP plunged **11%** after breaking below **$3.40** (daily support) but rebounded **3.43%** over the weekend after retesting the **61.8% Fibonacci retracement** level at **$2.99**.
- If **$2.99** holds, XRP may rally back to **$3.40** (previous support).
### **Market Outlook**
- **BTC and ETH** face bearish pressure after losing key supports, while **XRP** remains volatile near make-or-break levels.
- Institutional demand (e.g., spot ETF inflows for BTC/ETH) and macroeconomic factors (e.g., Fed policy) could influence reversals .
#sanor016CommUNITY
#BTC
#ETH
#XRP’
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