| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107349.1100000000 |
| ETH | $2431.1690000000 |
| BNB | $646.6593100000 |
| XRP | $2.1990590000 |
| ADA | $0.5632845000 |
| SOL | $147.5637000000 |
| DOGE | $N/A |
| DOT | $3.3646900000 |
| LTC | $86.2082000000 |
| LINK | $13.2116100000 |
Category: CRYPTO NEWS
The post Ethereum Shows Signs of Accumulation Amid XRP Support Risks and Solana’s Potential Downtrend appeared on BitcoinEthereumNews.com. XRP faces critical support challenges as it struggles to maintain the $2 psychological level amid bearish technical signals. Ethereum demonstrates strong accumulation patterns, signaling potential for a sustained bullish breakout driven by institutional and retail interest. Solana’s recent breakdown below key moving averages indicates a possible prolonged correction, with $100 emerging as a significant support target, according to COINOTAG analysis. XRP tests crucial $2 support amid bearish pressure; Ethereum shows strong accumulation; Solana faces correction risks with key moving averages broken. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); XRP Struggles to Hold $2 Support Amid Descending Triangle Pressure XRP’s price action reveals a precarious position as it hovers just above the 100 EMA following a decisive rejection at the $2.20 resistance zone. The formation of a descending triangle—a pattern often signaling bearish continuation—adds to the downside risk. Despite a slight bounce, muted volume and a neutral Relative Strength Index (RSI) near 45 fail to provide bullish conviction. Without a high-volume breakout above $2.20, the likelihood of a further decline toward the 200 EMA, currently near $2, increases significantly. This 200 EMA level is critical, having served as a key support during prior corrections. A breach here could trigger a deeper retracement phase, undermining XRP’s medium-term bullish structure established after its early 2025 breakout from a falling wedge. Traders should monitor price interactions with this moving average closely, as…
2025-06-06T02:41:12+00:00