Healthy Pullback – ETH and XRP Build the Base for the Next Leg Up
- Ethereum and XRP are consolidating in what analysts see as a healthy pullback before the next major rally
- XRP is building a strong support base above the critical $2.20 level after testing resistance at $2.29
- Ethereum is holding firm above the key $2,500 psychological level, coiling for a push past $2,600
Ethereum (ETH) and XRP are consolidating in what technical analysts see as a healthy pullback, building a strong base above critical support levels after testing key resistance earlier in the week. However, despite those early gains, both cryptocurrencies have faced renewed downward pressure. While both cryptocurrencies have pulled back from their recent highs, this price action is marked as a much-needed consolidation phase before the next leg up.
The current market structure, characterized by strong defense of key support zones, suggests that bulls are absorbing selling pressure and preparing for the next major breakout attempt.
XRP Builds a Base Above $2.20, Eyes Next Breakout
XRP’s current price sits at $2.22, representing a 2.65% decline over the past 24 hours. The intraday chart shows a consistent downtrend, characterized by lower highs and l…
The post Healthy Pullback – ETH and XRP Build the Base for the Next Leg Up appeared first on Coin Edition.
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Ethereum (ETH) Price Prediction & Analysis for July 12
Healthy Pullback – ETH and XRP Build the Base for the Next Leg Up
- Ethereum and XRP are consolidating in what analysts see as a healthy pullback before the next major rally
- XRP is building a strong support base above the critical $2.20 level after testing resistance at $2.29
- Ethereum is holding firm above the key $2,500 psychological level, coiling for a push past $2,600
Ethereum (ETH) and XRP are consolidating in what technical analysts see as a healthy pullback, building a strong base above critical support levels after testing key resistance earlier in the week. However, despite those early gains, both cryptocurrencies have faced renewed downward pressure. While both cryptocurrencies have pulled back from their recent highs, this price action is marked as a much-needed consolidation phase before the next leg up.
The current market structure, characterized by strong defense of key support zones, suggests that bulls are absorbing selling pressure and preparing for the next major breakout attempt.
XRP Builds a Base Above $2.20, Eyes Next Breakout
XRP’s current price sits at $2.22, representing a 2.65% decline over the past 24 hours. The intraday chart shows a consistent downtrend, characterized by lower highs and l…
The post Healthy Pullback – ETH and XRP Build the Base for the Next Leg Up appeared first on Coin Edition.
Читать больше