BTC and ETH Steady, XRP Falls Towards $1.00
Crypto prices have stabilized on Friday, with Bitcoin (BTC) and Ethereum (ETH) maintaining their positions above key support levels. However, Ripple (XRP) continues to decline, approaching its crucial $1.00 support level.
According to technical analysis, BTC holds steady at $64,480, with a bearish near-term bias due to its position below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs). The Relative Strength Index (RSI) is slightly above neutral, while the Moving Average Convergence Divergence (MACD) has turned marginally positive.
Ethereum, on the other hand, trades at $1,906, with a near-term tone leaning towards a potential breakout. However, its RSI suggests modest bullish momentum, and the MACD indicator has slipped below zero, hinting at softening upside traction.