Crypto Market Consolidates Amid Fading US-Iran Deal Hopes

The crypto market has seen some consolidation this week, with Bitcoin and Ethereum holding steady above key support levels. Meanwhile, XRP has been feeling the pressure, dipping as optimism for a US-Iran deal fades.

Bitcoin is currently trading at around $64,116, just below the 50-day EMA of $64,633. This marks a neutral outlook for the currency, with investors waiting for a catalyst to push it above $65,000. Ethereum is also holding steady, trading below $1,900 but anchored above the $1,800 demand zone.

XRP, on the other hand, remains under pressure, testing the critical $1.00 support level. This marks the third consecutive day of declines for the token, undermining its broader technical structure.