Crypto Rally Hits Speed Bump as Major Assets Struggle to Break Key Barriers

Bitcoin (BTC) and Ethereum (ETH) are experiencing a pause in their rally as they struggle to break through key resistance levels. BTC is trading at around $78,760 on Wednesday, holding onto its bullish tone but failing to clear the $80,000 psychological barrier.

Ethereum, on the other hand, is consolidating above $2,400 and below the $2,500 zone, with price anchored above both the 50-day and 200-day EMAs. The $2,500 psychological level reinforces the $2,476 resistance zone, making it a crucial area to watch.

Ripple (XRP) is also experiencing a pullback after testing the $1.50 psychological level, with its price down 5% so far this week. Immediate support for XRP converges around the 200-day EMA at $1.3822.