Cryptocurrency Prices Consolidate After US Nonfarm Payroll Release

Cryptocurrency prices are consolidating after yesterday's US nonfarm payroll release brought fresh volatility to Ethereum (ETH), XRP, and Cardano (ADA) markets.

Ethereum price remains inside its larger consolidation range between $2,350 and $2,540. Technical indicators offer a mixed reading, with the RSI at 50.124 indicating balanced momentum and MACD providing a positive reading of 4.23. A break above roughly $2,482 could open the path toward $2,537.

XRP price has also consolidated between approximately $1.37 and $1,47, which are key levels for today's trading session. The nonfarm payroll release pushed XRP down toward $1.38 before it stabilized. A convincing move above $1.47 could change the short term structure and open the path toward $1.57.

Cardano price faces bearish pressure near its support area around $0.208, with a break below that exposing $0.203. Buyers need ADA to reclaim $0.215 to improve the short-term setup.