XRP Really Needs That Breakout, Ethereum (ETH) Is Hiding Something, Nothing Stops Bitcoin (BTC) Before $71,000 By U.Today
From Investing.com: 2024-05-18 00:00:19
Bitcoin (BTC) shows bullish momentum, breaking key resistance levels at $63,000 and 50 EMA, aiming for $71,000. Trading above 50, 100, and 200 EMAs, with strong support at $60,000 and $62,000. Next major resistance at $70,000. Increasing buying volume supports upward trend with RSI above 60 indicating room to grow.
Ethereum (ETH) faces resistance at 100 EMA at $3,060 and 50 EMA near $3,180. Failure to stay above $3,000 could lead to support test at $2,800. Volume shows moderate interest post $3,000 breakthrough. A breakout above resistance crucial for bullish run, with potential volatility surge.
XRP consolidates near $0.52, struggling to break resistance levels for potential bullish run towards $0.60. Lack of significant buying power indicated by volume data. RSI in neutral zone, giving room for movement. Breakout dependent on increased volume support. Resistance might hold near term without surge in buying interest.
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