We've been observing for a few days how XRP, Ethereum, and BNB are moving with quite weakness in the market. I just checked today's cryptocurrency news and the situation remains the same: the three assets are still below their 30-day moving averages. The interesting thing is that the momentum is clearly negative everywhere, the MACD is in the red.



Let's start with XRP. The price is around $1.42 now, so it has risen a bit compared to where it was a month ago, but it remains in a weak sideways structure. The RSI is near 39, quite close to oversold but not at the extreme. If the support at 1.31 breaks, we could see a drop toward 1.28. Conversely, if it manages to break upward from 1.35, the next resistance is at 1.39 to 1.40.

Ethereum looks a bit better than XRP. It increased about 12% over the last month and is now trading near 2.31K. But here too, there is recent weakness; the price moved from 1,980 to 2,139 but then retreated. The key support is at 2,020, and if it falls further, the next support zone is at 2,000. The most important resistance is at 2,160. According to the cryptocurrency news I read, the weak momentum suggests that buyers have lost strength.

BNB is the weakest of the three. It only increased 0.13% in 30 days, currently at $629.20. It has a clear downward trend; the RSI is at 35, almost oversold. The immediate support is at 580; if it breaks, we could see 560. Resistance is between 600 and 605, then 630 to 635.

Today, everything will probably stay within defined ranges unless something important happens. The levels I mentioned are critical; any clear breakout in any of these assets could change the outlook. Meanwhile, we remain in a cooling phase in the cryptocurrency market.
XRP0.62%
ETH2.86%
BNB1.08%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin