Crypto Pivots in Play: Bitcoin, Ether at Critical Junctures, XRP Probes $2 Support
Summary
Bitcoin (BTC) is trading within a counter-trend rising channel on the hourly chart, situated inside a larger descending trend. A break above $96,500 would signal a bullish revival, while a drop below the channel could lead to a retest of $80,000. Ether (ETH) mirrors this structure, needing to decisively break $3,200 to confirm a bullish move toward $3,620; otherwise, a break below the channel risks a drop toward recent lows near $2,630. XRP is testing the critical $2 support level, which has repeatedly shown seller exhaustion; a breakdown risks capitulation toward $1.63, while closing above $2.30 would signal a bullish reversal. Solana (SOL) remains directionless, trading sideways between $120 and $145, awaiting a clear breach of this range for its next significant move.
(Source:CoinDesk)