Cryptocurrencies Experience Significant Market Movements
Main Idea
The cryptocurrency markets, including XRP, Bitcoin, and Ether, have experienced significant volatility with notable price movements and key resistance and support levels.
Key Points
1. XRP has shown an 11% weekly increase but faces resistance at $3.65; sustaining above this level is crucial for the uptrend.
2. Bitcoin is in a consolidation phase with resistance levels at $120,000, $122,056, and $123,181, and support levels at $111,965, $104,562, and $100,000.
3. Ether has surged past $4,200, with potential to reach $4,800, and has support levels at $4,000, $3,941, and $3,737.
4. On-chain metrics indicate XRP holders have significant unrealized profits, with NUPL reaching its highest level since 2021.
5. A drop below $111,965 for Bitcoin could trigger selling risks, while a rebound from the 50-day highs is possible.
Description
XRP shows upward signals, but $3.65 remains a critical resistance level. Bitcoin undergoes consolidation, possibly leading to new highs upon trend confirmation. Continue Reading: Cryptocurrencies Experience Significant Market Movements The post Cryptocurrencies Experience Significant Market Movements appeared first on COINTURK NEWS .
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