Healthy Pullback – ETH and XRP Build the Base for the Next Leg Up
2025-07-04 10:31:45
Main Idea
Ethereum (ETH) and XRP are undergoing a consolidation phase after facing downward pressure, which analysts view as a necessary step before their next potential price breakout.
Key Points
1. XRP is currently priced at $2.22, down 2.65%, with key resistance near $2.292 and support at $2.20.
2. XRP's 24-hour trading volume dropped 14.22%, indicating fading bullish momentum.
3. Ethereum trades at $2,537.42, down 2.52%, with resistance at $2,575, $2,600, and $2,625.
4. Ethereum's support levels are at $2,512 and $2,500, with potential for a deeper pullback to $2,450–$2,475.
5. Both cryptocurrencies show declining trading volumes, reinforcing bearish short-term pressure.
Description
Ethereum and XRP are consolidating in what analysts see as a healthy pullback before the next major rally XRP is building a strong support base above the critical $2.20 level after testing resistance at $2.29 Ethereum is holding firm above the key $2,500 psychological level, coiling for a push past $2,600 Ethereum (ETH) and XRP are consolidating in what technical analysts see as a healthy pullback, building a strong base above critical support levels after testing key resistance earlier in the w...
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