XRP Hits 15-Week Low Amid Market Weakness

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

BTC-4.226%

XRP-2.97%

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Downward Price Trend: XRP has dropped to approximately $1.2677, marking a 15-week low after failing to hold above $1.32, indicating broader market weakness that may erode investor confidence.
Weak Technical Indicators: The cryptocurrency is now trading below $1.2880 and the critical 100-hour simple moving average, with technical signals suggesting a fragile price structure facing ongoing resistance at $1.2920, $1.2960, and $1.3150.
Support Levels in Focus: Analyst ChartNerdTA highlighted that XRP's failure to rally post the 20 and 50 EMA death cross indicates a persistent downtrend, prompting investors to monitor the $1.10 to $1.30 support range for potential accumulation opportunities.
Potential Risks: Should these support levels fail, attention may shift to the historical demand zone between $0.65 and $0.85, with XRP currently hovering around $1.28, where sellers maintain control, raising the risk of further declines.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 5 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	60781.496	65053.073	69536.846	73808.423	78292.196	82563.773	87047.546
Fibonacci	65053.073	68397.617	70463.879	73808.423	77152.967	79219.229	82563.773

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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