XRP at Critical EMA, ETH Volume Jumps 300%, BTC Faces $100K Risk
XRP is testing its 26-day EMA after a strong rally, with trading volumes tapering off and consolidation suggesting a possible deeper pullback. Key supports lie at the 50-day EMA near $2.89 and $2.70, while a rebound above $3.20 is needed to restore bullish confidence. Ethereum’s trading volume has surged over 300% as ETH hovers around $4,600, driven by both retail and institutional activity. The RSI is just above the overbought threshold, indicating potential consolidation or slight pullbacks. Critical supports for ETH are at $4,000 and $3,500. Bitcoin failed to breach the $121,000 resistance, triggering a volume-backed decline. The flat 26-day EMA offers little trend guidance, and RSI around 50 leaves room for further downside. Immediate support levels are $115,000 and $110,000; a breakdown could push BTC toward the 200-day EMA near $102,500. Traders should watch moving averages, volume spikes, and key support and resistance levels to gauge market momentum and potential pullbacks.
Bearish
The analysis points to weakening momentum across major assets: XRP risks breaching its 26-day EMA and key supports, ETH’s 300% volume spike amid overbought RSI suggests a corrective phase, and BTC’s failed $121K breakout with rising volume indicates further downside toward $110K–$102.5K. Similar past events show that steep rallies followed by volume surges often lead to pullbacks, reinforcing a bearish outlook in both short and medium term.