Bitcoin, Ethereum, and Ripple’s XRP showed weekend gains but now risk falling amid renewed uncertainty from US-China trade talks scheduled Monday in London. These talks have historically caused sharp market moves, and investors are cautious ahead of the meeting.
Bitcoin Nears Critical Support at $105,000
Bitcoin recovered slightly after last Thursday’s sharp drop but struggles to break above $106,058, a key resistance level. Technical signals suggest a possible double top pattern, which could push Bitcoin back toward $100,000 if it fails to hold support. Traders are watching the MACD and RSI indicators for clearer trends, but the looming trade talks add to the risk of a pullback.
Ethereum Weakens Below $2,500
Ethereum slipped below $2,500 and shows bearish signs. It failed to reclaim $2,600 after last week’s crash, and momentum indicators like MACD and RSI point to rising selling pressure. If Ethereum closes below its 200-day EMA at $2,461, further declines toward the 50-day EMA near $2,357 are likely.
Ripple’s XRP Struggles to Break Resistance
XRP faces resistance near its 50-day EMA and shows a double bottom reversal pattern. This raises the risk of a pullback to $2.00. Upcoming events, including the Ripple lawsuit decision and potential XRP ETF approval, could influence XRP’s price soon.
Market Summary
The broader crypto market edges higher but underlying weakness persists. Investors are cautious, likely taking profits ahead of the trade talks that could shape market direction this week.
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