 ▲ Bitcoin (BTC), Ethereum (ETH), and XRP (XRP)/ChatGPT-generated image © |
Bitcoin (BTC), Ethereum (ETH), and XRP are all being tested at key support levels, increasing short-term downside risks.
Amid escalating military tensions in the Middle East, the broader market is shifting into a risk-off mode, with BTC fluctuating near the lower bound of its trading range around $65,729. Currently trading at approximately $66,000, analysts warn that if the price closes below this support level, further correction toward last week’s low of $62,510 could follow. The next major support zone is identified at $60,000. The daily Relative Strength Index (RSI) stands at 39, remaining below the neutral 50 level and signaling prevailing bearish momentum, while the Moving Average Convergence Divergence (MACD) continues to maintain a bullish crossover formed on February 15, presenting mixed signals. The upper resistance level is projected at $71,746.
Ethereum confirmed resistance near the upper boundary of its recent range at $2,149 last week and is now trading around $1,940 to $1,950. If the correction continues, the price could decline toward lower support at $1,747. Momentum indicators are also mixed: the RSI suggests mounting bearish pressure, while the MACD leaves open the possibility of a rebound. In the event of recovery, a renewed challenge of $2,149 is seen as the first key hurdle.
XRP is testing support around $1.30, where the lower trendline of a falling wedge pattern converges with weekly support. A daily close below this level could extend losses toward the February 6 low of $1.11. However, if the trendline holds, a rebound toward the psychological resistance at $1.50 remains possible. XRP’s momentum indicators likewise reflect a lack of clear directional conviction among traders.
All three assets are at a crossroads at critical support and resistance levels. With volatility triggered by geopolitical factors and RSI and MACD offering conflicting signals, whether prices close below key support levels is likely to serve as a decisive turning point for the short-term trend.
Disclaimer: This article is for investment reference only and we are not responsible for any losses resulting from investment decisions based on it. The information should be interpreted solely for informational purposes.