Bitcoin price closes below $100,000 support level, suggesting a further decline. Ethereum price closes below the $3,522 weekly level, indicating a correction on the horizon. Ripple price retests the $2.21 daily support level; a firmclose below would continue the ongoing pullback. Bitcoin price trades below $98,000 on Friday after declining more than 6% this week. Ethereum and Ripple followed BTC’s footsteps, closing below their key support and declining 12% and 4.5%, respectively, this week.
At the time of writing on Friday, it bounces off the $2.21 daily support level and trades around $2.33. If XRP closes below the $2.21 support level, it could extend the decline to retest its next support level at $1.96. The RSI on the daily chart reads 57 after rejecting the overbought level of 70 on Tuesday, suggesting signs of weakness in bullish momentum. If the RSI slips below the neutral level of 50, it could signal a sharp decline in Ripple price.
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