Bitcoin, Ethereum & Ripple May Face a Pullback – Are You Ready?
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of a possible correction in the middle of the week.
Bitcoin (BTC) has dropped slightly and is now trading around $106,100. It has fallen about 2.5% over the last two days. If it breaks below the important level of $104,245 (its 50-day moving average), it could slide down toward $100,000. The momentum is not very strong, but if it holds above $104,000, it might bounce back and aim for $112,000 — the April high.
Ethereum (ETH) has dropped below a key support zone at $2,461 and its 50-day average near $2,428. It’s currently trading near these levels. If it continues falling, it may head toward $2,111 — the June low. The momentum is slightly weak, but if ETH moves back above $2,461, it could rise toward $2,724.
Ripple (XRP) couldn’t break above $2.23 and dropped nearly 3%. It’s now trading around $2.18. If the drop continues, the next support could be at $1.96. But if it goes back above $2.23, it might rally toward $2.47 — its April high.
Impact:
If prices fall below current support levels, crypto may dip further. But if they bounce back above resistance, a short-term recovery could happen.