Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) display healthy stabilization signs at the beginning of the week following the volatility observed on May 23.
The reason for the volatility caused by the social post of truth of Donald Trump who highlighted his decision to impose prices of 50% on the European Union. This sent a cold through the sector.
But, to this new negative, the suitable market, instead of falling as in T1, shows the strength of T2.
During the last week of the second month of Q2, the BTC price is consolidated after reaching a new summit of all time, while ETH and XRP hold almost key levels of support, which suggests that the bullish forces could still have a chance to recover control.
During writing, Bitcoin Hands exchange at $ 10,9868 on May 26, recovered 2.6% compared to the lowest of May 23 of $ 10,7278, Ethereum is $ 2569, recovered by 3.6% against $ 2525 and XRP is $ 2.34, recovered by 3.2% against $ 2.29.
Although the gains are still minimal, it always reflects optimism. As the market does not collapse as in the first quarter, despite the threat of Trump.
Bitcoin Price (BTC)
The Bitcoin price has reached a new summit of all time and refused the next day. However, he found the support and recovered slightly the next day. If he continues to recover and continues to recover and closes above his ATH, he could extend the gathering to a key psychological level of $ 120,000.
However, if BTC faces a decline and closes below the current low swing around $ 107,000, it could fall to retest its next key support at $ 100,000.
Ethereum Price (ETH)
Ethereum Price was faced with a rejection from a solid level of supply that aligns the high volume profile level of the start of Q1. But, Eth Price retests and found dynamic support around his 200 -day EMA group at around $ 2,447.82.
If the EMA of 200 days at $ 2,447 has the fall, ETH Price could extend the recovery to retest its daily resistance to $ 2,728.
On the other hand, if Eth Crypto breaks and closes below the 200 -day EMA at $ 2447.82, it could extend the decline to reach its next support at $ 2,000.23.
XRP price (XRP)
When the XRP price has broken, it supported the EMA dynamic group of 50 days, and now it is negotiated between the EMA groups of 20 days and 50 days. The XRP price is in high consolidation, if the 50 -day EMA continues to hold, the XRP price could extend the recovery to retest its daily resistance to $ 2,6607.
However, if the price of the Crypto XRP breaks and closes below its 50 -day support or the current swing, it could fall to $ 2.06 in the last week of May.
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Faq
The cryptography market shows stabilization and recovery on May 26, with BTC, ETH and XRP which resumes the ground after the recent volatility.
While the market shows resilience, investing in the crypto implies a risk. Consult a financial advisor and carry out in -depth research for informed decisions.
While Trump’s pricing threat has caused initial volatility, rapid stabilization of the T2 cryptography market reflects the underlying force. Sources
