Bitcoin (BTC) price has led the broader market north over the past few weeks, towing Ethereum (ETH) and Ripple (XRP) prices along with it.
Bitcoin price uptrend may be exhausted for the short term, as the $35,500 level pressures BTC. Ethereum price at crossroads below $1,935 mean threshold representsa make-or-break moment for the largest altcoin by market capitalization. Ripple price’s bullish momentum continues to build, but the supply barrier ahead may pose a challenge with $0.800 likely to hold.
Likely targets in a downward directional bias include the $32,000 psychological level, a critical juncture having capped the upside potential for the king of cryptocurrencies since May 2022 when the Terra ecosystem fell off a cliff. The RSI deviated from the northbound move, flattening to show complacency as buying pressure continues to weaken. This observation favors the downside.
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