CandleFocus

Bitcoin, Ethereum, XRP Weekly Wrap – September 14, 2024

Author: Content Editor
Bitcoin, Ethereum, and XRP have all reacted positively to recent market conditions. Bitcoin has seen a surge in price, potentially indicating a breakout is imminent. It could rally by 27.6% to reach $91,410 or a more conservative short-term goal of $71,600. Establishing support at $58,986 is crucial to sustaining the uptrend, but a failure to do so could lead to a potential downturn.

Ethereum is currently trading at $2,418, bouncing off support at $2,344. A breach of the next resistance level at $2,546 could result in a rise to $2,681. However, failing to breach $2,546 may lead to a drop to $2,344, causing short-term consolidation and invalidating the bullish outlook.

XRP has been the best performer among the three, rising by 12% in the past week. It is approaching the resistance at $0.60, and if breached, could result in a three-week high for XRP price. However, failing to breach the resistance could bring the price down to $0.55 and invalidate the bullish outlook.

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