🚀 Bitcoin price momentum weakens despite Spanish bank Santander introducing BTC trading for Swiss clients:

Key Points

• Bitcoin price must hold above the critical support at $36,788 to keep hope for a continuation of the intermediate trend alive.

• The $1,935 support level continues to hold for Ethereum price but the slump is likely to

continue 5% lower.

• Ripple price extends south, invalidating the bullish thesis with the potential for a further 8% slump to $0.5392.

🪙Bitcoin price tests key support:

Bitcoin (BTC) price is showing weakness, recording a 3% fall on the day, with most of these losses recorded following news around Binance exchange.

Testing the critical support at $36,788 and with the Relative Strength Index (RSI) showing weakening momentum, BTC could fall.

Increased selling pressure below the $36,788 mean threshold of the supply zone stretching from $36,276 to $37,301 could open the drains for an extended fall, with experts anticipating a crash to the $30,000 psychological level.

🚨Ethereum price struggles to keep $1,935 support base:

Ethereum (ETH) price risks losing the critical support at $1,935, marking the midline of the supply zone turned bullish breaker that extend between $1,864 and $2,004. If the $1,935 level fails to hold, it could spell doom for token holders, with ETH likely sliding to the $1,800 psychological level, or in the dire case, invalidating the bullish thesis below $1,753.

Both the RSI and the AO support this outlook, edging south as momentum continues to fade.

♣️Ripple price could invalidate the bullish outlook with a bold move:

Ripple (XRP) price could invalidate the bullish outlook if it decisively breaks and closes below $0.5981 on the daily timeframe. Increased selling pressure below the current level could plunge XRP into the consolidation phase between $0.4735 and $0.5392.

Momentum indicators also corroborate the case to the downside, suggesting Ripple price downtrend may not be over just yet.