While the UK slept, $XRP flushed to $1.20. Yesterday I said if $1.30 went, the day's low would get another look. It went, and sellers didn't stop at that low either. Now it's bouncing at $1.26, still under $1.28, last week's range low and the level that decides it from here. As long as $1.24 holds I think $1.28 gets retested. Lose it and $1.20 is the retest. Not financial advice #XRP
has just lost a support level that had been holding for weeks. $79,500 was the line bulls needed to defend. After multiple tests, sellers have finally pushed BTC below it. We're now trading around $78K, with the latest 4H candle reaching as low as $76,371. And here's the problem. The $79,500 level is now the first area Bitcoin needs to reclaim. Until that happens, it risks turning former support into resistance. If buyers manage to recover $79,500, we could see some relief towards $81K. But if #BTC remains below it, another move lower cannot be ruled out. The bigger resistance levels remain $83,500 and $87,000. For now, the 4H structure has weakened considerably. Bulls need to get that $79,500 level back quickly.
COULD BE SETTING UP FOR A MASSIVE CATCH-UP RALLY. Russell 2000 has led ETH for years, and right now the two are further apart than they have ever been. The October 10 crash broke the correlation and sent crypto into its own bear market. Russell kept climbing to a new ATH while ETH was left behind. Russell is down 11% from ATH and just bounced 1.67% from key support. If it keeps pushing higher, it could signal a major reversal for $ETH . Key levels to watch: • $2,800: First resistance • $3,600 to $4,500: Next targets if $2,800 breaks Earnings, oil prices, inflation, ISM and the US midterms will bring volatility, but Russell 2000 remains the key chart to watch.
Bitcoin Weekly Analysis $BTC held the $80K support, closing the week down just 2%, while Nasdaq fell 5% and the semiconductor index dropped over 11%. BTC has now closed above the 50W MA for 5 consecutive weeks despite the US market correction. As long as it holds the 50W MA near $76.1K, the bull run remains intact. Key levels: - Support: $80K and $76K - Resistance: $84K and $87.5K