Bitcoin Surpasses $120K While XRP Struggles at $3.10 Resistance
- Bitcoin has surpassed the $120,000 resistance level. This breakout indicates a potentially healthier technical structure compared to XRP.
- XRP's price action has reached $3.10 but struggled to maintain above the key resistance of $3.12.
- If XRP fails to hold above $3.12 by week's end, it risks declining back to $2.72, with further potential to retest lower support levels around $2.40 to $2.50.
The upcoming days are critical for both Bitcoin and XRP:
- XRP needs to hold above its downtrend retest at $3.00 to sustain bullish momentum.
- Bitcoin must maintain strength above $120,000 to confirm its breakout and support further rallies.
- A fall below these levels could lead to significant declines for both cryptocurrencies next week.
Current trading prices: XRP at $3.03, Bitcoin at $122,500.
Featured image from Unsplash, chart from TradingView