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BTC, ETH and XRP face downside risks as breakout attempts falter
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) continue to trade in red on Wednesday as recent breakout attempts lose momentum near key resistance levels. BTC failed to reclaim the $90,000, ETH slipped below $3,000, while XRP faced rejection near $1.96. Traders should be cautious as the near-term outlook for the top three cryptocurrencies remains bearish. Bitcoin price was retested at the psychological level of $90,000 on Monday and declined slightly the following day. At the time of writing on Wednesday, BTC hovers at around $87,400. If BTC continues its correction, it could extend the decline toward the key support ... (full story)
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