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BTC, ETH and XRP enter the New Year with breakout hopes

From fxstreet.com

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) entered the new year trading at key technical levels on Friday, as traders seek fresh directional cues in January. With BTC locked in a tight range, ETH is approaching its 50-day Exponential Moving Average (EMA), while XRP is nearing resistance. A clear breakout across these top three cryptocurrencies could help define market momentum in the opening weeks of the year. Bitcoin price has been consolidating between $85,500 and $90,000 for nearly three weeks, indicating indecision in the market. As of Friday, BTC hovers around $88,400. If BTC breaks and closes above the ... (full story)

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  • Category: Technical Analysis