At the beginning of the article, it is stated that the price of Bitcoin was hovering around $36,850 and had not surpassed the last resistance. Towards the end of the month, while investors were expecting new peaks, the trading volume remained low. The curiosity lies in what Ethereum and XRP Coin investors expect in the coming hours, and current charts and price predictions have been reviewed.
It is mentioned that Ethereum (ETH) has once again lost its footing at the $2,000 threshold and has failed to surpass this level while waiting for ETF applications from BlackRock and Fidelity, even unable to sustain gains. On November 24, it approached the overall resistance of $2,137 but the bulls couldn’t breach this barrier, and the long wick on the day’s candlestick could indicate profit-taking.
Bears are trying to pull the price of Ethereum below the 20-day EMA ($1,998), and if successful, the price of ETH could fall to $1,904. A break below this support could signify the completion of a double top formation and lead to a drop to $1,834. Bears may currently be below the 20-day EMA, but what will happen in the coming hours remains uncertain.
If the ETH price rebounds from the 20-day EMA, it would indicate strong buyer support, and potential targets could be the $2,137 and $2,200 levels.
The XRP Coin price was also affected, and it is stated that if the July victory had occurred over the last few weeks, the XRP Coin price could have reached new highs above $1, but timing isn’t always perfect. The market last surged on November 22 from $0.58, but was cut off by sellers at $0.61, which suggests that bears are trying to turn the 20-day EMA into resistance.