The article discusses the current price movements and technical analysis of Bitcoin, Ethereum, and XRP. Bitcoin’s price is trading near the lower trendline of a wedge pattern and is supported by the 200 SMA. However, it lacks momentum, and a breakdown could lead to a fall towards the $25K level. Ethereum’s price, though below the 200 SMA, appears more bullish in the short term, with a slightly higher RSI reading and trading closer to the upper range of a wedge pattern. An upside breakout could target resistance at $1,735. XRP is comparatively weak, with a low RSI reading and trading below the 50 and 200 SMAs. If there is a shift in momentum, it could test resistance levels at $0.52 and $0.54, while a breakdown may lead to a decline towards the $0.46 support area. The pressure on Bitcoin is attributed to Treasury yields.
AI Sentiment: Neutral
